Routledge Revivals: The Efficiency of New Issue Markets (1992)
Author:   Kyran McStay
Publisher:   Taylor & Francis Ltd
ISBN:  

9781138574922


Pages:   144
Publication Date:   31 October 2019
Format:   Paperback
Availability:   In Print   Availability explained
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Routledge Revivals: The Efficiency of New Issue Markets (1992)


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Overview

First published in 1992, The Efficiency of New Issue Markets provides a comprehensive overview of under-pricing and through this assess the efficiency of new issue markets. The book provides a further theoretical development of the adverse selection model of the new issue market and 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 which demonstrates the importance of distribution in determining relative efficiency.

Full Product Details

Author:   Kyran McStay
Publisher:   Taylor & Francis Ltd
Imprint:   Routledge
Weight:   0.208kg
ISBN:  

9781138574922


ISBN 10:   1138574929
Pages:   144
Publication Date:   31 October 2019
Audience:   College/higher education ,  Professional and scholarly ,  Postgraduate, Research & Scholarly ,  Undergraduate
Format:   Paperback
Publisher's Status:   Active
Availability:   In Print   Availability explained
This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us.

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Kyran McStay

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