Why Has IPO Underpricing Changed Over Time? Tim Loughran and Jay Ritter* lu the l9SOs. the average first-day rcliirn on inilial public offerings (IPOs) was 7%‚ The average firsl-day return doubled to almost I5 ’ ’ ’i during 1990-1998. before jumping to 65% during Ihe internet bubble years of 1999-2000 and then reverting la / i % during 2001-2003. We attribute much of the higher underpricing during the bubble period to a changing issuer objective function. We argue that in the later periods there
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School Board Meeting I recently viewed a taping of a school board meeting. This school board meeting was in the Waterloo Community School District. The meeting was held in the board room at the Education Service Center. This center is located at 1516 Washington Street in Waterloo‚ Iowa. The meeting was held on March 26‚ 2012‚ at 6:00 p.m. The board members that were present were Shanlee McNally‚ Sue Flynn‚ Andrea Sparks‚ and Lyle Schmitt. Also in attendance was President of the
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philosophical issue to its real-life implications. Start this DB by a brief discussion of the metaethical distinction between consequentialist/teleological views and deontological views in relation to the issues in this scenario. Then note how this would make a difference in the possible conclusions one might reach in this example. Now state your conclusion‚ and spend the last 250 or so words arguing for your conclusion by showing how it follows from your original decision regarding a metaethical
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Meg Whitman‚ CEO of eBay Leadership and Organizational Behavior Transaction Leadership Transactional leadership involves motivating and directing followers primarily through appealing to their own self-interest (Hellriegel‚ D.‚ & Slocum‚ J. W‚ Jr. 2009). In this case Meg Whitman’s leadership reflects transaction leadership through the focus on basic management process of controlling‚ organizing and short-term planning. Hellriegel and Slocum mentions Whitman craves for statistics and
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live in Greece. It was very hard for me to decide which city-state to live in. Athens or Sparta? After thinking and going over pros and cons of each city-state‚ I have decided to want to live in Sparta. I choose Sparta because they had a significant military‚ woman had many rights‚ and girls got to participate in sports.Here are the three reasons why. ↓ The first reason why I would rather like to live in Sparta because they had an excellent military. Every man had to work in the military. Sparta’s military
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Giving Back to My Community I dedicate many hours of my time to significant community service activities. Through my participation in such service projects and activities‚ I have learned many valuable lessons about the significance of each individual in the community. As a literacy volunteer‚ I am given the opportunity to see the glow on a mother’s face when she realizes that her son will finally be given the gift of the ability to read. I am given the satisfaction of knowing that my time
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Student loans are an often unnecessary burden of today’s society. There are many reasons to not get into student loans; firstly‚ a student can simply avoid applying prestigious college that they are not able to afford. Secondly‚ many students believe they will graduate in 4 years when often just one in three students end up graduating in 4 years so they must take into account how long it will be before they actually start working. Lastly‚ students usually fall into the trap of believing they’ll be
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prisoners survived the war. Why would the Nazis keep Sobibor a secret? The Nazis would keep it a secret since it was the gruesome of all the concentration camps. Created: 01/17/2017 02:21 PM
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The two strengths that I noticed about the DSM-IV-TR is the fact that it is the standard for psychologist and the 5 axis diagnosis. It is imperative for all psychologists to be aware of the DSM-IV-TR to assist in diagnosing and treating their clients. The DSM-IV-TR will continue to be revised due to technology and the new information received on a daily basis. The manual does not have all the answers‚ but it is the first step to helping your patient. According to Dr. Marszalek the DSM-IV-TR provides
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Giving Voice to Values is a book that is innovative regarding an approach to leadership that is value-driven. The book explains how most people are always looking forward towards performing wholeheartedly at their place of work; however‚ many are the times when they are faced with a conflict of values in their work (Gentile‚ 2012). Therefore‚ at times people are forced to make certain ethical decisions when they are faced with dilemmas. At times people are aware of the right thing and they surely
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