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Portfolio and Security Analysis

Articles 1 - 13 of 13

Full-Text Articles in Finance and Financial Management

Family Life Cycle & Money Management Model, Francis Koh, Thomas Tan, Jin K. Han Mar 2012

Family Life Cycle & Money Management Model, Francis Koh, Thomas Tan, Jin K. Han

Francis Koh

No abstract provided.


Investing In Asian Hedge Funds: An Introduction, Francis Koh, Winston T. H. Koh Mar 2012

Investing In Asian Hedge Funds: An Introduction, Francis Koh, Winston T. H. Koh

Francis Koh

No abstract provided.


Corporate Divestitures And Spinoffs In Singapore, Francis Koh, Winston T. H. Koh, Benedict S. K. Koh Mar 2012

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. …


An Empirical Test Of The Law Of One Price, Francis Koh, Kok Fai Phoon Mar 2012

An Empirical Test Of The Law Of One Price, Francis Koh, Kok Fai Phoon

Francis Koh

No abstract provided.


Initial Public Offerings: Underpricing, Allocation Process And Subscription Rate Of Government-Linked Companies, Francis Koh, Joseph Lim, P. Tham Mar 2012

Initial Public Offerings: Underpricing, Allocation Process And Subscription Rate Of Government-Linked Companies, Francis Koh, Joseph Lim, P. Tham

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 Mar 2012

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.


Allocation Patterns Of New Issues In Singapore, Francis Koh, Terry Walter Mar 2012

Allocation Patterns Of New Issues In Singapore, Francis Koh, Terry Walter

Francis Koh

No abstract provided.


Investing In Private Equity: Pitfalls And Best Practices, Francis Koh, Kim Song Tan, Yiu Kuen Tse Mar 2012

Investing In Private Equity: Pitfalls And Best Practices, Francis Koh, Kim Song Tan, Yiu Kuen Tse

Francis Koh

No abstract provided.


Initial Public Offerings: A Test Of Market Sentiments, Francis Koh, Young Sain, Joseph Lim, P. Tham Mar 2012

Initial Public Offerings: A Test Of Market Sentiments, Francis Koh, Young Sain, Joseph Lim, P. Tham

Francis Koh

No abstract provided.


Qep And Bank Liquidity Creation: Evidence From Japan, Elisabeta Pana Dec 2011

Qep And Bank Liquidity Creation: Evidence From Japan, Elisabeta Pana

Elisabeta Pana

The 2001-2006 Japanese quantitative easing policy (QEP) represents the most prominent example of unconventional monetary policy used prior to the recent financial crisis. This paper contributes to the current debate over the effectiveness of Japan’s QEP by documenting the changes in absolute amount of liquidity created by Japanese banks during the period of 2001-2007. Using the liquidity creation measure developed by Berger and Bouwman (2009), we document the impact of macroeconomic factors and bank characteristic on liquidity creation. The analysis is conducted in a multivariate dynamic panel regression framework using a dataset comprised of 120 Japanese banks containing balance sheet …


Commercial Real Estate Concentrations, Elisabeta Pana Dec 2009

Commercial Real Estate Concentrations, Elisabeta Pana

Elisabeta Pana

No abstract provided.


The Impact Of Bank Mergers On Liquidity Creation, Elisabeta Pana, Jin Park, Tim Query Dec 2009

The Impact Of Bank Mergers On Liquidity Creation, Elisabeta Pana, Jin Park, Tim Query

Elisabeta Pana

No abstract provided.


Credit Unions As Liquidity Creators, Elisabeta Pana, Tarun Mukherjee Dec 2009

Credit Unions As Liquidity Creators, Elisabeta Pana, Tarun Mukherjee

Elisabeta Pana

No abstract provided.