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The Performance and Long-Run Characteristics of the Chinese IPO Market

Chi, Jing; Padgett, Carol - Henley Business School, University of Reading - 2002

We study the short-run and long-run performance of Chinese privatization initial public offerings (PIPOs), using data …

Persistent link: https://www.econbiz.de/10005357668

The operating performance of French IPO firms

Stephanie, Serve - Volkswirtschaftliche Fakultät, … - 2004

the period 1996-2000. A significant decline in operating performance subsequent to the Initial Public Offering (IPO) is … found. Companies appears to sustain sales growth but not capital expenditure after the IPO. Additionally, there is a … significant negative relation between post-IPO change in operating performance and equity retention by the original ownership. …

Persistent link: https://www.econbiz.de/10005260157

Problems of company financing via IPO in the Czech capital market

Meluzín, Tomáš - In: Ekonomika a managment 2008 (2008) 4

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

The dark side of independent venture capitalists: Evidence from Japan

Sun, Yue; Uchida, Konari; Matsumoto, Mamoru - In: Pacific-Basin Finance Journal 24 (2013) C, pp. 279-300

-backed IPO firms are significantly younger and smaller than IPO companies backed by venture capital firms that are subsidiaries … and go public on stock exchanges with less strict listing requirements due to their immaturity. Young and small IPO …

Persistent link: https://www.econbiz.de/10010729588

Does market timing persistently affect capital structure? Evidence from stock market liberalization

Huang, I-Hsiang - In: Pacific-Basin Finance Journal 26 (2014) C, pp. 123-144

Utilizing stock-market liberalization, we test whether managers exploit favorable market conditions to time their firms' IPOs, and whether or not the timing will have a persistent, negative impact on leverage. Using a sample of 235 Taiwanese IPOs over the 10-year period surrounding the first...

Persistent link: https://www.econbiz.de/10010753128

IPO1-SPO2 problems of the Russian companies

Abramov, Alexandr - In: Russian Economic Developments (2012) 11, pp. 61-68

involved in IPO and SPO in this short time is different. …

Persistent link: https://www.econbiz.de/10010667840

Corporate evolution following initial public offerings in China: A life-course approach

Liu, Jia; Lister, Roger; Pang, Dong - In: International Review of Financial Analysis 27 (2013) C, pp. 1-20

We study the determinants of firms’ post-IPO trajectory in terms of three outcomes: delisting; acquisition with change …

Persistent link: https://www.econbiz.de/10010636500

Institutional investors' response to earnings management before initial public offering in poland

Bukalska, Elżbieta; Sosnowski, Tomasz; … - In: Prague economic papers : a bimonthly journal of … 32 (2023) 1, pp. 45-60

offered in initial public offering (IPO). The sample consists of 258 Polish new stock companies over the period 2005-2020. We … find that such companies refrain from massive earnings management in the pre-IPO period: both real and accrual …-based. However, we find evidence that the presence of institutional investors in the IPO is related to earnings inflation (selling …

Persistent link: https://www.econbiz.de/10014516183

An analysis of selling concessions, reallowance fees, and price changes in the marketing of IPOs

Brau, James C.; Henry, Joseph J. - In: Journal of entrepreneurial finance : JEF ; official … 24 (2022) 4, pp. 18-47

clientele of sophisticated investors, consistent with Shiller's Impresario Hypothesis. Our pre-IPO bubble (1981-1996) empirical … results yield evidence supporting both selling mechanisms. Under-demanded small IPO issues are "pushed" by the brokers, while … some under-demanded large IPO issues instead increase the offer price, with large first-day turnover characteristics of …

Persistent link: https://www.econbiz.de/10013459241

Determinants of IPO´s underpricing : a systematic review

Oliveira, Carlos Henrique Firmino de; Lebre Rodrigues, … - In: Contemporary economics 17 (2023) 3, pp. 252-274

In an Initial Public Offering (IPO) process, it is expected that there will be different share price valuations by … corporate structure of the company - an IPO opens up possibilities of immediate gains, as they can purchase at prices lower than … worldwide, use of a behavioral approach to analyze investor motivations, and the presence of institutional investors as IPO …

Persistent link: https://www.econbiz.de/10014436051