WorldCat Identities

Jenkinson, Tim 1961-

Overview
Works: 46 works in 223 publications in 2 languages and 2,141 library holdings
Genres: Case studies 
Roles: Author, Editor, Other
Publication Timeline
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Most widely held works by Tim Jenkinson
Going public : the theory and evidence on how companies raise equity finance by Tim Jenkinson( Book )

33 editions published between 1996 and 2007 in English and Undetermined and held by 750 WorldCat member libraries worldwide

In recent years there has been an enormous amount of research into the way companies raise finance from stock markets. Going Public is the first book to investigate the issues in a non-technical manner, drawing upon international evidence from private sector companies and privatizations
Readings in macroeconomics by Tim Jenkinson( Book )

43 editions published between 1996 and 2008 in 3 languages and held by 568 WorldCat member libraries worldwide

Recoge:Organización industrial; Investigación y desarrollo; Política industrial; Comercio internacional; Educación y formación
Competition in regulated industries by Dieter Helm( Book )

13 editions published between 1997 and 2003 in English and held by 385 WorldCat member libraries worldwide

The UK has pioneered the introduction of competition into previously monopolistic utility industries. Competition has been introduced progressively, starting with BT, and continuing with the gas and electricity industries, where it is to be completed during 1998. In water, competition has so far been restricted to new developments, and it is said that it will be phased in once the initial franchises expire. These radical policy innovations have been controversial, and raise significant generic problems concerned with market design, regulation, corporate strategy and income distribution. The lessons from the UK provide an essential input into liberalization throughout the world, as well as helping to shape the transitional arrangements already in place in the UK. This volume brings together independent experts with the specialist regulators to provide a comprehensive analysis of the issues. The common themes are drawn together in the introduction. The volume will be essential reading for utility companies, regulators, politicians and policy advisors
Hostile takeovers : defence, attack, and corporate governance by Tim Jenkinson( Book )

10 editions published in 1994 in English and held by 84 WorldCat member libraries worldwide

Informatie ter bescherming van onvrijwillige bedrijfsovername en informatie voor het uitbrengen van een succesvol bod
Financial intermediation in private equity : how well do funds of funds perform? by Robert S Harris( )

5 editions published in 2017 in English and held by 58 WorldCat member libraries worldwide

This paper focuses on funds of funds (FOFs) as a form of financial intermediation in private equity (both buyout and venture capital). After accounting for fees, FOFs provide returns equal to or above public market indices for both buyout and venture capital. While FOFs focusing on buyouts outperform public markets, they underperform direct fund investment strategies in buyout. In contrast, the average performance of FOFs in venture capital is on a par with results from direct venture fund investing. This suggests that FOFs in venture capital (but not in buyouts) are able to identify and access superior performing funds
Private equity performance : what do we know? by Robert S Harris( )

7 editions published in 2012 in English and held by 57 WorldCat member libraries worldwide

We present evidence on the performance of nearly 1400 U.S. private equity (buyout and venture capital) funds using a new research-quality dataset from Burgiss, sourced from over 200 institutional investors. Using detailed cash-flow data, we compare buyout and venture capital returns to the returns produced by public markets. We also compare the evidence from Burgiss to that derived from other commercial datasets – Venture Economics, Preqin and Cambridge Associates – as well as recent research. We find better buyout fund performance than has previously been documented. This in part reflects recently discovered problems with data provided by Venture Economics, upon which several previous studies had relied. Average U.S. buyout fund performance has exceeded that of public markets for most vintages for a long period of time. The outperformance versus the S&P 500 averages 20% to 27% over the life of the fund and more than 3% per year. Average U.S. venture capital funds, on the other hand, outperformed public equities in the 1990s, but have underperformed public equities in the 2000s. Using individual fund data, we explore the relationship between absolute measures of performance – internal rates of return (IRRs) and multiples of invested capital – and performance relative to public markets. Within a given vintage year, performance relative to public markets can be predicted well by a fund's multiple of invested capital and IRR, so we are able to estimate the performance relative to public markets that would have been derived from the other commercial datasets, had the required cash-flow data been available. Private equity performance in the other commercial sources – other than Venture Economics – is qualitatively similar to that we find using the Burgiss data
Hostile stakes and the role of banks in German corporate governance by Tim Jenkinson( Book )

12 editions published in 1997 in English and held by 34 WorldCat member libraries worldwide

New evidence of the impact of dividend taxation and on the identity of the marginal investor by Leonie Bell( Book )

8 editions published between 2000 and 2001 in English and held by 27 WorldCat member libraries worldwide

This Paper examines the impact of a major change in dividend taxation introduced in the UK in July 1997. The reform was structured in such a way that the immediate impact fell almost entirely on the largest investor class in the UK, namely pension funds. We analyse the behaviour of share prices around the ex-dividend day both before and after the reform to test clientele effects and the impact of taxation on the valuation of companies. We find strong clientele effects in the UK, which are consistent with the distortions introduced by the tax system (before the reform dividend income was tax-advantaged in the UK). We also find significant changes in the valuation of dividend income after the reform, in particular for high-yielding companies. These results provide strong support for the hypothesis that taxation affects the valuation of companies, and that pension funds were the effective marginal investors for high-yielding companies
Financing of industry, 1970-89 : an international comparison by Jenny Corbett( Book )

