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Institutional environment, firm ownership, and IPO first-day returns : evidence from China
Chen, Yibiao; Wang, Steven Shuye; Li, Wei; Sun, Qian; … - In: The journal of corporate finance : contracting, … 32 (2015), pp. 150-168
Persistent link: https://www.econbiz.de/10011316491
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Do Private Firms (Mis) Learn from the Stock Market?
Yan, Dong - 2021
This paper examines whether and to what extent private firms learn from the stock market. Using a large panel data set for the United Kingdom, I find that private firms' investment responds positively to the valuation of public firms in the same industry. The sensitivity increases with price...
Persistent link: https://www.econbiz.de/10013312912
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Cashing it in : private-company exchanges and employee stock sales prior to IPO
Larcker, David F.; Tayan, Brian; Watts, Edward M. - 2018
Companies in the United States are staying private longer, and this trend has important implications for companies and their employees. Employees holding equity awards in private companies are restricted from monetizing an illiquid asset that they might need to support their living expenses....
Persistent link: https://www.econbiz.de/10011980323
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The expected returns and valuations of private and public firms
Cooper, Ilan; Priestley, Richard - In: Journal of financial economics 120 (2016) 1, pp. 41-57
Persistent link: https://www.econbiz.de/10011590063
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On partial sales and underpricing in privatization
Choi, Seung-doo - 1999
Persistent link: https://www.econbiz.de/10001618780
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No-arbitrage Private Market Equity Prices and Transaction Costs : Generalized IPCPL Theory and Private Market Empirical Tests
Goodman, David H - 2017
Implied private company pricing line theory (IPCPL theory) is based on the fundamental assumption — taken from modern … asset pricing theory — that no arbitrage opportunities exist between pricing of privately- and publicly-held equity. More … specifically, IPCPL theory is based on the assumption that no arbitrage opportunities exist resulting from differences in equity …
Persistent link: https://www.econbiz.de/10012960377
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Blockchain private pools and price discovery
Capponi, Agostino; Jia, Ruizhe; Wang, Ye - In: AEA papers and proceedings 113 (2023), pp. 253-256
Persistent link: https://www.econbiz.de/10014392948
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The effects of political connections and state ownership on corporate litigation in China
Firth, Michael Anthony; Rui, Oliver Meng; Wu, Wenfeng - In: The journal of law & economics 54 (2011) 3, pp. 573-607
Persistent link: https://www.econbiz.de/10009580260
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The Effects of Political Connections and State Ownership on Corporate Litigation in China
Firth, Michael - 2012
We examine the effects of corporate lawsuits in China and find that litigation announcements depress the stock prices of both defendant and plaintiff firms. Financially distressed defendants suffer lower stock returns. We find that politically connected defendants are favored in the judicial...
Persistent link: https://www.econbiz.de/10013102459
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Impact of Economic Value Added (EVA) on Share Price : A Study of Indian Private Sector Banks
Patel, Ritesh - 2012
Many Indian banks are discovering the key to their long-term growth does not lie in products and services alone but in assets that can never be replicated, that is, their unique relationship with customers, employees, suppliers and distributors, investors and the communities they serve. The...
Persistent link: https://www.econbiz.de/10013104301