This chapter focuses on the German IPO market from 1997 to 2015. More specifically, it provides a descriptive overview of the IPO activities in Germany in the last two decades, and analyzes the IPO market's dependence on the yearly return and turnover of the German stock market. It shows that...

Research on IPOs commonly focuses on the relation between firms' pre IPO ownership structure and subsequent stock performance. We extend the literature by additionally focusing on companies' post IPO ownership structure, in particular private equity capital engagement, to analyze IPOs stock...

The paper analyzes the question whether blue-chip stock indices provide a larger degree of internationalization than mid-cap stock indices. The specific focus lies on internationalization of blue-chip versus mid-cap stock indices in France, Germany, and the UK.Methodology/Approach: The dataset...

Momentum trading strategies have been proved to be profitable in different asset classes and on various national capital markets in the past. However, there are some indications for eroding momentum profits. Based on the theory of gradual information distribution on capital markets and the...

The success of trading strategies that lead to abnormal excess returns based on annual/monthly investment periods has recently declined significantly. We adopt the original frameworks of De Bondt and Thaler (J Finance 40(3):793–808, 1985) and Jegadeesh and Titman (J Finance 48(1):65–91,...