Results 151 to 160 of about 152,620 (261)
Dynamics of High‐Growth Young Firms and the Role of Venture Capitalists
International Economic Review, EarlyView.ABSTRACT Motivated by the substantial growth and upfront investments of venture capital (VC)‐backed firms observed in administrative US Census data, this study develops a life‐cycle firm dynamics model. In the model, startups choose the source of financing from VC, angel investors, or banks, depending on their growth potential, and invest in innovation.
Yoshiki Ando
wiley +1 more source
The Market Performance of Initial Public Offerings in the Istanbul Stock Exchange [PDF]
This study examines the long-standing IPO performance in the Istanbul Stock Exchange (ISE) by using new factors such as source of shares (new issue or sale of large shareholders), allocation of shares and dispersion of investors as well as existing ...
Mustafa K. Yilmaz, Recep Bildik
core
International Journal of Auditing, EarlyView.ABSTRACT This paper examines the role of country‐level regulatory disclosure requirements in moderating the relationship between audit partner tenure and audit fees. Using a sample of publicly listed companies in Western Europe, our findings reveal that audit partners with longer tenure charge higher fees, reflecting their incremental contribution to ...
Adam Aoun, Cédric Poretti
wiley +1 more source
Information production and bidding in IPOs: An experimental analysis of auctions and fixed-price offerings [PDF]
Despite their theoretical efficiency in selling shares to the public, auctions are not the preferred mechanisms of issuers in Initial Public Offerings (IPOs).
Langer, Thomas, Trauten, Andreas
core
, 2023 In recent years, a noticeable global trend toward the usage of sustainable practices and green energy choices has occurred. Lately the war on Ukraine and the resultant crisis on the supply of gas throughout Europe has put more pressure on the European Union to guarantee a reliable supply of gas without being dependant in Russia.
openaire +1 more source
Disclosure Benchmarking by Lawyers: Evidence From the IPO Setting
Journal of Business Finance &Accounting, EarlyView.ABSTRACT Lawyers play an important advisory role in drafting financial reports, yet empirical evidence documenting the influence of external legal counsel on this process remains sparse. This study focuses on a specific aspect of lawyers’ drafting process: the practice of reviewing disclosures previously filed by other issuers—a practice termed ...
Michael Drake +4 more
wiley +1 more source
The Existence and Effectiveness of Price Support Activities in Germany: A Note [PDF]
The overallotment or greenshoe option has become very popular in the German IPO market since its introduction in 1995 and is nowadays an important tool to stabilize IPOs or to issue additional shares in the case of excess demand.
Oehler, Andreas +2 more
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Serial Investing and Strategic Commitment in Markets With Unknown Competitors
Journal of Economics &Management Strategy, EarlyView.ABSTRACT We study how serial investors who regularly face unknown competitors attempt to make their projects dominant. Innovating in new markets often involves uncertainty over the nature of the final product and who the key competitors will be. Such projects also have long‐term funding needs, so a commitment to provide the necessary funds imparts a ...
Naveen Khanna, Richmond Mathews
wiley +1 more source
Interest Rates and Initial Public Offerings [PDF]
We study the relation between IPO investment and the rate of interest. We model the IPO timing decision and show that the implied relation between interest rates and investment is non-monotonic, and the data support the implication.
Boyan Jovanovic, Peter L. Rousseau
core
Going Public and the Internal Organization of the Firm
The Journal of Finance, EarlyView.ABSTRACT This paper examines how initial public offerings (IPOs) affect firms' internal organization. We find that IPO firms become more hierarchical and standardized organizations, characterized by additional layers, more managers, smaller control spans, and larger administrative functions. These changes occur mostly in preparation for the IPO and can
DANIEL BIAS +3 more
wiley +1 more source