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The role of underwriter peer networks in IPOs
Chuluun, Tuugi - In: Journal of Banking & Finance 51 (2015) C, pp. 62-78
This study examines how various aspects of underwriter peer network affect IPOs. We use different network measures to … network partners. Our results show that IPOs underwritten by book managers with more central and cohesive networks and … underprice more. These results indicate that underwriters use peer networks to produce information and place securities, and …
Persistent link: https://www.econbiz.de/10011194179
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Banking Relationships and Access to Equity Capital Markets : Evidence from Japan?s Main Bank System
Kutsuna, Kenji; Smith, Janet Kiholm; Smith, Richard L. - 2003
increased access to equity capital markets, but that issuers of large IPOs switch to non-related investment banks that are …
Persistent link: https://www.econbiz.de/10010263296
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Banking relationships and access to equity capital markets: evidence from Japan's main bank system
Kutsuna, Kenji; Smith, Janet Kiholm; Smith, Richard L. - 2005
increased access to equity capital markets, but that issuers of large IPOs switch to non-related investment banks that are …
Persistent link: https://www.econbiz.de/10010276761
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Banking Relationships and Access to Equity Capital Markets: Evidence from Japan’s Main Bank System
Ketsuna, Kenji; Smith, Janet Kiholm; Smith, Richard L. - Economics Department, Claremont McKenna College - 2003
We study the role of banking relationships in IPO underwriting using a sample of 484 Japanese IPOs. Among other issues … give small issuers increased access to equity capital markets, but that issuers of large IPOs switch to non …
Persistent link: https://www.econbiz.de/10005150882
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Do company builders create jobs? : examining the rise of incubation finance in Germany
Scheuplein, Christoph; Kahl, Julian - 2017
Over the past decade, new types of business incubation have been developed. One particularly prominent example is company builders, which use their own resources to build up companies, establishing numerous companies in a series. In doing so, this investor type facilitates internal and external...
Persistent link: https://www.econbiz.de/10011800402
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Innovation, Spillovers and Venture Capital Contracts
Dessi, Roberta - Toulouse School of Economics (TSE) - 2011
Innovative start-ups and venture capitalists are highly clustered: Silicon Valley is probably the best-known example. Clusters differ in the contracts they use, and in how they perform. I explore the link between spillovers, contractual design and performance. I find that more "incomplete"...
Persistent link: https://www.econbiz.de/10009369322
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Innovation, Spillovers and Venture Capital Contracts
Dessi, Roberta - Institut d'Économie Industrielle (IDEI), Toulouse … - 2011
IInnovative start-ups and venture capitalists are highly clustered: Silicon Valley is probably the best-known example. Clusters differ in the contracts they use, and in how they perform. I explore the link between spillovers, contractual design and performance. I find that more "incomplete"...
Persistent link: https://www.econbiz.de/10009323336
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Venture Capital and Knowledge Transfer
Dessí, Roberta; Yin, Nina - C.E.P.R. Discussion Papers - 2015
This paper explores a new role for venture capitalists, as knowledge intermediaries. A venture capital investor can communicate valuable knowledge to an entrepreneur, facilitating innovation. The venture capitalist can also communicate the entrepreneur's innovative knowledge to other portfolio...
Persistent link: https://www.econbiz.de/10011168896
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Innovation, Spillovers and Venture Capital Contracts
Dessí, Roberta - C.E.P.R. Discussion Papers - 2012
Innovative start-ups and venture capitalists are highly clustered, benefiting from localized spillovers: Silicon Valley is perhaps the best example. There is also substantial geographical variation in venture capital contracts: California contracts are more 'incomplete'. This paper explores the...
Persistent link: https://www.econbiz.de/10011084393
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Venture Capital and Knowledge Transfer
Dessi, Roberta; Yin, Nina - Institut d'Économie Industrielle (IDEI), Toulouse … - 2015
This paper explores a new role for venture capitalists, as knowledge intermediaries. A venture capital investor can communicate valuable knowledge to an entrepreneur, facilitating innovation. The venture capitalist can also communicate the entrepreneur's innovative knowledge to other portfolio...
Persistent link: https://www.econbiz.de/10011189076