This paper investigates whether three microeconomic loan characteristics are sources of loan default clustering in the Mexican banking sector by employing survival analysis with frailty. Using a large sample of bank loan level data granted to micro, small and medium sized firms from January 2010...

In this paper, we investigate whether fund-specific risk helps explain performance persistence in private equity funds, using detailed deal-level cash flow information at both the fund and deal levels. We further extend existing findings to international evidence on buyout and venture capital...

We face a finance gap in both, female and impact investing. This paper examines gender influences on impact investment strategy of private equity. Using a comprehensive dataset on all PE deals from 2010-2021, we uncover new evidence that female ownership of PE firms significantly increases the...

The full-text version of this paper can be found at: "https://ssrn.com/abstract=3102438" https://ssrn.com/abstract=3102438. This online appendix provides supplemental discussion and analysis for our manuscript The Determinants of IPO Withdrawal - Evidence from Europe. The supplemental...

This study reviews and analyses the empirical and theoretical literature on IPO withdrawal. VOS viewer techniques are used to identify relationships of citations, authorship, themes and patterns of the research conducted in this area. My perspective on the current state of IPO withdrawal...

Why do companies, having filed for an IPO and incurred the costs thereof, not follow through? We investigate this by examining all common stock IPO's for the largest countries in Europe over the 2001-2015 period, covering more than 80% of the Western European IPO market by number and value. We...

We compare the importance of opportunities for market timing with incentives to manage EPS, in decisions to repurchase. We distinguish between repurchases which are done to distribute cash (payout-related) and those which are conducted to provide shares for re-issue to staff (pay-related). Firms...

This paper outlines the phenomenon of negative first-day IPO returns. Using a comprehensive sample of firms that listed in the USA between 2000 and 2020, we find that 21.61% of all IPO firms have negative first-day returns, making this a common feature of US IPO markets. We identify key...

This paper outlines hitherto under-researched phenomenon of negative first-day returns on common stock offerings-IPO. Using a comprehensive sample of firms that listed on major U.S. stock exchanges between 2000 and 2020, we find that 21.61% of all IPO firms have negative first-day returns,...