The Underpricing of Initial Public Offerings in Imperial Germany, 1870-1896 [PDF]
In this article, we evaluate underpricing of initial public offerings (IPOs) at the Berlin Stock Exchange between 1870 and 1896. In contrast to modern data, first day returns were extraordinary low and averaged less than five percent, even during the ...
Carsten Burhop
core
The price of liquidity: the effects of market conditions and bank characteristics [PDF]
We study the prices that individual banks pay for liquidity (captured by borrowing rates in repos with the central bank and benchmarked by the overnight index swap) as a function of market conditions and bank characteristics.
Fecht, Falko +2 more
core
What determines IPO underpricing ? Evidence from a frontier market [PDF]
This paper empirically analyzes the short run performance of Tunisian initial public offerings (IPO). It sheds light on the determinants of IPO’s in a context of a frontier market characterized by high information asymmetry, low information efficiency ...
Ben Slama, Sarra +2 more
core +1 more source
Identification of Scams in Initial Coin Offerings With Machine Learning. [PDF]
Front Artif Intell, 2021 Karimov B, Wójcik P.
europepmc +1 more source
Political Participation and Entrepreneurial Initial Public Offerings in China [PDF]
This paper examines the value of political participation by private entrepreneurs in China. Using a unique sample of all initial public offerings by entrepreneurial firms during 1994-2007 and political participation by the controlling entrepreneurs, we ...
Feng, Xunan +2 more
core
Why do Companies Include Warrants in Seasoned Equity Offerings: The case of French Unit Offerings. [PDF]
We analyse the reasons why companies issue units when they raise additional capital. In contrast to previous evidence, our results show that units are not offered to mitigate the agency conflicts or to signal security mispricing as they are predominantly
Gajewski, Jean-François +2 more
core
Evaluating the Impacts of Subsidy Removal by Using a Linear-Quadratic Storage Model: the Case of Tunisian Sugar Industry. [PDF]
J Knowl Econ, 2023 Khalifa NB, Abbassi A, Dakhlaoui A.
europepmc +1 more source
Are IPOs of Different VCs Different? [PDF]
This paper sets out to analyze the influence of different types of venture capitalists on the performance of their portfolio firms around and after IPO. We investigate the hypothesis that different governance structures, objectives, and track records of ...
Tykvová, Tereza, Walz, Uwe
core
Covid-19 vaccines and investment performance: Evidence from equity funds in European Union. [PDF]
Financ Res Lett, 2023 Mirza N, Umar M, Mangafic J.
europepmc +1 more source