Underwriting Services and the New Issues Market

ISBN-13: 9780128032824 / Angielski / Twarda / 2017 / 332 str.

Papaioannou, George J. (Distinguished Professor Emeritus (Finance) and Adjunct Professor, Hofstra University, Hempstead,

Recenzje

"Underwriting Services and the New Issues Market is structured to follow the phases of the issuance process, presenting both the activities and decisions that issuers and investment bankers have to execute to facilitate the issuance of securities as well as the theoretical arguments and research findings that shed light on the consequences and the efficacy of the practices applied." --Frank J. Fabozzi, EDHEC Business School and Editor of The Journal of Portfolio Management, from the Foreword

"This text will be a very valuable reference for both students and practitioners interested in this complex and dynamic market. The authors have done an impressive job of succinctly distilling an enormous literature." --Jarl G. Kallberg, Washington State University

"This is an excellent book because it achieves a fine balance between rigor and lucidity. It will serve very well as a textbook for graduate students as well as a reference work for practitioners." --Edmund H. Mantell, Pace University

"Underwriting Services and the New Issues Market is an excellent blend of theory and practice on the global underwriting industry. Concise yet comprehensive, this book thoroughly covers the mechanism, theoretical foundation, and empirical evidence on various aspects of the security issuance procedure." --Keng-Yu Ho, National Taiwan University

Spis treści

1. The Underwriting Business: Functions, Organization and Structure2. The New Issues Markets3. Regulation of the New Issues Market in the U.S.4. The Mechanics of the Issuance Process5. Aftermarket Underwriting Activities6. Underwriting Costs and Compensation7. Alternative Offering Methods in New Issues Markets8. Assessing the Price Performance of New Issues9. Theories of New Issue Pricing10. The Price and Operating Performance of Initial Public Offerings11. The Price and Operating Performance of Seasoned Equity Offers, Debt Offers, and Other Offerings12. The Empirical Evidence on Underwriting Spreads13. International Offers: Mechanics and Evidence14. The Decision to Issue Securities15. Structuring Securities Offerings16. New Issue Decisions: The Underwriter, Syndicate, Auditor and Legal Counsel