The decision to delist from the stock market : theory and empirical evidence of going private /
| Main Authors: | , , |
|---|---|
| Corporate Author: | |
| Format: | eBook |
| Language: | English |
| Published: |
Cham, Switzerland :
Palgrave Macmillan,
[2018]
|
| Subjects: | |
| Online Access: | Connect to the full text of this electronic book |
Table of Contents:
- Intro; Preface; Contents; List of Tables; Chapter 1: Facts, Figures and Theory; 1.1 Introduction; 1.2 Concepts and Definitions; 1.3 Going Private in the US: Regulations and Legislation; 1.4 Why Do Firms Go Private? Theoretical Models; 1.4.1 Information-Based Theories; Adverse Selection; Information Production Cost; Serendipitous Information Production; The Process by Which Information Is Incorporated into the Value of Publicly Traded Shares; The Interaction Between Serendipitous Information and Costly Information
- The Interaction Between Information Content of a Firm's Stock Price, the Amount of Capital Invested in Growth Opportunities, and Their ValueThe Choice Between Public and Private Financing: Some Insights from the Model; The Trade-Off Between Going Public or Remaining Private: A Summary of Scenarios; Empirical Implications and Intuitions for the Going Private Decision; Information Acquisition Costs and the Value of Confidentiality; Implications for the Going Private Decision; Investor Recognition; 1.4.2 Investment Policy; 1.4.3 Access to Capital; 1.4.4 Liquidity
- 1.4.11 PTP Transactions When the Ownership Structure Is Highly ConcentratedReferences; Chapter 2: Leveraged Buyouts, Going Dark and the Change of the Trading Venue; 2.1 Leveraged Buyouts: Introduction; 2.2 Origin, Trends, and Characteristics; 2.3 The Costs and Benefits of LBOs; 2.3.1 Improved Agency Relationships; 2.3.2 Tax Benefits; 2.3.3 Redistribution Theories; 2.3.4 Asymmetric Information and Undervaluation; 2.4 Going Dark: Mechanisms and Motivations; 2.4.1 Motives; 2.5 The Choice to Move from Main Markets to Second Markets; References