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The regulatory provisions in India ensure that IPO investors are able to observe the participation levels of other subscribers prior to their own subscription decisions. This should reduce the information asymmetry between the foreign institutional (FIIs) and domestic institutional investors...
Persistent link: https://www.econbiz.de/10012944040
With data from all the leading international investment banks on 220 IPOs raising $160bn, we test the determinants of IPO allocations. We compare investors' IPO allocations with proxies for their information production during the bookbuilding and the broking (and other) revenues those investors...
Persistent link: https://www.econbiz.de/10012969185
The paper describes selling and underwriting procedures in rights issues and open offers, and analyses the costs of issue reported in prospectuses, including the substantial costs which are not for underwriting. The impression is often given that costs are fixed at 2% of gross proceeds, but they...
Persistent link: https://www.econbiz.de/10013044546
Persistent link: https://www.econbiz.de/10012263205
Relations between China and the USA began with the best of intentions: the USA would sponsor the normalization of China …'s status in the international community through trade in exchange for China's commitment to peaceful co-existence with the west …. As an emerging economy, China has relied upon trade for export-led economic growth, mimicking the path taken by its …
Persistent link: https://www.econbiz.de/10013133704
externalities using panel data of 30 provinces in China from 1993 to 2007. A two-sector model, including both foreign-funded sector … foreign capital, with a weakening spillover effect over time, contributed positively to China's economic growth during 1993 … to the formation of social capital, should be given more policy support in China. This paper analyzes the interrelation …
Persistent link: https://www.econbiz.de/10013137586
At one time, inward direct investment in China was only possible using foreign exchange. Since the ban on using the …
Persistent link: https://www.econbiz.de/10013105080
data-set of 4753 portfolio companies from China. We test whether the presence of a foreign VC increases the likelihood that … secondary-buyout than via an IPO, reflecting the significant lock-up periods associated with VC-backed IPOs in China, the …
Persistent link: https://www.econbiz.de/10013089086
We use a comprehensive database of venture-capital-backed companies from China to test whether and how foreign venture …
Persistent link: https://www.econbiz.de/10013090746
reasonable to argue that the corporate relocation phenomenon in China's VC financings actually reflects more of a contracting … the particular setting of China, real strategic corporate relocation in venture capital finance is not really an issue yet …
Persistent link: https://www.econbiz.de/10012940536