Deloof, Marc; Paeleman, Ine - 2022
abroad, often far away from Belgium. We find that INVs raised much more capital but were less likely to pay a dividend than … from Belgium. Post-IPO performance was generally bad for new ventures throughout the period, but it was much worse for INVs … than for DNVs. However, INVs performed much better if they were affiliated with the leading universal bank in Belgium. Our …
