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2011年6月大学英语六级(CET-6)真题作文Certificate Craze(打印版)(精心整理)【强烈推荐】.doc
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Criticism on the British Money Craze and the ....pdf
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Craze initiation in glassy polymer systems - Materials Technology.pdf
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THE CHAPLIN CRAZE - White Rose Etheses Online.pdf
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英语口语教程第一册Unit 17 The Digital Craze.pptx
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Signaling in the Internet Craze of Initial Public - York University.pdf
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Signalling in the Internet Craze of Initial Public Offerings.pdf
- In this paper we analyze the clustering phenomenon of underpricing in initial public of- ferings (IPOs), where rms in a particular industry choose to issue their new shares at the same time and at great discounts. The industry consists of many rms that have private in- formation about their own qualities (high or low) and that must raise external capital rst before production. In the product market, rms compete through quality ladders, where each high-quality rm monopolizes the production of a particular variety of product. We show that self-ful lling multiple equilibria arise. In one, no rm underprices the IPO. In the other, all high-quality rms underprice their IPOs, resulting in clustering. Moreover, the clustering is more likely to occur in economic upturns than in downturns, and in an easy credit market than in a tight market.
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Signalling in the Internet Craze of Initial Public Offerings.pdf
- In this paper we explain why many rms in particular industries, like the Internet industry in 1999, underprice new shares in initial public oerings (IPOs) and cause large subsequent gains in share prices. This clustering of underpriced IPOs is a self-ful lling phenomenon, which arises when rms use IPOs to signal their quality and when the industry´s product demand is susceptible to the industry´s publicity created by IPO performances. When other rms are expected to underprice IPO, the industry´s publicity is great and low-quality rms´ temptation to mimic is strong, in which case a high-quality rm must underprice in order to separate itself out. When other rms are expected to not underprice, however, the industry´s publicity is low and low-quality rms´ temptation to mimic is weak, in which case a high- quality rm can signal its quality successfully by reducing the number of issues in IPO instead of underpricing. Thus, the clustering of price gains in new sha
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Chelle C Craze - [Blue 01] - Just Breathe (epub).epub
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向豆丁求助：有没有Craze?
