Zeljko Sevic | Sohar University (original) (raw)
Papers by Zeljko Sevic
Managerial Finance, 2010
ABSTRACT Purpose – The purpose of this paper is to perform an exploratory study of depositary rec... more ABSTRACT Purpose – The purpose of this paper is to perform an exploratory study of depositary receipts (DRs). In addition to the geographical analysis it test several hypothesis linked to various DRs’ issues. Design/methodology/approach – Using the publicly available The Bank of New York's (now The Bank of New York Mellon) database, descriptive statistics and logit analysis were applied. Findings – It is evident that smaller firms issue DRs in lower level programs apparently due to the considerable cost barriers; firms with larger capital expenditure plans prefer to issue under level III or Rule 144A DR programs and higher quality firms, proxied by lower leverage, are likely to make higher-level DR issues. Research limitations/implications – The database is updated quite frequently and departures from enclosed findings are likely to occur in the years to come. Practical implications – Management interested in issuing DRs may become acquainted with the pattern exercised by both small and large companies, or by companies with specific capital structures. In this manner the listing demonstrates less uncertainty as long as it is possible for managers to ascertain and compare own companies’ features. Originality/value – The paper adds to the current literature regarding in-depth analysis of the DRs market.
Sheffield, …, Jan 1, 2005
Sign up to the Greenleaf Newsletter to receive special offers and new title alerts. ... Enter you... more Sign up to the Greenleaf Newsletter to receive special offers and new title alerts. ... Enter your email address in the box below. ... Please note these are approximate times and do not allow for public holidays. ... If you have purchased a digital product (eg an article in PDF ...
MOCT-MOST: Economic Policy in Transitional …, Jan 1, 2000
Stabilization of Local Government, Budapest: Local …, Jan 1, 2001
Management, Jan 1, 2005
Page 1. Measuring performance on a local government level in a transitional country: the case of ... more Page 1. Measuring performance on a local government level in a transitional country: the case of Serbia Zˇeljko evic The Business School, University of Greenwich, London, UK Abstract Purpose The paper seeks to discuss ...
Managerial Finance, Jan 1, 2005
Since the early 1980s when the term 'emerging markets' was first coined by the ... more Since the early 1980s when the term 'emerging markets' was first coined by the IMF and World Bank to describe the performance in countries with changing institutional framework, the theory has failed to produce a coherent and systemic theory. Overtime the term became generic, ...
Economic Systems, Jan 1, 1998
Journal of Multinational Financial …, Jan 1, 2005
Extant research has also documented the relatively inferior legal and political environment for g... more Extant research has also documented the relatively inferior legal and political environment for governance that obtains in several emerging market countries. When firms from emerging markets cross-list their equity in major international markets they have to mandatorily improve their ...
… Cultural Management: An …, Jan 1, 2005
The world's most popular country, China, implemented the open door policy in 1979. Since... more The world's most popular country, China, implemented the open door policy in 1979. Since then China has been gradually opening up her economy to attract for-eign investments. Recently, China's World Trade Organization (WTO) entry has boosted its economic ...
Civil service systems in Central and …, Jan 1, 1999
Public Finance, Bratislava: NISPAcee, Jan 1, 1997
Managerial Finance, 2010
ABSTRACT Purpose – The purpose of this paper is to perform an exploratory study of depositary rec... more ABSTRACT Purpose – The purpose of this paper is to perform an exploratory study of depositary receipts (DRs). In addition to the geographical analysis it test several hypothesis linked to various DRs’ issues. Design/methodology/approach – Using the publicly available The Bank of New York's (now The Bank of New York Mellon) database, descriptive statistics and logit analysis were applied. Findings – It is evident that smaller firms issue DRs in lower level programs apparently due to the considerable cost barriers; firms with larger capital expenditure plans prefer to issue under level III or Rule 144A DR programs and higher quality firms, proxied by lower leverage, are likely to make higher-level DR issues. Research limitations/implications – The database is updated quite frequently and departures from enclosed findings are likely to occur in the years to come. Practical implications – Management interested in issuing DRs may become acquainted with the pattern exercised by both small and large companies, or by companies with specific capital structures. In this manner the listing demonstrates less uncertainty as long as it is possible for managers to ascertain and compare own companies’ features. Originality/value – The paper adds to the current literature regarding in-depth analysis of the DRs market.
Sheffield, …, Jan 1, 2005
Sign up to the Greenleaf Newsletter to receive special offers and new title alerts. ... Enter you... more Sign up to the Greenleaf Newsletter to receive special offers and new title alerts. ... Enter your email address in the box below. ... Please note these are approximate times and do not allow for public holidays. ... If you have purchased a digital product (eg an article in PDF ...
MOCT-MOST: Economic Policy in Transitional …, Jan 1, 2000
Stabilization of Local Government, Budapest: Local …, Jan 1, 2001
Management, Jan 1, 2005
Page 1. Measuring performance on a local government level in a transitional country: the case of ... more Page 1. Measuring performance on a local government level in a transitional country: the case of Serbia Zˇeljko evic The Business School, University of Greenwich, London, UK Abstract Purpose The paper seeks to discuss ...
Managerial Finance, Jan 1, 2005
Since the early 1980s when the term 'emerging markets' was first coined by the ... more Since the early 1980s when the term 'emerging markets' was first coined by the IMF and World Bank to describe the performance in countries with changing institutional framework, the theory has failed to produce a coherent and systemic theory. Overtime the term became generic, ...
Economic Systems, Jan 1, 1998
Journal of Multinational Financial …, Jan 1, 2005
Extant research has also documented the relatively inferior legal and political environment for g... more Extant research has also documented the relatively inferior legal and political environment for governance that obtains in several emerging market countries. When firms from emerging markets cross-list their equity in major international markets they have to mandatorily improve their ...
… Cultural Management: An …, Jan 1, 2005
The world's most popular country, China, implemented the open door policy in 1979. Since... more The world's most popular country, China, implemented the open door policy in 1979. Since then China has been gradually opening up her economy to attract for-eign investments. Recently, China's World Trade Organization (WTO) entry has boosted its economic ...
Civil service systems in Central and …, Jan 1, 1999
Public Finance, Bratislava: NISPAcee, Jan 1, 1997