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Privatization versus Private Sector Initial Public Offerings in Poland
Aussenegg, Wolfgang - In: Multinational Finance Journal 4 (2000) 1-2, pp. 69-99
privatization policy over time by underpricing, selling a high fraction at the initial offer and underpricing more when selling to …This article compares the characteristics and the price behavior of case-by-case privatization initial public offerings … and private sector initial public offerings in Poland over the first nine years after the reopening of the Warsaw Stock …
Persistent link: https://www.econbiz.de/10010937095
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Are IPOs of Different VCs Different?
Tykvová, Tereza; Walz, Uwe - 2004
This paper sets out to analyze the influence of different types of venture capitalists on the performance of their portfolio firms around and after IPO. We investigate the hypothesis that different governance structures, objectives, and track records of different types of VCs have a significant...
Persistent link: https://www.econbiz.de/10010297354
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Are IPOs of Different VCs Different?
Tykvová, Tereza; Walz, Uwe - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2004
This paper sets out to analyze the influence of different types of venture capitalists on the performance of their portfolio firms around and after IPO. We investigate the hypothesis that different governance structures, objectives, and track records of different types of VCs have a significant...
Persistent link: https://www.econbiz.de/10005098275
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Private Company Lies
Pollman, Elizabeth - 2020
Rule 10b-5's antifraud catch-all is one of the most consequential pieces of American administrative law and most highly developed areas of judicially-created federal law. Although the rule broadly prohibits securities fraud in both public and private company stock, the vast majority of...
Persistent link: https://www.econbiz.de/10012839884
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The False Promise of Publicly Offered Private Placements
Warren, Manning G. - 2017
This article addresses Congress's promise that an exemption for private placements publicly offered to accredited investors, as mandated by Title II of the Jumpstart Our Business Startups Act (JOBS Act), would provide greater access to capital for our nation's businesses. Based on an extensive...
Persistent link: https://www.econbiz.de/10012960990
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Changes in Lending Practices and Borrower Reporting Quality : Evidence from Chinese State Bank Privatizations
Chen, Deqiu - 2018
terms exhibit a larger increase in sensitivity to borrowers' FRQ. These results suggest that post-privatization: (1) CSBs …
Persistent link: https://www.econbiz.de/10012936432
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Post-Listing Performance and Private Sector Regulation : The Experience of the AIM
Gerakos, Joseph - 2016
We investigate the post-listing experience of companies raising capital on the London Stock Exchange's Alternative Investment Market (AIM). The AIM is unique in that it is privately regulated and relies on Nominated Advisors (Nomads) who compete to bring new listings and provide ongoing...
Persistent link: https://www.econbiz.de/10013008732
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State Ownership and Debt Choice : Evidence from Privatization
Boubakri, Narjess - 2018
In this paper we examine the link between state ownership and the choice of public debt versus bank debt in an international context. Using a large sample of privatized firms from 62 countries over the 2001-2014 period, we find that state ownership is significantly positively associated with the...
Persistent link: https://www.econbiz.de/10012934343
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Underpricing and aftermarket performance of IPOs during the Covid-19 period : evidence from Istanbul stock exchange
İlbasmış, Metin - In: Borsa Istanbul Review 23 (2023) 3, pp. 662-673
The effect of uncertainty on IPO underpricing, short-term performance after IPO, and hot-and-cold-IPO market cycles … Covid-19 pandemic with a focus on the Turkish IPO market. Measuring the underpricing and aftermarket performance of IPOs … examine how underpricing and aftermarket performances are influenced by Covid-19 and some uncertainty proxies, such as some …
Persistent link: https://www.econbiz.de/10014308820
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Block-booking and IPO share allocation: the importance of being ignorant
Gondat-Larralde, Celine; James, Kevin R. - London School of Economics (LSE) - 2004
Given the opportunity to buy IPO shares of uncertain value at a fixed price, potentially informed investors have an incentive to refuse to participate in offerings the underwriter happens to overprice. We show that an underwriter can efficiently resolve this problem by entering into a repeat...
Persistent link: https://www.econbiz.de/10010745055