Graded Homework Two
1) What are the estimates from the market model for alpha and beta for each of the
6 securities /events?
Intergra Bnak Corp 77181
Bank Granite Corp 16644
Tempur Pedic international Inc 89971
Carnival Corp 75
1. What was the date of the announcement of the rights offer? Provide the headline of the
article (or articles) with this information.
Date:6 June 1991
Headline: Time Warner Said to Consider Plan to Pay Debt - Rights Offering Is Expected
To Be Disclosed T
Why do the authors focus on active vultures or vulture investors who become CEO or
Chairman of the Board (CB)?
Because active vultures or investors who become CEO or chairman of the Board will
increase the post-restructuring performance of the company. Fr
To test Rocks theory, Ritter introduced risk proxy into the model. Ritter use two measures of
risk, one based upon ex ante observable accounting information and the other one based upon ex
post stock market returns.
Ritter classified firms into several ri
2. Causes of a changing issuer objective function
2.1 Why underwriters want to underprice IPOs
2.2 The analyst lust explanation of underpricing
2.3 The corruption explanation of underpricing
Allen has already show us three hypothesizes, now im goi
2. literature review
In recent years, domestic and foreign scholars have conducted a wide range of research on
pension fund, cross border and their relationship from different angles, and results from
studies are quite different. This section focuses on t