Essays about: "Asymmetric information and the capital markets"

Found 3 essays containing the words Asymmetric information and the capital markets.

1. 1. What Mechanisms drive the first-day Return of IPOs?

   University essay from Lunds universitet/Nationalekonomiska institutionen

   Author : Anton Lindström; [2019]
   Keywords : IPOs; Asymmetric information; Underpricing; Industry and VC-backing.; Business and Economics;

   Abstract : The mechanisms behind the positive first day market-adjusted return of IPOs on the American and Canadian markets is examined from 2000 through 2018. A set of financial variables is tested as well as the industry-specific effect and the effect of being venture capital backed. READ MORE

3. 2. Leverage Dynamics and Determinants of Private Limited Companies in Sweden and Germany

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Niklas Gallenschuetz; Sabine Gattinger; [2014]
   Keywords : private limited firms; leverage determinants; leverage dynamics; capital structure;

   Abstract : This thesis paper analyzes the determinants and dynamics of leverage of private limited firms in Sweden and Germany during the period from 2004 until 2012. Our results show that leverage ratios of private limited firms are mean-reverting and persistent over longer time periods. READ MORE

4. 3. The effect of changes in credit ratings on equity returns: A study of Nordic companies rated by Moody's and Standard and Poor's

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Thomas Bergh; Olof Lennström; [2006]
   Keywords : Credit ratings; Nordic; Equity; Event study; Cross-sectional;

   Abstract : The link between credit risk and return patterns on equity markets has increasingly become an area of interest. In this thesis we investigate the existence of a systematic relationship between credit ratings, as indicators of credit risks, and abnormal equity returns. READ MORE