Open Access. Powered by Scholars. Published by Universities.®
- Discipline
Articles 1 - 3 of 3
Full-Text Articles in Business
Do U.S. Firms Fly Higher When Bypassing The U.S. Capital Markets? An Investigation Of The Short- And Long-Run Performance Of Foreign Ipos?, Robert N. Killins
Do U.S. Firms Fly Higher When Bypassing The U.S. Capital Markets? An Investigation Of The Short- And Long-Run Performance Of Foreign Ipos?, Robert N. Killins
Theses and Dissertations - UTB/UTPA
This dissertation studies the performance of U.S. firms that partake in a foreign IPO – bypassing their domestic exchanges and raising their equity in a foreign market. Chapter one provides an introduction and brief review of the main research questions and results. Chapter 2 provides a detailed literature review on initial public offerings-IPOs. This includes relevant studies on the long- and short-run performance of IPOs, theories for IPO underpricing and an international component of the IPO literature. Additional cross-listing literature is also reviewed to provide a more complete and balanced understanding of the international market for equity. Chapter 3 develops …
Is Capital Structure Relevant? An Empirical Examination Of Capital Structure Choices, William R. Pratt
Is Capital Structure Relevant? An Empirical Examination Of Capital Structure Choices, William R. Pratt
Theses and Dissertations - UTB/UTPA
Modigliani and Miller propose a scenario in which capital structure becomes irrelevant. To achieve the condition of capital structure irrelevance, Modigliani and Miller have to assume market frictions such as taxes, information asymmetry, and other factors do not exist. With the acknowledgement of such forces, capital structure irrelevance does not hold and we are left with the question “why do firms finance the way that they do?” Within this dissertation I address this very question. Chapters one and two provide an introduction and review of the extant literature. Chapter three examines data over a period of 1970 to 2010, with …
Ownership Variables And Capital Structure: Evidence From Chile, Suad Ghaddar
Ownership Variables And Capital Structure: Evidence From Chile, Suad Ghaddar
Theses and Dissertations - UTB/UTPA
The relationship between ownership structure and capital structure is one of the less understood areas within the corporate finance literature. This study attempts to address this issue within a unique; organizational and institutional framework that may help explain the intricacies of such a relationship. The Chilean corporate scene with its high ownership concentration levels, industrial group structure, and familial control provides a rich testing ground to analyze how ownership variables define a firm's leverage policy.
Research has supported both a positive and a negative relationship between ownership concentration and leverage levels. On the one hand, firms characterized by high levels …