Abstract
Rule 144A of the Securities and Exchange Commission allows financial institutions with more than $100 million invested in securities to trade unregistered privately placed securities freely among themselves. The authors study the behavior of 91 selected issues released during 1988-1993. They compare the performance of the issues with six financial data points: operating income divided by assets; working capital divided by assets; market value of equity divided by assets; sales divided by assets; common equity divided by market value of equity; and earnings coefficient of variation. Predictions of failure and success are made based on these variables.
- © 2002 Pageant Media Ltd
Don’t have access? Click here to request a demo
Alternatively, Call a member of the team to discuss membership options
US and Overseas: +1 646-931-9045
UK: 0207 139 1600
Log in using your username and password
In this issue
Jump to section
Similar Articles
Cited By...
- No citing articles found.