慶應義塾大学学術情報リポジトリ(KOARA)KeiO Associated Repository of Academic resources

慶應義塾大学学術情報リポジトリ(KOARA)

Home  »»  Listing item  »»  Detail

Detail

Item Type Article
ID
AA00260481-19920000-03920146  
Preview
Image
thumbnail  
Caption  
Full text
AA00260481-19920000-03920146.pdf
Type :application/pdf Download
Size :950.5 KB
Last updated :May 7, 2007
Downloads : 1053

Total downloads since May 7, 2007 : 1053
 
Release Date
 
Title
Title Impacts of securities sales on stock prices : the anomalous case of Japanese bank issues  
Kana  
Romanization  
Other Title
Title  
Kana  
Romanization  
Creator
Name Pettway, Richard H.  
Kana  
Romanization  
Affiliation University of Missouri-Columbia:Keio University  
Affiliation (Translated)  
Role  
Link  

Name 金子, 隆  
Kana カネコ, タカシ  
Romanization Kaneko, Takashi  
Affiliation Society of Business and Commerce, Keio University  
Affiliation (Translated)  
Role  
Link  

Name Young, Michael T.  
Kana  
Romanization  
Affiliation University of Delaware  
Affiliation (Translated)  
Role  
Link  
Edition
 
Place
 
Publisher
Name  
Kana  
Romanization  
Date
Issued (from:yyyy) 1992  
Issued (to:yyyy)  
Created (yyyy-mm-dd)  
Updated (yyyy-mm-dd)  
Captured (yyyy-mm-dd)  
Physical description
 
Source Title
Name Keio business review  
Name (Translated)  
Volume 29  
Issue  
Year 1992  
Month  
Start page 129  
End page 143  
ISSN
 
ISBN
 
DOI
URI
JaLCDOI
NII Article ID
 
Ichushi ID
 
Other ID
 
Doctoral dissertation
Dissertation Number  
Date of granted  
Degree name  
Degree grantor  
Abstract
Numerous studies find that shareholders do not gain from securities sales. This study documents a significant exception, new capital offerings by Japanese banks. Market reactions to these sales are significantly positive; however, these issues have two unusual features. First, new convertible bonds and equity shares are simultaneously offered. Second, the issues are often denominated in multiple currencies and sold in multiple countries. Tests indicate that the multiple markets/multiple currencies feature is strongly related to abnormal performance.
 
Table of contents

 
Keyword
securities sales  

Japanese banks  

wealth effects  

stock prices  

bank capital requirement  

equity shares  

convertible bonds  

foreign bond markets  

simultaneous issues  

multiple currencies  

event study  

market model  

unsatisfied clientele  
NDC
 
Note

 
Language
英語  
Type of resource
text  
Genre
Journal Article  
Text version
publisher  
Related DOI
Access conditions

 
Last modified date
May 02, 2024 22:40:41  
Creation date
May 07, 2007 10:57:46  
Registerd by
mediacenter
 
History
 
Index
/ Public / Faculty of Business and Commerce / Keio business review / 29 (1992)
 
Related to