The Pricing of Underwriting Services in the Australian Capital Market

The Pricing of Underwriting Services in the Australian Capital Market
Author: Julian Yeo
Publisher:
Total Pages: 37
Release: 2011
Genre:
ISBN:

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Recent media releases have placed enormous strains on the credibility of the underwriting industry. It has been alleged that underwriters in the US and UK collude and fix underwriting fees. In contrast to recent evidence on the underwriting spread in the US (Chen and Ritter, 2000), we find that the Australian underwriting fee is not clustered at one particular percentage. Using 282 underwritten industrial IPOs from 1980 to 1996, our results show that underwriters systematically price their services according to firm-specific variables such as the offer size, the subscription period of the issue, the retained ownership after the IPO, the offer price, and whether underwriters receive options as part of their compensation.

Fundamentals of Corporate Finance

Fundamentals of Corporate Finance
Author: Jonathon Berk
Publisher: Pearson Higher Education AU
Total Pages: 769
Release: 2013-12-02
Genre: Business & Economics
ISBN: 1442564644

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Core concepts. Contemporary ideas. Outstanding, innovative resources. To succeed in your business studies, you will need to master core finance concepts and learn to identify and solve many business problems. Learning to apply financial metrics and value creation as inputs to decision making is a critical skill in any kind of organisation. Fundamentals of Corporate Finance shows you how to do just that. Berk presents the fundamentals of business finance using the Valuation Principle as a clear, unifying framework. Throughout the text, its many applications use familiar Australian examples and makes consistent use of real-world data. This Australian adaptation of the highly successful US text Fundamentals of Corporate Finance features a high-calibre author team of respected academics. The second edition builds on the strengths of the first edition, and incorporates updated figures, tables and facts to reflect key developments in the field of finance. For corporate finance or financial management students, at undergraduate or post-graduate level.

Underwriting Services and the New Issues Market

Underwriting Services and the New Issues Market
Author: George J. Papaioannou
Publisher: Academic Press
Total Pages: 334
Release: 2017-07-27
Genre: Business & Economics
ISBN: 0128032839

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Underwriting Services and the New Issues Market integrates practice, theory and evidence from the global underwriting industry to present a comprehensive description and analysis of underwriting practices. After covering the regulation and mechanics of the underwriting process, it considers economic topics such as underwriting costs and compensation, the pricing of new issues, the stock price and operating performance of issuing firms, the evaluation of new issue decisions, and an analysis of the many choices issuers face in structuring new issues. Unlike other books, it systematically develops a critical perspective about underwriting practices, both in the U.S. and international markets, and with a level of detail unavailable elsewhere and an approach that reveals how financial institutions deliver underwriting services. Underwriting Services and the New Issues Market delivers an innovative and long overdue look at security issuance. Foreword by Frank Fabozzi Covers underwriting contracts and arrangements on pricing and costs Focuses on the financial consequences of the issuance decision for the firm Describes and evaluates decisions regarding the features and structure of new security offerings.

Social and Ethical Implications of AI in Finance for Sustainability

Social and Ethical Implications of AI in Finance for Sustainability
Author: Derbali, Abdelkader Mohamed Sghaier
Publisher: IGI Global
Total Pages: 389
Release: 2024-04-22
Genre: Business & Economics
ISBN:

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The crucial challenge of integrating sustainability into business and investment decisions is compounded by the complexity of analyzing vast and intricate datasets to make informed choices. Traditional approaches often fail to provide timely and accurate insights into environmental, social, and governance (ESG) factors, hindering progress toward a greener future. Additionally, the rapid evolution of AI and machine learning in finance has left many professionals needing help to grasp their full potential in advancing sustainability goals. With a comprehensive understanding and practical guidance, organizations can stay caught up in adopting sustainable practices and leveraging AI for financial and environmental benefits. Social and Ethical Implications of AI in Finance for Sustainability offers a timely and comprehensive solution to these challenges by thoroughly examining how AI can safely enhance sustainability in finance. The book bridges the gap between theory and practice, offering practical insights and real-world applications to empower academics, practitioners, policymakers, and students. Through a series of expertly curated chapters, readers will gain a deep understanding of the role AI plays in reshaping finance for a sustainable future. The book's instructional elements, including case studies and expert analysis, provide a roadmap for incorporating AI into sustainability strategies, enabling organizations to make informed decisions and drive positive change.

The Australian Capital Market

The Australian Capital Market
Author: Ronald Robert Hirst
Publisher: Melbourne : Cheshire
Total Pages: 580
Release: 1974
Genre: Business & Economics
ISBN:

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Introduction to Corporate Finance: Asia-Pacific Edition with Online Stud Y Tools 12 Months

Introduction to Corporate Finance: Asia-Pacific Edition with Online Stud Y Tools 12 Months
Author: John R. Graham
Publisher: Cengage AU
Total Pages: 888
Release: 2016-08-09
Genre: Business & Economics
ISBN: 017036433X

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Introduction to Corporate Finance offers a dynamic, modern and practical approach that illustrates how financial management really works. It features up-to-date content including the impact of the Global Financial Crisis and capital budgeting. Introduction to Corporate Finance is distinguished by the cash-flow 'arc' of the narrative, which gives a practical learning path, and the use of real options, which is a practical analysis tool that is used in corporate finance. Students are thus provided with the most engaging and contemporary learning path of any Australian text, giving them realistic preparation for a career in finance. The strong five part framework of the book is supported by integrated online elements and easy-to-read text.

Business Institutions and Behaviour in Australia

Business Institutions and Behaviour in Australia
Author: David Merrett
Publisher: Routledge
Total Pages: 172
Release: 2013-10-18
Genre: History
ISBN: 1135300372

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This study of Australian business institutions and practices places the rise of big business in Australia in a comparative context through a study of its 100 largest firms in the first six and a half decades of the 20th century. Unlike many of the wealthy economies of the northern hemisphere, Australia's lists of the 100 largest firms were dominated up to World War II by those from the resource and service industries. The high levels of foreign direct investment in the resources and manufacturing industries is also highlighted. Other chapters employ 21st-century theories of the firm to explore business behaviour in more depth.

The English Capital Market

The English Capital Market
Author: Frederick Lavington
Publisher:
Total Pages: 328
Release: 1921
Genre: Banks and banking
ISBN:

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Australia: Doing Business and Investing in Australia Guide Volume 1 Strategic, Practical Information, Regulations, Contacts

Australia: Doing Business and Investing in Australia Guide Volume 1 Strategic, Practical Information, Regulations, Contacts
Author: IBP, Inc.
Publisher: Lulu.com
Total Pages: 307
Release: 2019-02-06
Genre: Business & Economics
ISBN: 1514526042

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Australia: Doing Business and Investing in ... Guide Volume 1 Strategic, Practical Information, Regulations, Contacts