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Recursos bibliográficos en papel y digitales -
- libros, artículos de revistas,
ponencias de eventos, etc. -
» Resultado: 3 registros
| Registro 1 de 3 | |
| Autor: | Pagano, Marco - Panetta, Fabio - Zingales, Luigi - |
| Título: | Why Do Companies Go Public? An Empirical Analysis |
| Fuente: | Journal of Finance. v.53, n.1. American Finance Association |
| Páginas: | pp. 27-64 |
| Año: | Feb. 1998 |
| Resumen: | Using a large database of private firms in Italy, the authors analyze the determinants of initial public offerings (IPOs) by comparing the ex ante and ex post characteristics of IPOs with those of private firms. The likelihood of an IPO is increasing in the company’s size and the industry’s market-to-book ratio. Companies appear to go public not to finance future investments and growth but to rebalance their accounts after high investment and growth. IPOs are also followed by lower cost of credit and increased turnover in control. |
| Solicitar por: | HEMEROTECA J + datos de Fuente |
| Registro 2 de 3 | |
| Autor: | Pagano, Marco - Roell, Ailsa |
| Título: | Transparency and Liquidity: A Comparison of Auction and Dealer Markets with Informed Trading |
| Fuente: | Journal of Finance. v.51, n.2. American Finance Association |
| Páginas: | pp. 579-611 |
| Año: | June 1996 |
| Resumen: | Trading systems differ in their degree of transparency, here defined as the extent to which marketmakers can observe the size and direction of the current order flow. The authors investigate whether greater transparency enhances market liquidity by reducing the opportunities for taking advantage of uninformed participants. They compare the price formation process in several stylized trading systems with different degrees of transparency: various types of auction markets and a stylized dealer market. The authors find that greater transparency generates lower trading costs for uninformed traders on average, although not necessarily for every size of trade. |
| Solicitar por: | HEMEROTECA J + datos de Fuente |
| Registro 3 de 3 | |
| Autor: | Jappelli, Tullio - Pagano, Marco - |
| Título: | Consumption and Capital Market Imperfections: An International Comparison |
| Fuente: | American Economic Review. v.79, n.5. American Economic Association |
| Páginas: | pp. 1088-1105 |
| Año: | Dec. 1989 |
| Resumen: | The excess sensitivity of consumption to current income fluctuations is higher in countries where consumers borrow less. Low levels of consumer debt can result either from capital market imperfections or from a low demand for loans. The evidence suggests that the former view is more appropriate than the latter, and thus supports the hypothesis that excess sensitivity may be attributed to liquidity constraints, rather than to other factors. |
| Solicitar por: | HEMEROTECA A + datos de Fuente |
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