Publication:
The price elasticity of demand for common stock

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dc.contributor.authorLoderer, Claudio
dc.contributor.authorCooney, John W.
dc.contributor.authorVan Drunen, Leonard D.
dc.date.accessioned2024-10-14T10:36:03Z
dc.date.available2024-10-14T10:36:03Z
dc.date.issued1991-06
dc.description.abstractWe study the price elasticity of demand for the common stock of an individual corporation. Despite the prevelance of assumptions that demand is perfectly elastic, there is little if any direct evidence in the literature to either support or reject that contention. Consistent with the notion of finite price elasticities, we find that the announcement of primary stock oferings by regulated firms depresses their stock prices and little if any evidence that this decline is the result of adverse information about future cash flows. Attempts to relate offer announcement effects directly to possible determinants of price elasticities, however, are inconclusive.
dc.description.numberOfPages31
dc.description.sponsorshipInstitut für Finanzmanagement (IFM)
dc.identifier.doi10.7892/boris.39540
dc.identifier.publisherDOI10.1111/j.1540-6261.1991.tb02677.x
dc.identifier.urihttps://boris-portal.unibe.ch/handle/20.500.12422/112188
dc.language.isoen
dc.publisherWiley
dc.relation.ispartofJournal of Finance
dc.relation.issn0022-1082
dc.relation.organizationDCD5A442BB9DE17DE0405C82790C4DE2
dc.subject.ddc300 - Social sciences, sociology & anthropology::330 - Economics
dc.titleThe price elasticity of demand for common stock
dc.typearticle
dspace.entity.typePublication
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oaire.citation.endPage651
oaire.citation.issue2
oaire.citation.startPage621
oaire.citation.volume46
oairecerif.author.affiliationInstitut für Finanzmanagement (IFM)
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unibe.eprints.legacyId39540
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unibe.subtype.articlejournal

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