This article empirically examines the relationship between insider (entrepreneurs, and venture capitalists) trading and underpricing and long-run performance for a sample of 120 initial public offerings (IPOs) that took place on the Nouveau Marché in France during the high-tech bubble. We...

Improving the regulatory environment - i.e., producing business-friendly regulations is often seen as the main goal of business enabling environment programs. However, an effective regulatory framework is not enough by itself: entrepreneurs and public officials have to be aware of the new...