This paper offers a novel framework, combining firm operational risk, IPO pricing risk, and market risk, to model IPO … failure risk. By analyzing nearly a thousand variables, we observe that prior IPO failure risk models have suffered from a …

Risk Model results show that while VC participation reduces bankruptcy hazard, it has little impact on the runoff failures …

regulatory delistings (IPO failure risk). Using machine learning technique that can better handle various data problems, we …

higher CEO risk-shifting incentives significantly increase the likelihood of covenant violations. Evidence suggests that CEOs … with creditor unfriendly compensation in leveraged firms are more likely to engage in risk-shifting behaviors. As opposed … to constraining managers' risk-shifting behaviors in the pre-violation stage, evidence reveals that strict covenants …

effect of short-selling threats on banks’ risk-taking. The evidence shows that pilot banks with looser constraints on short …-selling increased their risk-taking during the financial crisis of 2007–2009. The reason is that short-selling threats improved the … information environment and mitigated the agency problems of banks during the pilot program that led to greater risk-taking by …