Encyclopedia of Finance Part 9 ppsx

... 47 81 26 307 Rights offering of A and B shares 82 50 63 70 198 335 797 Table 15.3. Number of listed companies ( 199 0– 199 8) Companies 199 0 199 1 199 2 199 3 199 4 199 5 199 6 199 7 199 8 Issuing A share ... A and B shares offering ( 198 7– 199 8) 87 88 89 90 91 92 93 94 95 96 97 98 Total Shares issued (100MM) 10 25 7 4 5 21 96 91 32 86 268 102 746 A share 10 25 7 4 5 10 43...

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... Journal of Economic Theory, 66: 178– 197 . Jouini, E. and Kallal, H. ( 199 5b). ‘‘Arbitrage in securities markets with short-sales constraints.’’ Mathematical Finance, 5: 197 – 232. Luttmer, E. ( 199 6). ... a martingale if the asset can be sold short. 4 The proof follows from Garman and Ohlson ( 198 1), Chen ( 199 5), Jouini and Kallal ( 199 5a,b), and Luttmer ( 199 6), and rather than re...

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... 39. 19 0 31.87 28 .94 0 257.2 39. 19 0 31.87 28 .94 0 257.2 39. 19 0 31.87 28 .94 0 2 257.2 39. 19 0 31.87 28 .94 0 257.2 39. 19 0 31.87 28 .94 0 257.2 39. 19 0 31.87 28 .94 0 3 257.2 39. 19 0 31.87 28 .94 ... 39. 19 0 31.87 28 .94 0 257.2 39. 19 0 31.87 28 .94 0 4 257.2 39. 19 0 31.87 28 .94 0 257.2 39. 19 0 31.87 28 .94 0 257.2 39. 19 0 31.87 28 .94 0 5 257.2 39. 19 0 31.87 28...

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... Distinguished Professor of Finance at Rutgers Busi- ness School, Rutgers University and was chairperson of the Department of Finance from 198 8– 199 5. He has also served on the faculty of the University of ... and professionals, in an attempt to meet the demand for a key source of fundamental finance terminology and concepts. This Encyclopedia of Finance contains five...

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... 198 0= 199 5 $65,387 3 No No No Compulsory Gabon 199 9 $5,336 1 No Yes Yes Voluntary Germany 196 6= 196 9= 199 8 $21 ,91 8 1 Yes Yes No Compulsory Gibraltar 199 8 N=A Yes No No Compulsory Greece 199 3= 199 5 ... Compulsory El Salvador 199 9 $4,720 2 No Yes Yes Compulsory Equatorial Guinea 199 9 $3,557 3 No Yes Yes Voluntary Estonia 199 8 $1,383 0 Yes Yes No Compulsory Finland 196 9= 199 2= 1...

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... 0 .92 59 $ 1,088, 391 $1,088, 391 2 1,175,462 0.8573 1,007,7 69 2,015,538 3 1,175,462 0. 793 8 93 3,120 2, 799 ,3 59 4 1,175,462 0.7350 864,000 3,455 ,99 9 5 15,868,743 0.6806 10,800,000 53 ,99 9 ,99 9 $14, 693 ,280 ... 0.8573 1,007,7 69 2,015,538 3 1,175,462 0. 793 8 93 3,120 2, 799 ,3 59 4 1,175,462 0.7350 864,000 3,455 ,99 9 5 1,175,462 0.6806 800,000 3 ,99 9 ,99 8 $4, 693 ,280 $13...

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... (Korajczyk, 198 5; Levine, 198 9; Huang, 199 0; Chiang, 199 1; Korajczyk and Viallet, 199 2) recognize these key elements, their studies merely focus on a single parity (Hodrick, 198 7) or a smaller set of parity ... evidence in favor of the PPP employs much longer data spans. For example, Abuaf and Jorion ( 199 0), Lothian and Taylor ( 199 7b), Jorion and Sweeney ( 199 6), Cheung and L...

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... by Ryder and Heal ( 197 3), Becker and Murphy ( 198 8), Sundaresan ( 198 9), Constan- tinides ( 199 0), and Campbell and Cochrane ( 199 9), among others. Ferson and Constantinides ( 199 1) model both durability ... the firm to form their ‘‘factors.’’ Lo and MacKinlay ( 199 0), MacKinlay ( 199 5), and Ferson et al. ( 199 9) provide critiques of the approach of sorting stocks on empirically...

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... conditional models, Ferson and Schadt ( 199 6), Kryzanowski et al. ( 199 7), Zheng ( 199 9), Becker et al. ( 199 9), and Mamaysky et al. (2003) find that the distribu- tion of mutual fund alphas shifts to the ... Journal of Empirical Finance, 1: 33–55 Stambaugh, R.S. ( 199 9). ‘‘Predictive regressions.’’ Jour- nal of Financial Economics, 54: 315–421. Wheatley, S. ( 198 9). ‘‘A critiqu...

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... weight measures of Cornell ( 197 9), Grinblatt and Titman ( 199 3), Daniel et al. ( 199 7), and Ferson and Khang (2002), and the conditional performance measure of Ferson and Schadt ( 199 6). A recent innovation ... pricing literature. Cochrane ( 199 6) advocates the use of the identity weighting matrix and Hansen and Jagannathan ( 199 7) advocate the use of the inverse of the secon...

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