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The U.S. Left Behind : The Rise of IPO Activity Around the World
Doidge, Craig - 2011
During the past two decades, there has been a dramatic change in IPO activity around the world. Though vibrant IPO activity, attributed to better institutions and governance, used to be a strength of the U.S., it no longer is. IPO activity in the U.S. has fallen compared to the rest of the world...
Persistent link: https://www.econbiz.de/10013127767
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Initial Public Offering and Corporate Governance in China's Transitional Economy
Chen, Chien-Hsun - 2010
This paper empirically investigates the performance of Chinese initial public offerings (IPOs). The data used covers the period from mid-1995 to mid-1999 with the sample including 884 companies (both in the A- and B-share markets). In an examination of growth, profitability and stability of...
Persistent link: https://www.econbiz.de/10012762840
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Banks as Secret Keepers
Dang, Tri Vi - 2014
, reducing the efficiency of trade. This need for opacity conflicts with the production of information about investment projects …
Persistent link: https://www.econbiz.de/10013051755
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A Survey of Venture Capital Research
Da Rin, Marco - 2014
examines the work on venture capital investments in companies, looking at issues of selection, contracting, post-investment …
Persistent link: https://www.econbiz.de/10013067246
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Motivations for Public Equity Offers : An International Perspective
Kim, Woojin; Weisbach, Michael S. - 2021
This paper examines the extent to which investment financing and market-timing explanations motivate public equity … one motive for the equity offer being to raise capital for investment. However, firms also hold onto much of the cash they …. These results suggest that market timing as well as investment financing is a motivation for equity offers …
Persistent link: https://www.econbiz.de/10013236837
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Investor Sentiment and Corporate Finance : Micro and Macro
Lamont, Owen A. - 2006
We document that net equity issuance is considerably more sensitive to aggregate stock returns and Q's than to firm-level stock returns and Q's. Very similar patterns also emerge when we look at merger activity. In light of earlier work (Campbell 1991, Vuolteenaho 2002) which finds that...
Persistent link: https://www.econbiz.de/10012783338
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The Really Long-Run Performance of Initial Public Offerings : The Pre-Nasdaq Evidence
Gompers, Paul A. - 2010
Financial economists in recent years have closely examined and intensely debated the performance of initial public offerings using data after the formation of NASDAQ. The paper seeks to shed light on this controversy by undertaking a large, out-of-sample study: we examine the performance for up...
Persistent link: https://www.econbiz.de/10012763108
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Initial Public Offerings : Investor Behavior and Underpricing
Shiller, Robert J. - 2010
A questionnaire survey of investors in initial public offerings (IPO's) was undertaken to learn about patterns of investor behavior that might be relevant to theories of their underpricing. Respondents were asked for their perception of the allocation process, their concern with stockbroker or...
Persistent link: https://www.econbiz.de/10012763289
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Equity Market Liberalizations as Country Ipos
Martell, Rodolfo - 2009
Equity market liberalizations are like IPOs, but they are IPOs of a country's stock market rather than of individual firms. Both are endogenous events whose benefits are limited by poor investor protection, agency costs, and information asymmetries. As for stock prices following an IPO, there...
Persistent link: https://www.econbiz.de/10012767766
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External Equity Financing Shocks, Financial Flows, and Asset Prices
Belo, Frederico - 2014
book-to-market, investment, and size portfolios. We propose a dynamic investment-based model with stochastic equity …, real quantities, and financing flows. In the model, growth firms, high investment firms, and large firms, can substitute …
Persistent link: https://www.econbiz.de/10013052506