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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/10012461741

Initial Public Offering and Corporate Governance in China's Transitional Economy

Hsun, Chen-Chien - 2003

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/10012469125

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/10012458411

Motivations for Public Equity Offers : An International Perspective

Kim, Woojin - 2005

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/10012466874

A survey of venture capital research

Da Rin, Marco - 2011

examines the work on venture capital investments in companies, looking at issues of selection, contracting, post-investment …

Persistent link: https://www.econbiz.de/10012461134

The Variability of IPO Initial Returns

Lowry, Michelle - 2006

The monthly volatility of IPO initial returns is substantial, fluctuates dramatically over time, and is considerably larger during "hot" IPO markets. Consistent with IPO theory, the volatility of initial returns is higher among firms whose value is more difficult to estimate, i.e., among firms...

Persistent link: https://www.econbiz.de/10012466373

Investor Sentiment and Corporate Finance : Micro and Macro

Lamont, Owen A. - 2005

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/10012466789

Stock Prices and IPO Waves

Pastor, Lubos - 2003

We develop a model of stock valuation and optimal IPO timing when investment opportunities are time-varying. IPO waves …

Persistent link: https://www.econbiz.de/10012468839

Equity market liberalizations as country IPOs

Martell, Rodolfo - 2003

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/10012469222

Institutional Allocation In Initial Public Offerings : Empirical Evidence

Aggarwal, Reena - 2002

We analyze institutional allocation in initial public offerings (IPOs) using a new dataset of US offerings between 1997 and 1998. We document a positive relationship between institutional allocation and day one IPO returns. This is partly explained by the practice of giving institutions more...

Persistent link: https://www.econbiz.de/10012469643

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