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Monolithic versus Differential Impacts of Sox Regulation on Market Valuation of Banks’ Loan Loss Provision
Bouchekoua, Asma - 2013
This study examines the incremental impact of the Sarbanes-Oxley Act (SOX) on the market valuation of the discretionary component of banks' provision for loan losses. The SOX act provides an interesting context for testing the efficacy of corporate governance provisions developed in the...
Persistent link: https://www.econbiz.de/10013094386
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The Pricing Effect of Certification on Bank Loans: Evidence from the Syndicated Credit Market
Casolaro, Luca; Focarelli, Dario; Pozzolo, Alberto Franco - Dipartimento di Economia, Gestione, Società e … - 2003
This paper provides a direct test of banks' ability to mitigate informational asymmetries. In syndicated loans, lenders' incentive to screen ex ante and monitor ex post borrowers increases with the share they retain; consequently, the higher this share, the less risky the loan is considered by...
Persistent link: https://www.econbiz.de/10005583238
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Annualized Returns of Venture-Backed Public Companies Categorized by Stage of Financing: An Empirical Investigation of IPOS in the Last Three Decades
Shachmurove, Yochanan - In: Journal of Entrepreneurial Finance 6 (2001) 1, pp. 44-58
proliferate. One often hears about the incredible capital gains of IPO share prices. This paper refutes the myth that investors …
Persistent link: https://www.econbiz.de/10011310374
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Venture Financing and Role of Certification: A Theoretical Perspective
Yazdipour, Rassoul - In: Journal of Entrepreneurial Finance 6 (2001) 1, pp. 156-160
This paper attempts to extend the Certification Paradigm--mainly used in the literature as an explanation for IPO …
Persistent link: https://www.econbiz.de/10011310380
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SB IPOs and IPO Anomalies: An Empirical Analysis of the Small Firm Uniqueness Hypothesis
Brau, James C.; Carpenter, C. Troy - In: The Journal of Entrepreneurial Finance (JEF) 16 (2013) 2, pp. 75-96
). We do this by using the 5B-IPO program of the SEC as our instrument to define a small firm. Having identified small firms …, we test the three IPO anomalies to see if small firms differ from large firms along these dimensions. We find that 5B …
Persistent link: https://www.econbiz.de/10010343292
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A theory of entrepreneurial overconfidence, effort, and firm outcomes
Everett, Craig R.; Fairchild, Richard J. - In: The Journal of Entrepreneurial Finance (JEF) 17 (2015) 1, pp. 1-26
firm outcomes, such as acquisition or IPO. In our model, increasing overconfidence produces two conflicting effects on the …
Persistent link: https://www.econbiz.de/10012012684
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The Corporate Venture Capital Exit Decision
Maxin, Hannes - 2018
both the entrepreneur and the incumbent to produce their products. I analyze three different exit routes: (1) IPO, (2 … likely via an IPO, in comparison with the CVC. The analysis generates a number of empirical implications for the difference …
Persistent link: https://www.econbiz.de/10011892152
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The European venture capital landscape: an EIF perspective. Volume III: 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/10011811049
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SB IPOs and IPO anomalies : an empirical analysis of the small firm uniqueness hypothesis
Brau, James C.; Carpenter, C. Troy - In: Journal of entrepreneurial finance : JEF ; official … 16 (2013) 2, pp. 75-96
). We do this by using the 5B-IPO program of the SEC as our instrument to define a small firm. Having identified small firms …, we test the three IPO anomalies to see if small firms differ from large firms along these dimensions. We find that 5B …
Persistent link: https://www.econbiz.de/10010345093
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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