التفاصيل البيبلوغرافية
| العنوان: |
A Historical Perspective On Dutch Auction Rate Preferred Stock |
| المؤلفون: |
Livingston, Lynda S. |
| المصدر: |
All Faculty Scholarship |
| بيانات النشر: |
Sound Ideas |
| سنة النشر: |
2010 |
| المجموعة: |
University of Puget Sound: Sound Ideas |
| مصطلحات موضوعية: |
preferred stocks, marketing, stocks (finance), auctions, securities markets, liquidity (economics), stockbrokers, money market, capitalists & financiers, corporations -- finance, auction, dividends received deduction, preferred stock |
| الوصف: |
In February of 2008, the $330 billion auction-rate security market began to fall apart. Brokerage houses that managed the periodic auctions refused to support their issues, so that auctions failed and liquidity disappeared. Investors had a wake-up call: an asset they had thought was a money-market equivalent was in fact something much more risky. In this paper, we consider this current meltdown in light of the 1980s history of Dutch Auction Rate Preferred Stock (DARPS). We conclude that a significant contributor to the recent problems was the marketing of DARPS to individuals, when the security was designed for corporate investors. |
| نوع الوثيقة: |
text |
| اللغة: |
unknown |
| Relation: |
https://soundideas.pugetsound.edu/faculty_pubs/1883 |
| الاتاحة: |
https://soundideas.pugetsound.edu/faculty_pubs/1883 |
| رقم الانضمام: |
edsbas.179E0280 |
| قاعدة البيانات: |
BASE |