The Role of Insider Influence in Mutual-to-Stock Conversions

Simple item page
dc.contributor.authorKenneth, Carow A.
dc.contributor.authorCox, Steven R.
dc.contributor.authorRoden, Dianne M.
dc.date.accessioned2010-04-26T16:12:25Z
dc.date.available2010-04-26T16:12:25Z
dc.date.issued2007
dc.description.abstractUsing a sample of 347 demutualizing thrifts from 1991 to 2004, we show that the level of inside participation is not a traditional signal of firm performance. We conclude that unanticipated inside participation reflects the incentives of insiders to reduce the size of the offer to influence the level of expected IPO returns. We find unanticipated inside participation is related to lower offer size and higher initial returns, but we do not find a relationship between inside participation and post-IPO performance.
dc.identifier.citation"The Role of Insider Influence in Mutual-to-Stock Conversions," co-authored with Kenneth Carow and Steven Cox, Journal of Money, Credit, and Banking, vol 39, 2007: 1285-1304.*
dc.identifier.urihttps://hdl.handle.net/2022/6918
dc.language.isoen_US
dc.publisherWiley-Blackwell Publishint, Ltd.
dc.relation.isversionofhttp://www3.interscience.wiley.com/cgi-bin/fulltext/118531494/PDFSTART
dc.subjectIPO
dc.subjectInsider Influence
dc.subjectThrifts
dc.titleThe Role of Insider Influence in Mutual-to-Stock Conversions
dc.typeArticle

Files

Original bundle

Now showing 1 - 1 of 1
Thumbnail Image
Name:
Role_of_Insider_Influence.pdf
Size:
166.1 KB
Format:
Adobe Portable Document Format
Description:
The Role of Insider Influence in Mutual-to-Stock Conversions
Download

Collections

Dianne M. Roden
Can’t use the file because of accessibility barriers? Contact us