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OverviewThis volume focuses on recent pricing puzzles in investments. The valuation of Internet companies, effects of firm size in takeover studies, and long-run performance of mergers in the telecommunications industry are all seen as riddles for the Efficient Markets Hypothesis. Explanations may be found in studies of the effects of differences in investor risk/return preferences, information and liquidity. Also featured are studies describing recent innovations in corporate finance, such as an experimental study of discount rates, an analysis of issues related to the estimation of internal cash flows, corporate payout policy, and the use of convertible and warrant bonds by Japanese firms. Full Product DetailsAuthor: Mark Hirschey , Kose John , Anil K. MakhijaPublisher: Emerald Publishing Limited Imprint: JAI Press Inc. Volume: 7 Dimensions: Width: 15.60cm , Height: 1.40cm , Length: 23.40cm Weight: 0.488kg ISBN: 9780762308972ISBN 10: 0762308974 Pages: 220 Publication Date: 09 August 2002 Audience: Professional and scholarly , Professional & Vocational Format: Hardback Publisher's Status: Active Availability: In Print 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. Table of ContentsValuation of internet companies: a survey of the evidence (P.Jansen, E. Perotti). Decisions in financial economics: an experimental study of discount rates (U. Benzion, J. Yagil). Institutional ownership, information, and liquidity (W.W. Jennings, K. Schnatterly, P.J. Seguin). Internal cash flows and corporate investment decisions (R. Aggarwal, S. Zong). Preferences on relative return: a potential explanation for some pricing anomalies (B. Lauterbach, H. Reisman). Capital market efficiency and its implications for the investor: a case of a superior product mismarketed (J.F. Gaski). How different is the long-run performance of mergers in the telecommunications industry? (S.P. Ferris, K. Park). Takeover studies: take note of the size and age of firms in your sample (V. Gondhalekar). Dividend smoothing and the cross-sectional determinants of corporate payout policy (G.S. Bhabra, J. Jeong, J.G. Powell). The usage of convertible and warrant bonds by Japanese firms: risk-shifting or the delayed issuance of equity? (S.P. Ferris et al.).Reviews...Ten papers address issues in investment and corporate finance. Journal of Economic Literature Author InformationTab Content 6Author Website:Countries AvailableAll regions |