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market timing in the firm’s decision to go public, it was seen that firms had shown an unwillingness to come up with an IPO … IPO process; however, political connections and donations mitigate this effect. Third, the research in this domain is …
Persistent link: https://www.econbiz.de/10014382604
privatization (i.e., IPO) has different effects depending on the types of owners to whom it gives control in corporate governance …
Persistent link: https://www.econbiz.de/10012212672
privatization (i.e., IPO) has different effects depending on the types of owners to whom it gives control in corporate governance …
Persistent link: https://www.econbiz.de/10012610022
Persistent link: https://www.econbiz.de/10009777590
This article compares the initial returns of privatization initial public offerings (IPOs) to those of privately …-owned enterprises and investigates the determinants of short-run performance of privatization IPOs, using a sample of 185 privatization … comparing privatization IPOs to the private IPOs, the cross-sectional determinants of privatization initial returns are analyzed …
Persistent link: https://www.econbiz.de/10010937143
Uniform price auctions admit a continuum of collusive seeming equilibria due to bidders' market power. In this paper, I modify the auction rules in allowing the seller to ration strategic bidders in order to ensure small bidders' participation. I show that many of these "bad" equilibria...
Persistent link: https://www.econbiz.de/10005836943
The purpose of this paper is to investigate IPO developments across five CEE countries between 2003 and 2012. Using a … accelerating IPO activity. For this purpose we performed a Spearman correlation analysis. The data were evaluated at the … European capital countries. The unambiguous leader in the region is Poland with a flourishing IPO market. Our assumption that a …
Persistent link: https://www.econbiz.de/10011249460
The present paper aims at research into the causes of the low interest of Czech companies in financing their activities through IPOs, research into implemented IPOs in the modern history of the Czech capital market, and an outline of perspectives of further development in this area. To achieve...
Persistent link: https://www.econbiz.de/10009398958
This paper presents evidence on the failed initial public offerings that used best efforts contracts. Out of 732 best efforts IPOs attempted in 1980-84, 186 IPOs (about one fourth) failed to meet minimum sales requirement and were subsequently withdrawn. Offerings with greater uncertainty about...
Persistent link: https://www.econbiz.de/10010790644
The incentive stock options (ISOs) are similar to the regular stock call options. However, when one considers various taxing laws regarding the ISO stocks, the ISOs have unique features differentiated from the regular stock call options. In general, no income from ISOs is realized, for tax...
Persistent link: https://www.econbiz.de/10010790672