Routledge Revivals

Routledge Revivals
By:Kyran McStay
Published on 2017-11-07 by

First published in 1992, The Efficiency of New Issue Markets provides a theoretical discussion of the adverse selection model of the new issue market. It 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 and in turn demonstrates the importance of distribution in determining relative efficiency. The book provides a comprehensive overview of under-pricing and through this assesses the efficiency of new issue markets.

This Book was ranked at 39 by Google Books for keyword markets and efficiency.

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Book which was published by since 2017-11-07 have ISBNs, ISBN 13 Code is 9781138574908 and ISBN 10 Code is 1138574902

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