Going public - going private : the case of VC-backed firms [PDF]
We investigate the decisions of listed firms to go private once again. We start by revealing that while a significant number of firms which go public is VC-backed, an overproportional share of these VC-backed firms go private later on (they stay on the ...
Gill, Andrej, Walz, Uwe
core +1 more source
ABSTRACT This paper examines the prediction of IPO withdrawal using machine learning methods (lasso and random forest) and conventional regression (logit). The dataset comprises 2444 US first‐time IPOs from 1997 to 2014. Results show that random forest outperforms both logit and lasso in in‐sample and cross‐sectional out‐of‐sample predictions when the ...
Annika Reiff
wiley +1 more source
What's in a name and when does it matter? The hot and cold market impacts on underpricing of certification, reputation and conflicts of interest in venture capital backed Korean IPOs [PDF]
This article analyses the impact of the participation of venture capital (VC) firms on underpricing in 372 businesses brought to IPO during the period 1999-2001 in KOSDAQ.
Alan Hughes, Jaeho Lee
core
Algorithmic management in the gig economy: A systematic review and research integration
Summary Rapid growth in the gig economy has been facilitated by the increased use of algorithmic management (AM) in online platforms (OPs) coordinating gig work. There has been a concomitant increase in scholarship related to AM across scientific domains (e.g., computer science, engineering, operations management, management, sociology, and law ...
Imran Kadolkar +2 more
wiley +1 more source
The Economic Consequences of Social Unrest: Evidence from Initial Public Offerings
ABSTRACT Prior research attributes negative stock market performance following episodes of social unrest to elevated uncertainty. However, social unrest does not solely increase uncertainty but separately acts to decrease investor sentiment. To determine which effect dominates, we study initial public offering (IPO) underpricing, which responds ...
Philip Barrett +2 more
wiley +1 more source
Analysis of IPO Underpricing Fluctuation: Empirical Study in Indonesia Stock Exchange
This study attempts to analyze fluctuation of IPO underpricing in Indonesia market from 1990-2010. This research test three proposed hypotheses: changing risk composition, changing incentives alignment, and changing issuers objective function.
Mamduh M. Hanafi
doaj +1 more source
Public information and IPO underpricing [PDF]
We analyze the effect of public information on rational investors' incentives to reveal private information during the bookbuilding process and their demand for allocations in the IPO. Our model generates several new predictions. First, investors require
Bakke, Einar +2 more
core
Toward a process theory of entrepreneurship: revisiting opportunity identification and entrepreneurial actions [PDF]
This dissertation studies the early development of new ventures and small business and the entrepreneurship process from initial ideas to viable ventures. I unpack the micro-foundations of entrepreneurial actions and new ventures’ investor communications
Hwang, Chiung-Yi
core +1 more source
<p>This paper examines why the degree of underpricing of IPOs in Korea is much greater than in the U.S. The analysis shows that both the issuing firm and its underwriter tend to set the IPO price below the mean of the probability distribution of initial market price; the magnitude of IPO underpricing depends positively on the uncertainty of the ...
openaire +2 more sources
Short-Run Under Pricing and its Characteristics in Chinese IPO Markets [PDF]
We study the short-run performance of the Chinese privatization initial public offerings (PIPOs), using data of 668 new issues on the both Shanghai and Shenzhen Stock Exchanges from 1 January 1996 through 31 December 2000. We find that the average market-
Dr. Carol Padgett, Jing Chi
core

