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Routledge Revivals: The Efficiency of New Issue Markets (1992) (Hardcover) Loot Price: R2,411

Discovery Miles 24 110

Repayment Terms: R226 pm x 12*

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Routledge Revivals: The Efficiency of New Issue Markets (1992) (Hardcover): Kyran McStay

Routledge Revivals: The Efficiency of New Issue Markets (1992) (Hardcover)

Kyran McStay

Series: Routledge Revivals

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Loot Price R2,411 Discovery Miles 24 110 | Repayment Terms: R226 pm x 12*

Expected to ship within 12 - 17 working days

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First published in 1992, The Efficiency of New Issue Markets provides a theoretical discussion of the adverse selection model of the new issue market. It addresses the hypothesis that the method of distribution of new issues has an important bearing on the efficiency of these markets. In doing this, the book tests the efficiency of the Offer for Sale new issue market, which demonstrates the validity of the adverse selection model and contradicts the monopsony power hypothesis. This examines the relative efficiency of the new issue markets and in turn demonstrates the importance of distribution in determining relative efficiency. The book provides a comprehensive overview of under-pricing and through this assesses the efficiency of new issue markets.

General

Imprint:	Routledge
Country of origin:	United Kingdom
Series:	Routledge Revivals
Release date:	December 2017
First published:	1992
Authors:	Kyran McStay
Dimensions:	234 x 156mm (L x W)
Format:	Hardcover
Pages:	144
ISBN-13:	978-1-138-57490-8
Categories:	Books > Business & Economics > Economics > Econometrics > General Books > Business & Economics > Finance & accounting > Finance > Corporate finance Books > Business & Economics > Finance & accounting > Finance > Investment & securities > General Books > Money & Finance > Corporate finance Books > Money & Finance > Investment & securities > General Promotions
LSN:	1-138-57490-2
Barcode:	9781138574908