Results 101 to 110 of about 153,050 (245)
Программа «Народное IPO» в Казахстане: возможности и риски
Хабаршысы. Экономика сериясы, 2017 В данной статье представлены цели, возможности, риски и примеры IPO. Опыт Республики Казахстан в проведении программ «Народного IPO» является неоднозначным. В связи с неразвитостью фондового рынка граждане отдают предпочтение банковскому сектору.
Б. Алиева
doaj
Do Major Customers Affect Firms' Environmental, Social and Governance Activities?
European Financial Management, EarlyView.ABSTRACT We examine the role of major customers in shaping firms' environmental, social and governance (ESG) practices. We find that firms with major customer relationships undertake fewer ESG activities compared to those without such ties. The association is attenuated when institutional ownership is high, firms are less diversified, customers exhibit
Feng Dong +4 more
wiley +1 more source
Earnings management, IPO underpricing, and IPO underperformance
, 2003 The first purpose of this study is to test whether earnings management can explain the IPO underpricing phenomenon. I hypothesize that IPO firms' initial offer prices are not initially discounted, but instead, are correctly set based on the firms' unmanaged earnings.
openaire +2 more sources
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
Do banks price their informational monopoly? [PDF]
Modern corporate finance theory argues that although bank monitoring is beneficial to borrowers, it also allows banks to use the private information they gain through monitoring to "hold-up" borrowers for higher interest rates.
Galina Hale, Joao A. C. Santos
core
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
The"IPO-Plus": a new approach to privatization [PDF]
Every approach to privatization entails tradeoffs. The chief advantage of case-by-case privatization -including sales for cash or initial public offerings (IPOs)- is efficiency.
Fuchs, Michael +2 more
core
IPOs cycle and investment in high-tech industries [PDF]
, 2003 This paper analyses the effects of the Initial Public Offering (IPO) market on real investment decisions in emerging industries. We first propose a model of IPO timing based on divergence of opinion among investors and short-sale constraints.
Bouis, Romain
core
Financial Statement Information and Equity Value: The Role of Real Options Characteristics
Financial Management, EarlyView.ABSTRACT This paper examines whether firm‐specific real options characteristics are equity value‐relevant beyond valuation estimates anchored in financial statements. Using extensive historical data for the United Kingdom, we assess and compare the forecast accuracy and explanatory power for stock prices of equity valuation models based on residual ...
Mingyu (Chandler) Chen +2 more
wiley +1 more source
A Fully-Rational Liquidity-Based Theory of IPO Underpricing and Underperformance [PDF]
I present a fully-rational symmetric-information model of an IPO, as well as a dynamic imperfectly competitive model of the aftermarket trading that follows. The model helps explain why IPO share allocations favor large institutional investors.
Matt Pritsker
core