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Institutional environment, firm ownership, and IPO first-day returns : evidence from China
Chen, Yibiao; Wang, Steven Shuye; Li, Wei; Sun, Qian; … - In: The journal of corporate finance : contracting, … 32 (2015), pp. 150-168
Persistent link: https://www.econbiz.de/10011316491
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Do Private Firms (Mis) Learn from the Stock Market?
Yan, Dong - 2021
This paper examines whether and to what extent private firms learn from the stock market. Using a large panel data set for the United Kingdom, I find that private firms' investment responds positively to the valuation of public firms in the same industry. The sensitivity increases with price...
Persistent link: https://www.econbiz.de/10013312912
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Cashing it in : private-company exchanges and employee stock sales prior to IPO
Larcker, David F.; Tayan, Brian; Watts, Edward M. - 2018
Companies in the United States are staying private longer, and this trend has important implications for companies and their employees. Employees holding equity awards in private companies are restricted from monetizing an illiquid asset that they might need to support their living expenses....
Persistent link: https://www.econbiz.de/10011980323
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Political Geography and Stock Returns : The Value and Risk Implications of Proximity to Political Power
Kim, Chansog (Francis) - 2011
(presidential) party to proxy for local firms' proximity to political power. Firms whose headquarters are located in high PAI states … with the notion that proximity to political power has stock return implications because it reflects firms' exposure to …
Persistent link: https://www.econbiz.de/10013120997
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The expected returns and valuations of private and public firms
Cooper, Ilan; Priestley, Richard - In: Journal of financial economics 120 (2016) 1, pp. 41-57
Persistent link: https://www.econbiz.de/10011590063
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On partial sales and underpricing in privatization
Choi, Seung-doo - 1999
Persistent link: https://www.econbiz.de/10001618780
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No-arbitrage Private Market Equity Prices and Transaction Costs : Generalized IPCPL Theory and Private Market Empirical Tests
Goodman, David H - 2017
Implied private company pricing line theory (IPCPL theory) is based on the fundamental assumption — taken from modern … asset pricing theory — that no arbitrage opportunities exist between pricing of privately- and publicly-held equity. More … specifically, IPCPL theory is based on the assumption that no arbitrage opportunities exist resulting from differences in equity …
Persistent link: https://www.econbiz.de/10012960377
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Blockchain private pools and price discovery
Capponi, Agostino; Jia, Ruizhe; Wang, Ye - In: AEA papers and proceedings 113 (2023), pp. 253-256
Persistent link: https://www.econbiz.de/10014392948
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Power of moment-based normality tests : empirical analysis on Indian stock market index
Shaik, Muneer; Gulhane, Rutvik Digambar - In: International journal of finance & economics : IJFE 28 (2023) 3, pp. 2989-2997
Persistent link: https://www.econbiz.de/10014327637
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Market Reaction to Capital Expenditures of Powerful CEOs
Boumosleh, Anwar S. - 2011
firm value to capital expenditure under various levels of CEO power. The paper uses two measures of CEO power and finds … that the greater the power of the CEO the less the increase in market value for a given increase in capital spending. The …
Persistent link: https://www.econbiz.de/10013120433