Search

Your search keyword '"Bigelli, Marco"' showing total 3 results
Start Over Author "Bigelli, Marco" Topic investors
3 results on '"Bigelli, Marco"'

2. Eastward Enlargement: privatization in MEEC

Author

BIGELLI, MARCO, GHINI, GIANLUCA, Bigelli M., and G. Ghini

Subjects
INVESTORS, CORPORATE GOVERNANCE, MEBO, EASTERN EUROPE, PRIVATIZATION
Abstract

This paper tries to offer a review of the literature on the main privatisation methods adopted by the Central and East European Countries which have joined European Union in 2004. After having analysed the major advantages and shortcomes of each privatisation method the paper briefly describes the privatisation processes adopted by each single country.

Published
2005

3. Changes in Management Ownership and the Valuation Effects of Equity Offerings.

Author

Bigelli, Marco, Mehrotra, Vikas, Morck, Randall, and Yu, Wayne

Subjects
STOCK prices, BUSINESS enterprises, INVESTORS, PROPERTY, GOING public (Securities), ASSETS (Accounting), STATISTICS
Abstract

Seasoned equity issues trigger share price declines, and this is usually interpreted as evidence of signalling. We find that seasoned equity issues also typically result in much lower managerial ownership in U.S. firms. Jensen and Meckling (1976) predict a stock price decline when managerial ownership falls. We conduct several tests to distinguish agency explanations form signalling explanations, and conclude that both effects are present. [ABSTRACT FROM AUTHOR]

Published
1998
Full Text
View/download PDF

Catalog

Books, media, physical & digital resources
See catalog results