Der vorliegende Beitrag stellt die Ergebnisse einer Fragebogenuntersuchung unter deutschen, schweizerischen und österreichischen börsenkotierten Unternehmen über deren Motive zur Emission von Wandelanleihen vor. Die Antworten der Unternehmen bestätigen die Backdoor- Equity-Hypothese, wonach...

Companies that go public on global stock markets are not obliged to disclose earnings forecasts in their prospectuses. We use this fact to examine the shipping sector, where most firms issue earnings forecasts during the IPO process, and provide unique, international-level evidence. We find...

We investigate the financing strategies and valuation effects of 247 IPO firms at the "Neuer Markt" in Germany that either issued additional equity (SEO) or repurchased shares (SRP) within five years after going public. IPOs issuing additional equity exhibit a temporary outperformance before the...