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Are IPOs of Different VCs Different?
Tykvová, Tereza; Walz, Uwe - 2004
This paper sets out to analyze the influence of different types of venture capitalists on the performance of their portfolio firms around and after IPO. We investigate the hypothesis that different governance structures, objectives, and track records of different types of VCs have a significant...
Persistent link: https://www.econbiz.de/10010297354
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Are IPOs of Different VCs Different?
Tykvová, Tereza; Walz, Uwe - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2004
This paper sets out to analyze the influence of different types of venture capitalists on the performance of their portfolio firms around and after IPO. We investigate the hypothesis that different governance structures, objectives, and track records of different types of VCs have a significant...
Persistent link: https://www.econbiz.de/10005098275
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Private Company Lies
Pollman, Elizabeth - 2020
Rule 10b-5's antifraud catch-all is one of the most consequential pieces of American administrative law and most highly developed areas of judicially-created federal law. Although the rule broadly prohibits securities fraud in both public and private company stock, the vast majority of...
Persistent link: https://www.econbiz.de/10012839884
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The False Promise of Publicly Offered Private Placements
Warren, Manning G. - 2017
This article addresses Congress's promise that an exemption for private placements publicly offered to accredited investors, as mandated by Title II of the Jumpstart Our Business Startups Act (JOBS Act), would provide greater access to capital for our nation's businesses. Based on an extensive...
Persistent link: https://www.econbiz.de/10012960990
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Changes in Lending Practices and Borrower Reporting Quality : Evidence from Chinese State Bank Privatizations
Chen, Deqiu - 2018
terms exhibit a larger increase in sensitivity to borrowers' FRQ. These results suggest that post-privatization: (1) CSBs …
Persistent link: https://www.econbiz.de/10012936432
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Post-Listing Performance and Private Sector Regulation : The Experience of the AIM
Gerakos, Joseph - 2016
We investigate the post-listing experience of companies raising capital on the London Stock Exchange's Alternative Investment Market (AIM). The AIM is unique in that it is privately regulated and relies on Nominated Advisors (Nomads) who compete to bring new listings and provide ongoing...
Persistent link: https://www.econbiz.de/10013008732
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State Ownership and Debt Choice : Evidence from Privatization
Boubakri, Narjess - 2018
In this paper we examine the link between state ownership and the choice of public debt versus bank debt in an international context. Using a large sample of privatized firms from 62 countries over the 2001-2014 period, we find that state ownership is significantly positively associated with the...
Persistent link: https://www.econbiz.de/10012934343
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Underpricing and aftermarket performance of IPOs during the Covid-19 period : evidence from Istanbul stock exchange
İlbasmış, Metin - In: Borsa Istanbul Review 23 (2023) 3, pp. 662-673
The effect of uncertainty on IPO underpricing, short-term performance after IPO, and hot-and-cold-IPO market cycles … Covid-19 pandemic with a focus on the Turkish IPO market. Measuring the underpricing and aftermarket performance of IPOs … examine how underpricing and aftermarket performances are influenced by Covid-19 and some uncertainty proxies, such as some …
Persistent link: https://www.econbiz.de/10014308820
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Share Issuing Privatizations in China: Determinants of Public Share Allocation and Underpricing
Quan, Qi; Huyghebaert, Nancy - 2005
underpricing at SIP-time. We find that poor perfirmance and financing constraints, reflected by a low profitability and high … relinquish its majority stake at SIP-time. The detfirminants of underpricing further illustrate the uniqueness of SIPs compared … decision, we find that the fraction of ownership divested is significantly positively related to underpricing. …
Persistent link: https://www.econbiz.de/10010313366
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Do IPOs Underperform in the Long-Run? New Evidence from the Canadian Stock Market
Kooli, Maher; L'Her, Jean-François; Suret, Jean-Marc - Centre Interuniversitaire de Recherche en Analyse des … - 2003
We measure the long-run performance of 141 Canadian IPOs between 1986 and 2000, using continuously rebalanced and purged control portfolios (size and book-to-market ratios). Results remain relatively similar irrespective of whether we use an event-time approach (buy-and-hold abnormal returns and...
Persistent link: https://www.econbiz.de/10005100847