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This study investigates venture capital (VC) reputation impact on the pre-IPO performance of the entrepreneurial firms … portfolio firms. This study shows some contingent contribution to pre-IPO firm performance. Firstly, the reputation of the … industry policy and entrepreneur’s performance than VC reputation. This study has practical implications for entrepreneurs and …
Persistent link: https://www.econbiz.de/10014237916
This paper provides additional international evidence on the IPOs by examining the initial performance and two main determinants of short-run underpricing of 169 IPOs listed on the Athens Stock Exchange (ASE) over the period 1997-2002. The initial performance of the IPOs is measured by...
Persistent link: https://www.econbiz.de/10013044248
We investigate the relationship between pricing in an initial public offering (IPO) and the prestige of the participating underwriters' law firm. We hypothesize law firm quality affects how law firms perform their obligations in IPOs - more prestigious law firms acting more independently....
Persistent link: https://www.econbiz.de/10014074051
Adopting a sample of the initial 243 IPOs from the emerging Growth Enterprise Market of China (GEMC) over the 2009 to …
Persistent link: https://www.econbiz.de/10013045469
We examine the effects of venture capitalist participation in IPOs in China and find that VC-backed firms are more … with the monitoring role of the VC. Finally, the fact that VC reputation is associated with lower underpricing is …
Persistent link: https://www.econbiz.de/10012957114
This paper examines the cross-sectional determinants of post-IPO long-term stock returns in China. We document that the … the market corrects the aftermarket overvaluation of IPO firms in the long run. Underwriter reputation has a positive …
Persistent link: https://www.econbiz.de/10013155892
In this study, we examine whether government regulatory initiatives in China involving IPO by SOEs may have contributed …
Persistent link: https://www.econbiz.de/10013080892
Persistent link: https://www.econbiz.de/10011404591
Persistent link: https://www.econbiz.de/10011384484
This study explores a natural experiment that involves the change in the regulation of earnings forecast disclosures from mandatory to voluntary in firms' IPO prospectuses. Findings indicate a behavioural alteration with pessimistic earnings forecasts during the mandatory era turning optimistic...
Persistent link: https://www.econbiz.de/10012856257