Overview
First published in 1992, The Efficiency of New Issue Markets provides a comprehensive overview of under-pricing and through this assess the efficiency of new issue markets. The book provides a further theoretical development of the adverse selection model of the new issue market and addresses the hypothesis that the method of distribution of new issues has an important bearing on the efficiency of these markets. In doing this, the book tests the efficiency of the Offer for Sale new issue market, which demonstrates the validity of the adverse selection model and contradicts the monopsony power hypothesis. This examines the relative efficiency of the new issue markets which demonstrates the importance of distribution in determining relative efficiency.
This book title, Routledge Revivals: The Efficiency of New Issue Markets (1992) - 9781138574922, ISBN: 9781138574922, by Kyran McStay, published by Taylor & Francis (October 31, 2019) is available in paperback. Our minimum order quantity is 25 copies. All standard bulk book orders ship FREE in the continental USA and delivered in 4-10 business days.
Unlike Amazon and other retailers who may also offer Routledge Revivals: The Efficiency of New Issue Markets (1992) - 9781138574922 books on their website, we specialize in large quantities and provide personal service, from trusted, experienced, friendly people in Portland, Oregon. We offer a Price Match Guarantee, and QuickQuote form, to make purchasing quick and easy.
Prefer to work with a human being when you order Routledge Revivals: The Efficiency of New Issue Markets (1992) - 9781138574922 books in bulk? Our Book Specialists are standing by Monday-Friday 8-5 PST, ready to help!