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ABSTRACT We survey 336 chief financial officers (CFOs) to compare practice to theory in the areas of initial public offering (IPO) motivation, timing, underwriter selection, underpricing , signaling ...
from the Morningstar Review of short-run performance of initial DatAnalysis database, we analyzed 211 Australian publicly traded public offerings in Australia. Corporate Ownership & Control , 18(2), 188 ...
We investigate the use of unit (i.e., package) initial public offerings by Australian industrial firms and conclude that their use reflects their role as a signaling mechanism (Chemmanur ...
Abstract We examine the initial public offering (IPO) underpricing phenomenon in Poland using data from the Warsaw Stock Exchange (the main market). In the article we survey historical average IPO ...
the underpricing of initial public offerings (IPOs). Examining 4462 IPOs across 29 countries from 2000 to 2004, we find the surprising result that underpricing is higher in countries with corporate governance ...
We propose an “M&A activity” hypothesis as a partial explanation for initial public offering (IPO) underpricing . When going public during active corporate control markets, managers may take actions ...
Purpose – The purpose of this paper is to examine whether and how underpricing is associated with board structure and corporate ownership among firms conducting initial public offerings (IPOs ...
additional evidence regarding two theories related to initial public offering (IPO) underpricing (i.e., a significant positive first day return), asymmetric information and managerial ownership . We find ...
concentration and aligning ownership and control for entrepreneurial firms will instead incur principal‐principal conflicts and deepen initial public offering (IPO) underpricing . In some countries, principal ...
PurposeThe purpose of this paper is to investigate the effect of the control - ownership wedge of controlling shareholders (excess control ) on the survival of French initial public offerings (IPOs ...
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