Price discounts in rights issues: why do managers insist on what investors hate?
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DOI: 10.1108/ebr-02-2016-0036
Abstract: We analyse the causes and impact of the significant mean price discounts (25% for financial and 29% for non-financial firms) in rights issues in the UK using a sample of 264 observations for the period… read more here.
Keywords: price discounts; managers insist; price; issues managers ... See more keywords
Price Search and Periodic Price Discounts
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DOI: 10.2139/ssrn.2815073
Abstract: This paper empirically investigates the interplay between buyer search behavior and firm pricing strategy in a commodity market where many firms price compete to sell homogeneous products. We use the heterogeneity in buyers’ search costs… read more here.
Keywords: price discounts; search model; search; periodic price ... See more keywords