The Deregulation of the Private Equity Markets and the Decline in IPOs [PDF]
, 2020 The deregulation of securities laws—in particular the National Securities Markets Improvement Act (NSMIA) of 1996—has increased the supply of private capital to late-stage private startups, which are now able to grow to a size that few private firms used
Ewens, Michael, Farre-Mensa, Joan
core
From Regression to Reasoning: Predicting M&A Announcement Returns With Large Language Models
European Financial Management, EarlyView.ABSTRACT This study investigates whether large language models (LLMs) can predict short‐term market reactions to M&A announcements. We prompt OpenAI's latest reasoning models (o3, GPT‐5, and GPT‐5.1) to forecast whether the combined market value of acquirer and target will increase or decrease, drawing on deal‐, firm‐, and macroeconomic data for large ...
Maximilian Schreiter +2 more
wiley +1 more source
Analisis Reaksi Pasar Modal Setelah Pengumuman Initial Public Offering (Ipo) Pada Perusahaan Yang Terdaftar Di Bursa Efek Jakarta [PDF]
, 2010 Stock exchange is a means to acquire capital and accumulate funds, therefore it is important in improving the public's participation in generating fund so as to support the national development.
Idrus, M. S. (M) +2 more
core
Understanding First-day Returns of Hospitality Initial Public Offerings [PDF]
, 2003 [Excerpt] The decision for a company to issue shares publicly for the first time is not to be taken lightly. The manager-owner of a private firm must carefully weigh the benefits of an initial public offering (IPO) against the costs.
Canina, Linda, Gibson, Scott
core +1 more source
Climate Regulation and ESG Disclosure in Maritime Transport
European Financial Management, EarlyView.ABSTRACT This paper investigates whether climate policy signals influence ESG disclosure quality in maritime transport, a capital‐intensive industry responsible for roughly 3% of global CO₂ emissions. Using panel data from 126 listed shipping firms between 2009 and 2023, we construct an author‐based disclosure quality index and treat the IMO's 2018 ...
Xakousti Afroditi Merika +1 more
wiley +1 more source
Pengaruh Rasio Profitabilitas Sebelum Initial Public Offering (Ipo) 2010 Terhadap Nilai Perusahaan Dan Kecenderungan Profitabilitas Di Tahun 2011 [PDF]
, 2013 Penelitian ini bertujuan untuk menjelaskan pengaruh rasioprofitabilitas yang terdiri dari beberaparasio yaitu retrun on assset (ROA), retrun on equity (ROE), net profit margin (NPM)sebelum initial public offering (IPO) terhadap harga saham saat initial ...
AR, M. D. (M) +2 more
core
Divergent Opinions in the Pre-Issue Market and the Pricing of Initial Public Offerings [PDF]
, 2008 Investors in an initial public offering (IPO) face a lack-of-information problem: They have to guess the new stock’s aftermarket price. This problem poses a risk when there is no consensus in investors’ pre-issue opinions and the risk is greater when ...
Qi, R, Zhou, X
core +1 more source
Early‐Life Disaster Exposure and the Investment Response to Monetary Policy
Financial Review, EarlyView.ABSTRACT We place CEOs' formative experiences at the center of analyzing how firms respond to monetary policy. Specifically, we examine how early‐life exposure to natural disasters shapes CEOs’ investment behavior following monetary shocks. CEOs with exposure to moderate natural disasters during their formative years exhibit stronger risk‐taking ...
Samer Adra +3 more
wiley +1 more source
Jurnal Akuntansi, 2017 The development of family firms led to increase the funding requirement for expansion. Family firms can obtain funds from capital market by doing initial public offering (IPO).
I Made Sudana, Ni Putu Nina Aristina
doaj +1 more source
Takeover defenses and IPO firm value in the Netherlands [PDF]
The central question of this study involves the relation between the use of takeover defenses and IPO firm value. We report that management frequently uses takeover defenses before taking the firm public.
Goot, T. van der, Roosenboom, P.G.J.
core +1 more source