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Liquidity events and returns of EIF-backed VC investments

Prencipe, Dario - 2017

Despite the sometimes intensive media coverage and exuberant storytelling around the industry, venture capital (VC) investors tend to operate in highly opaque markets. On this premise, this work contributes to the literature via a hand-collected dataset of about 3,600 EIF-backed VC investments...

Persistent link: https://www.econbiz.de/10011863286

Is the success of an issuer an investor success? : evidence from Polish IPOs

Brycz, Bogumila; Dudycz, Tadeusz; Kowalski, Michal J. - In: Baltic journal of economics 17 (2017) 1, pp. 57-77

This article examines the factors that determine IPO success in raising equity capital, and how this success translates … pre-IPO profitability is a strong and positive signal for investors that translates into a higher offer price and … therefore determines the success of the issuance. However, companies with high IPO success do not provide investors with better …

Persistent link: https://www.econbiz.de/10011890952

Call me when you grow up : firms' age, size, and IPO performance across sectors

Siev, Smadar; Qadan, Mahmoud - In: Journal of risk and financial management : JRFM 15 (2022) 12, pp. 1-22

We provide a fresh look at the performance of the stock prices of firms that launched an IPO between 2009 and 2019 and …

Persistent link: https://www.econbiz.de/10014284360

Effects of Initial Coin Offering Characteristics on Cross-listing Returns

Meyer, André - 2020

The lack of transparency in cryptocurrency markets means that investors must assess a project's quality on the basis of public information. This paper examines how initial coin offering (ICO) characteristics affect cross-listing returns, i.e. whether or not the available information is a...

Persistent link: https://www.econbiz.de/10012839127

Loan loss provisions and return predictability : a dynamic perspective

Gao, Phoebe; Lim, Chu Yeong; Liu, Xiumei; Zeng, Cheng - In: China journal of accounting research : CJAR 15 (2022) 2, pp. 1-20

This paper examines the impact of loan loss provisions (LLPs) on return predictability during 1994-2017. We find that on average, LLPs are negatively associated with one year ahead stock returns. This effect is particularly significant during the global financial crisis but much weaker during...

Persistent link: https://www.econbiz.de/10013269515

Stock Market Reaction to Debt Financing Arrangements in Russia

Godlewski, Christophe J. - 2010

This paper investigates stock market reaction to debt arrangements in Russia. The analysis of the valuation of debt arrangements by stock markets provides information about the use of debt by Russian companies. We apply the event study methodology to check whether debt announcements lead to...

Persistent link: https://www.econbiz.de/10013138899

Bank loan announcements and borrower stock returns : does bank origin matter?

Ongena, Steven; Roscovan, Viorel - 2009

Banks play a special role as providers of informative signals about the quality and value of their borrowers. Such signals, however, may have a quality of their own as the banks' selection and monitoring abilities may differ. Using an event study methodology, we study the importance of the...

Persistent link: https://www.econbiz.de/10003832012

Bank loan announcements and borrower stock returns before and during the recent financial crisis

Li, Chunshuo; Ongena, Steven - 2014 - This Draft: March, 2014

The impact of U.S. bank loan announcements on the stock prices of the corporate borrowers has been decreasing during the two last decades with estimated two-day cumulative abnormal returns slipping from almost 200 basis points in the beginning of the 1980s to close to zero by the turn of the...

Persistent link: https://www.econbiz.de/10010412303

Credit Fluctuations and 'Neglected Crash Risk' in U.S. Bank Returns

Mihai, Marius - 2019

Using U.S. quarterly data from 1960, the paper studies the interaction between bank stock returns and aggregate credit fluctuations on a set of economic dimensions. First, I investigate the source of "Neglected Crash Risk" in U.S. bank returns using a new deviation measure of aggregate loans per...

Persistent link: https://www.econbiz.de/10012861958

Loan Loss Provisions and Bank Stock Returns

Heo, Yuna - 2019

This paper examines the asset pricing implication of loan loss provisions (LLP). LLP is a bank's dominant accrual and a key determinant of informativeness of banks' financial reports. We find banks with low LLP have significantly higher returns than banks with high-LLP. A long-short investment...

Persistent link: https://www.econbiz.de/10012890590

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