In this study, we take advantage of the unique features of the Taiwan stock market, where short selling is forbidden within the first six months following an IPO. We examine the effects of short selling on IPO price efficiency and the relation between short selling activities and the fundamental...

Using a comprehensive sample of Chinese seasoned equity offerings, we compare three major equity flotation methods employed by listed firms in China: public offering, rights offering, and private placements. The dominant flotation method changed significantly around 2005. We examine the...

This paper examines the impact of insider trading on the completed and canceled private equity offerings. We find that insider trading has no impact on firms' decisions to complete or cancel the offerings, but it has a positive impact on the long-run stock performance of the issuing firms. Firms...