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The Long-Run Performance of IPOs in Italy : A Comparison of Venture and Non-Venture-Backed Companies
Rossi, Fabrizio - 2013
The phenomena associated with the performance of newly listed companies has increased the interest of many researchers who have developed a vast literature on long-term underpricing and underperformance, which together with hot and cold issue markets, represent the three anomalies that have...
Persistent link: https://www.econbiz.de/10013089376
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VCs, Founders, and the Performance Gender Gap
Raina, Sahil - 2019
VC-financed startups led by women perform worse than startups led by men. Do VCs influence this performance gap? To answer this question, I compare the gender gap in performance between startups initially financed by syndicates led by VCs with only male GPs and startups financed by syndicates...
Persistent link: https://www.econbiz.de/10012902833
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COVID-19 and Corporate Finance
Pagano, Marco; Zechner, Josef - 2022
We distill evidence about the effects of COVID-19 on companies. Stock price reactions to the shock differed greatly across firms, depending on their resilience to social distancing, financial flexibility, and corporate culture. The same characteristics affected the response of firms' sales,...
Persistent link: https://www.econbiz.de/10013403279
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Cultural proximity, venture capital and firm performance
Huang, Guoyan; He, Dongwei; Meng, Chenyang; Ma, Donghui - In: Borsa Istanbul Review 22 (2022) 5, pp. 975-984
Cultural distance is an important factor for the success of venture capital (VC) investments. Using a large sample of Chinese VC events, this study examines how cultural proximity between VC investors and portfolio firms, as measured by a unique indicator using Chinese dialects, affects the...
Persistent link: https://www.econbiz.de/10013426736
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Competing with superstars
Ammann, Manuel; Horsch, Philipp; Oesch, David - In: Management science : journal of the Institute for … 62 (2016) 10, pp. 2842-2858
Persistent link: https://www.econbiz.de/10011591758
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Competing with superstars
Ammann, Manuel; Horsch, Philipp; Oesch, David - 2015
This paper investigates the effect of superstar CEOs on their competitors. Exploiting shocks to CEO status due to …
Persistent link: https://www.econbiz.de/10011344197
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Do CEOs make their own luck? : relative versus absolute performance evaluation and firm risk
Wruck, Karen H.; Wu, Yi Lin - 2017 - Current Draft: 10/5/17
Influenced by their compensation plans, CEOs make their own luck through decisions that affect future firm risk. After adopting a relative performance evaluation (RPE) plan, total and idiosyncratic risk are higher, and the correlation between firm and industry performance is lower. The opposite...
Persistent link: https://www.econbiz.de/10011968863
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The link between firm risk-taking and CEO power of listed firms on the Vietnamese stock market : the role of state ownership
Ngoc Thanh Tran; Thi Ngoc Dung Pham; Dien Duan Nguyen; … - In: Cogent business & management 11 (2024) 1, pp. 1-16
The Chief Executive Officer (CEO) is pivotal in firm governance and is tasked with policy implementation and maximizing … shareholder benefit. However, predicting CEO behaviour remains challenging, especially when considering CEO power (CEOP). Hence …. Interestingly, CEO risk aversion increases in state-owned firms’ participants, suggesting heightened supervision. Moreover, each …
Persistent link: https://www.econbiz.de/10014526511
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Limited partner performance and the maturing of the private equity industry
Sensoy, Berk A.; Wang, Yingdi; Weisbach, Michael S. - 2013
We evaluate the performance of limited partners' (LPs) private equity investments over time. Using a sample of 14,380 investments by 1,852 LPs in 1,250 buyout and venture funds started between 1991 and 2006, we find that the superior performance of endowment investors in the 1991-1998 period,...
Persistent link: https://www.econbiz.de/10009724586
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The Effect of Inter-firm Ties on Performance in Financial Markets
Ozmel, Umit - 2016
The present study examines the effect of the information obtained through close inter-firm ties on the investor's risk-adjusted returns. We suggest that there is a closely connected tie between an investor and an entrepreneurial firm if the investor is a limited partner of the entrepreneurial...
Persistent link: https://www.econbiz.de/10013001101