9 editions published in 1994 in English and held by 24 WorldCat member libraries worldwide

The main aims of this paper are, first, to construct a consistent comparative set of data on the sources of finance for investment over the period 1970-89 for Germany, Japan, the United Kingdom and the United States and second, to challenge some conventional views of the international differences in financing patterns. The paper documents the substantial problems of international comparisons, and argues that net sources and using data based on National Income Accounts provide the most appropriate and consistent information. We conclude that there is no 'market-based' Anglo-US pattern of financing of industry. Germany, the United Kingdom and the United States are internally financed with small or negative contributions from market sources. Japan has been more externally financed with both banks and markets contributing larger shares than in the former group. Over the 1980s, the period of financial liberalization, all countries, except Japan, have become more internally and less market financed
Has the introduction of bookbuilding increased the efficiency of international IPOs? by Alexander P Ljungqvist( Book )

8 editions published in 2000 in English and held by 22 WorldCat member libraries worldwide

"By 1999, close to 80% of non-U.S. IPOs were marketed using bookbuilding methods. We study whether the recent introduction of this technology by U.S. banks and their inclusion in non-U.S. IPO syndicates has promoted efficiency in primary equity markets. We analyze both direct and indirect costs (associated with underpricing) using a unique dataset containing information on 2,051 initial public offerings in 61 non-U.S. markets during the period 1992-1999. The direct costs of bookbuilding are typically twice as large as direct costs for fixed-price offers. However, bookbuilding leads to substantially less underpricing. This benefit is more pronounced when the target market includes U.S. investors, when U.S. listing is sought and when U.S. banks are part of the syndicate."--Abstract on item
Bids and allocations in European IPO bookbuilding by Tim Jenkinson( Book )

8 editions published in 2002 in English and held by 20 WorldCat member libraries worldwide

Cointegration : a survey of recent developments by Juan J Dolado( Book )

6 editions published in 1987 in English and held by 15 WorldCat member libraries worldwide

Initial public offerings in the UK, USA and Japan by T. J Jenkinson( Book )

3 editions published in 1990 in English and held by 13 WorldCat member libraries worldwide

When a firm makes an initial public offering (IPO) of its equity, the accuracy with which its shares are priced will be an important factor determining the cost of "going public". This paper compares the accuracy of IPO pricing in the United States, United Kingdom and Japan over the period 1985-88. It is found that IPOs are systematically priced at a discount relative to their subsequent trading price in each count
Cointegration and unit roots : a survey by Juan José Dolado( Book )

7 editions published in 1990 in English and Spanish and held by 13 WorldCat member libraries worldwide

Competitive IPOs by Tim Jenkinson( Book )

5 editions published in 2009 in English and held by 13 WorldCat member libraries worldwide

Wage bargaining and profitability : a disaggregative analysis by W Beckerman( Book )

4 editions published in 1989 in English and held by 8 WorldCat member libraries worldwide

Borrow cheap, buy high? : the determinants of leverage and pricing in buyouts by Ulf Axelson( )

3 editions published between 2010 and 2012 in English and held by 8 WorldCat member libraries worldwide

Abstract: This paper provides an empirical analysis of the financial structure of large buyouts. We collect detailed information on the financing of 1157 worldwide private equity deals from 1980 to 2008. Buyout leverage is cross-sectionally unrelated to the leverage of matched public firms, and is largely driven by factors other than what explains leverage in public firms. In particular, the economy-wide cost of borrowing is the main driver of both the quantity and the composition of debt in these buyouts. Credit conditions also have a strong effect on prices paid in buyouts, even after controlling for prices of equivalent public market companies. Finally, the use of high leverage in transactions negatively affects fund performance, controlling for fund vintage and other relevant characteristics. The results are consistent with the view that the availability of financing impacts booms and busts in the private equity market, and that agency problems between private equity funds and their investors can affect buyout capital structures
Initial public offerings in the UK, USA and Japan by Tim J Jenkinson( Book )

2 editions published in 1990 in English and held by 5 WorldCat member libraries worldwide

Disaggregative versus aggregative wage equations by Wilfred Beckerman( Book )

3 editions published in 1986 in English and held by 5 WorldCat member libraries worldwide

An econometric analysis of wage flexibility by Timothy John Jenkinson( )

4 editions published between 1986 and 1987 in English and held by 4 WorldCat member libraries worldwide

 
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Audience level: 0.64 (from 0.56 for Going publ ... to 0.95 for Initial pu ...)

Going public : the theory and evidence on how companies raise equity finance
Covers
Readings in macroeconomicsCompetition in regulated industries
Alternative Names
Jenkinson, T. J. 1961-

Jenkinson, Tim J. 1961-

Tim Jenkinson British academic

Languages
English (189)

Spanish (2)