Suchergebnisse

We study the relationship between underwriter prestige, family control, and IPO underpricing in an international setting. Data are collected for 5,789 firms that went public across twenty‐five countries between 1995 and 2002. We find that non‐penny‐stock and non‐U.S. IPOs from countries where firms are predominately family‐controlled benefit from associations with well‐known investment bankers; i.e., these firms are less underpriced than similar firms from countries with a low level of family control. At the same time, our findings support prior evidence that suggests that underwriter prestige is positively related to underpricing in the U.S. IPO market. Family‐controlled firms should consider the findings of this study, which identifies factors that are associated with more successful IPO outcomes.

A comprehensive overview of the Sandinista revolution in Nicaragua, this book offers an interdisciplinary study of the domestic and foreign challenges that faced the Sandinista government during its ten years in power. Based on extensive research in Nicaragua during the revolution, the essays examine important aspects of both the revolution and the U.S.-orchestrated counterrevolution that brought it to an end. After an introduction to the historical background of the revolutionary period, contributors offer an overview of specific groups and institutions within the revolution, such as women, grass-roots organizations, and the armed forces, and provide a balanced assessment of Sandinista public policy and performance in such areas as agrarian reform, health care, education, and housing. The impact and implications of the contra war, financed by the United States, are also analyzed, as well as efforts made over the years to promote a negotiated peace.

The product of research and investigation by a team of sixteen authors, Reagan versus the Sandinistas is the most comprehensive and current study to date of the Reagan administration's mounting campaign to reverse the Sandinista revolution. The authors thoroughly examine all major aspects of Reagan's "low-intensity war," from the U.S. government's attempts at economic destabilization to direct CIA sabotage and the sponsorship of the contras or freedom fighters. They also explore less-public tactics such as electronic penetration, behind-the-scenes manipulation of religious and ethnic tensions, and harassment of U.S. Nicaraguan specialists and "fellow travelers." The book concludes with a consideration of the impact of these activities and their implications for international law, U.S. interests, U.S. polity, and Nicaragua itself. Reagan versus the Sandinistas is designed not only for courses on Latin America, U.S. foreign policy, and international relations, but also for students, scholars, and others interested in understanding one of the most massive, complex efforts--short of direct intervention--organized by the United States to overthrow the government of another country.