Initial Public Offerings
Determinants of oversubscriptions of initial public offerings (IPOs) in Malaysia
... Initial Public Offerings (IPOs) are an alternative way of raising funds for companies in order to avoid ...the public image of the ...through public listing, a company is able to raise ...
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Financial Expert CEOs and Earnings Management Around Initial Public Offerings
... This study examines the association between financial expert CEOs and earnings management (EM) around initial public offerings. We identify financial expert CEOs as those having past experience in ...
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Underpricing of Initial Public Offerings: A Literature Review
... Abstract Rock’s [1] theory ascertains information asymmetry as a primary reason to answer “Why New Issues are Underpriced?” Theoretical construct of this seminal work is based on information asymmetry between various ...
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Are Accruals during Initial Public Offerings Opportunistic?
... American Accounting Association 1995 conference, New York, and the Review of Account- ing Studies–University of California, Berkeley 1998 Conference. The paper also benefited from comments received on related papers ...
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Initial Public Offerings in the Cyprus Stock Exchange
... To the best of the author‘s knowledge, there is no other study of Initial Public Offerings in the Cyprus Stock Exchange, which approaches the subject from almost all angles i.e., the short- and ...
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The Market Performance of Initial Public Offerings in the Istanbul Stock Exchange
... The puzzle of initial public offerings’ (IPOs) pricing both in the short and long-run has become a riveting example of pervasive market inefficiency. Ritter (1991) and Loughran and Ritter (1995) ...
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Intended Use of Proceeds and the Performance of Initial Public Offerings (IPO)
... Other than debt financing, Initial Public Offerings (IPO) become a common method of capital raising among firms for various purposes. Prospectus is issued on the pre-issuance of the IPO disclosing ...
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Initial Public Offerings and Venture Capital in Germany
... of initial public offerings (IPOs) and venture capital (VC) in Germany after the Second World ...going public for the first time in the US or the ...
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Earnings Management and the Long-Run Market Performance of Initial Public Offerings
... equity offerings from SDC ~ 1980–1997 ! , and match ~ by CRSP IPERM ! seasoned equity offer- ings to their corresponding ...Equity offerings later than five years after the first post-IPO financial ...
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The Venture Capital Certification Role In Initial Public Offerings
... Using high frequency Euronext Paris data, the paper examines the market microstructure trading characteristics of venture backed initial public offerings (IPOs) in the French market. Previous North ...
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The efficiency in pricing of initial public offerings: A comparison of Australian and US markets
... of initial public offerings (IPOs) which are listed on the Australian Securities Exchange (ASX) and a comparable sample of IPOs listed on US stock ...
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The Short- And Long-Term Performance Of Privatization Initial Public Offerings In Europe
... of public enterprises and budget constraints, particularly during periods of economic ...of public enterprises through reducing the political interference in the decision-making process, increasing ...
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Aftermarket performance of initial public offerings and its determinants in Pakistan
... Recently, Alanazi and Al-Zoubi (2015) found discovered extreme underpricing (227.4%) of IPOs in six Gulf Cooperation Council (GCC) countries comprising Oman, Saudi Arab, Bahrain, United Arab Emirates and Kuwait. Loughran ...
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Role Of Underwriters In Restraining Earnings Management In Initial Public Offerings
... of initial public offering issuers is a great concern to investors due to their information disadvantage regarding the quality of the ...an initial public offering (IPO) (Brau and Fawcett, ...
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Effect of Lockup Agreements on Buyout Backed Initial Public Offerings
... The initial sample from Thomson ONE Banker comprised of 855 buyout backed ...IPO initial value, and the post offer ...code, public status date, IPO flag (Y/N), lockup flag (Y/N), lockup expiration ...
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The Underpricing of Initial Public Offerings: Further Canadian Evidence
... provide strong evidence favouring the asymmetric information theory. Su and Fleisher (1999) analyse Chinese IPOs during the period of 1985-1987 and find that the level of underpricing for A-shares is 948,6%. Arosio, ...
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The Financial Performance of REITs Following Initial Public Offerings
... Abstract. This study examines changes in operating performance among real estate investment trusts following an initial public offering (IPO). The purpose is to determine whether there is an enhancement in ...
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Essays on initial public offerings
... Initial public offering (IPO) is one of the key decisions in the life of a ...to public equity markets include lower cost of capital, the attraction of more institutional investors, liquidity of ...
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Dual class shares, initial public offerings and the market for corporate control
... activity in the European Union. In an attem pt to create a ‘level playing-field’ in Eu ropean takeover regulation, the EU Commission drafted a Proposal for a Thirteenth Council Directive on Company Law in 1989. Its ...
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Article Initial Public Offerings, Underpricing and Performance: The Case of Top International Brands
... IPO related data was gathered from Thomson Investment Banker available at Bocconi University. We searched the 370 brand companies; however, we end up with 104 companies that have available IPO data on Thomson database. ...
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