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Full-Text Articles in Finance and Financial Management
The Effect Of Treasury Auction Announcements On Interest Rates: 1990-1999, James J. Forest
The Effect Of Treasury Auction Announcements On Interest Rates: 1990-1999, James J. Forest
James J Forest
In this study we examine the secondary-market response of U.S. Treasury interest rates to both the release of pre-auction auction supply announcements and post-auction details from U.S. Treasury auctions during the period of the 1990s. Rate changes are found to differ significantly on auction days. Pre-auction announcements of auction volumes are shown to affect rates significantly, in contrast with the findings of Wachtel and Young (1987) with respect to deficit announcements. We find that surprises in the release of bid-to-cover ratios affect Treasury rates significantly, while the surprises in the volume of noncompetitive bids appears to have little affect on …
Corporate Divestitures And Spinoffs In Singapore, Francis Koh, Winston T. H. Koh, Benedict S. K. Koh
Corporate Divestitures And Spinoffs In Singapore, Francis Koh, Winston T. H. Koh, Benedict S. K. Koh
Francis Koh
This paper discusses the different forms of corporate divestitures, the motives for this corporate activity, and the empirical findings about their economic outcomes. A sample of corporate divestitures is also used to identify the main motivations in the Singapore context. We conclude that divestitures are carried out to achieve operational efficiency and gain incremental profitability and liquidity. Using share price data around the event-dates, we show that announcements of divestitures generally lead to significant increases in the returns of the parent company. The positive abnormal returns are related to the relative size of the divestitures and the computed accounting gains. …
Marketing Timing Abilities Of Investment Managers In Singapore, Francis Koh, Kok Fai Phoon, C. H. Tan
Marketing Timing Abilities Of Investment Managers In Singapore, Francis Koh, Kok Fai Phoon, C. H. Tan
Francis Koh
No abstract provided.
The Risk And Price Performance Of New Equity Issues In Singapore, Francis Koh, Simon Tee
The Risk And Price Performance Of New Equity Issues In Singapore, Francis Koh, Simon Tee
Francis Koh
No abstract provided.
The Growth Of Singapore Companies, Francis Koh, W. Kwok
The Growth Of Singapore Companies, Francis Koh, W. Kwok
Francis Koh
No abstract provided.
Initial Public Offerings: Underpricing, Allocation Process And Subscription Rate Of Government-Linked Companies, Francis Koh, Joseph Lim, P. Tham
Initial Public Offerings: Underpricing, Allocation Process And Subscription Rate Of Government-Linked Companies, Francis Koh, Joseph Lim, P. Tham
Francis Koh
No abstract provided.
Capital Structure Behaviour Of Firms In Singapore: An Empirical Analysis, Francis Koh, Kok Fai Phoon
Capital Structure Behaviour Of Firms In Singapore: An Empirical Analysis, Francis Koh, Kok Fai Phoon
Francis Koh
No abstract provided.
Empirical Analysis Of The Investor Sentiment Explanation Of Discounts In Closed-End Funds, Francis Koh, Kok Fai Phoon, R. Oh
Empirical Analysis Of The Investor Sentiment Explanation Of Discounts In Closed-End Funds, Francis Koh, Kok Fai Phoon, R. Oh
Francis Koh
No abstract provided.
Initial Public Offerings: A Test Of Market Sentiments, Francis Koh, Young Sain, Joseph Lim, P. Tham
Initial Public Offerings: A Test Of Market Sentiments, Francis Koh, Young Sain, Joseph Lim, P. Tham
Francis Koh
No abstract provided.
The Value Of Domestic Subsidy Rules In Trade Agreements, Daniel Brou, Edoardo Campanella, Michele Ruta
The Value Of Domestic Subsidy Rules In Trade Agreements, Daniel Brou, Edoardo Campanella, Michele Ruta
Daniel Brou
No abstract provided.