Incentives to underprice

an initial public offering, the choices made by issuers, such as the offer price, might not appear to be wealth maximizing. In this article, we argue that the choices are strategic. Based on the model developed by Barry (1989), we show that the average change in the issuer's wealth (4.52 per cent) is lower than the average loss implied by underpricing (12.09 per cent). Our results support the notion that the choices issuers make at the offering generate a compensatory benefit in the aftermarket. That the issuer may well not suffer a net wealth loss from the offering is in accordance with continued initial public offering activity.

Letter from Lemuel Shaw to Susanna Shaw, January 3, 1797

This single page handwritten letter was sent from Lemuel Shaw to his mother, Susanna, during his freshman year at Harvard. In the letter, he requested that his mother wash and return his dirty laundry and send him clothes, including a pair of overalls, some neck-handkerchiefs, and a new hat. Shaw also asked for money to be sent to pay off his debt of $21.25 to Mr. Richard Hunnewell for board and rent, $18.93 for the previous quarter’s bill, and $1.15 for Mr. Timothy Alden, the College Butler.

Letters from Timothy Pickering to his brother and father, 1797-1798

These two handwritten letters by Timothy Pickering were written on February 14, 1797 and June 14, 1798 to his brother John Pickering and his father Timothy Pickering, respectively. The letter to his brother, John, discusses mutual friends, classmate Thomas Lee, and John’s recent attendance at a sermon by Dr. Joseph Priestley. The letter from Timothy to his father includes a discussion of Timothy’s expenses and the amount of money needed to pay his debts, a request for new shoes for commencement, the news of Timothy’s invitation to join honor society Phi Beta Kappa, and a few comments on his forensics course at Harvard.

A guide to funding resources /

Mode of access: Internet.

Profiteering in a non-profit industry : abusive practices in credit counseling : hearing before the Permanent Subcommittee on Investigations of the Committee on Governmental Affairs, United States Senate, One Hundred Eighth Congress, second session, March 24, 2004.

Shipping list no.: 2005-0006-P.

Mrs. Consumer's dollar; an aid in consumer education,

Mode of access: Internet.

How other people get ahead /

"T. S.S.--23--23"--P. 16.

... Tableau de dépréciation du papier-monnoie : dans le déprtement de la Seine ; calculé sur l'unité de 100 liv. assignats, et 100 liv. mandats ; à partir du premier janvier 1791, (v. st.) jusqu'au premier thermidor, an IV [19 juillet 1796] ; précédé de la loi du 5 messidor [an V = 23 juin 1797], relative aux transactions passées entre particuliers pendant la durée de ladite dépréciation.

Not in Martin & Walter.

Preparing for retirement : who had pension coverage in 1991?

Mode of access: Internet.

Consumer economics.

Bibliographical footnotes.

Johannis Gryphiandri jurisconsulti Oeconomicorum legalium, sive de arte acquirendi & conservandi patrimonii libri duo : in quibus jus civile privatim ad rationes oeconomicas & utilitatem rei familiaris tam in lucris promovendis quàm in damnis avertendis singulari methodo accommodatur.

Includes index.

Improving Millennium Bank's personal finance manager

Double Degree

House Building and Personal Finance-A Study of Salaried Employees in Kerala

School of Management Studies,Cochin University of Science and Technology

Personal finance of gulf-returned Keralites

The study is about the Gulf-returned Keralites and their personal financial planning during the Gulf-period. The researcher has examined the nature of their income, expenditure, savings and investments during the Gulf-period and after their return. Even though the Gulf-returned Keralites had remitted huge amounts to Kerala, it appears that the majority of them are struggling hard to make both ends meet. The sample consists of 318 Gulf-returned Keralites selected by employing stratified random sampling technique, from 5 districts. After a pilot study, the data was collected through personal interviews using a structured schedule. In order to find out whether the respondents had personal financial planning during the Gulf-period, the researcher has evaluated 15 elements of personal financeusing a five-point-scale rating technique. The hypotheses were tested using correlation, t-test, chi-square and ANOVA, through SPSS.