"The previous literature documents that insurance initial public offerings (IPOs) are less underpriced than those of noninsurance firms. This difference is usually attributed to lower information asymmetry for regulated firms. However, we find that once one controls for the file price adjustment...

Net new equity issues, defined as the amount of new equity issued less the amount of seasoned equity retired, is significantly negatively related to the level of future IPO initial returns, both on average and at the firm level. The extreme fluctuations in net new equity issues play an important...

This study investigates the comovement across China, Hong Kong, and U.S. stock markets with the dynamic conditional correlation (DCC) model proposed in Engle (2002). This study answers three questions. First, will the policies of the Qualified Foreign Institutional Investors system (QFII) and...

The application of solid polymer electrolytes (SPEs) is a versatile strategy to increase the energy density of solid-state batteries as well as their safety. Poly(ethylene oxide) (PEO) is an appealing matrix for SPEs due to its superior lithium salt dissolution ability. However, while such...

In a large sample of shareholder initiated class action lawsuits from 1996 to 2011, we find a significant increase in informed insider option exercises during the class action period compared to the preceding quarter, and we find that this change is positively related to the probability of...