Navigating New Terrain: Domestic Geographical Dispersion and IPO Survival in the United States
Journal of Business Finance &Accounting, Volume 53, Issue 1, Page 352-379, February 2026.ABSTRACT Using a text‐based measure to capture firms’ domestic geographic diversification within the United States, this study finds that newly listed firms with extensive geographic dispersion face an elevated risk of failure. This vulnerability is especially pronounced in industries dominated by soft information environments, where effective ...
Dimitrios Gounopoulos +2 more
wiley +1 more source
Convertible Bond Underpricing: Renegotiable Covenants, Seasoning and Convergence (Published in "Management Science", Vol. 53, No. 11, November 2007, pp. 1793.1814. ) [PDF]
We investigate the long-standing puzzle on the underpricings of convertible bonds. We hypothesize that the observed underpricing is induced by the possibility that a convertible bond might renegotiate on some of its covenants, e.g., an imbedded put ...
Alex W.H. Chan, Nai-fu Chen
core
Is Pollution Reduced or Redistributed? The Impact of Electric Vehicle Subsidies in China
Journal of Economics &Management Strategy, Volume 35, Issue 1, Page 59-98, Spring 2026.ABSTRACT This paper examines the geographically heterogeneous environmental effects of electric vehicle (EV) subsidies in China and compares EV subsidies with alternative policies that price environmental externalities. The study employs a structural model that features demand and supply to analyze the environmental effects of EV subsidies through ...
Lisha Meng, Junji Xiao, Mengxin Liu
wiley +1 more source
Keunis, 2019 Stock underpricing is a situation where the stock price at the time of supply in the primary market lower than when traded in the secondary market. Stock Underpricing is unfavorable phenomenon for companies that go public, because the funds obtained the ...
Ulfa Setyaningsih +2 more
doaj +1 more source
Why are the French so Different from the Germans? Underpricing of IPOs on the Euro New Markets [PDF]
IPOs on the EuroNMs have shown very high underpricing.The majority of these IPOs possess specific characteristics such as lock-up agreements, venture-capital financing, ownership by the underwriter and over-allotment options.We study how these ...
Goergen, M. +2 more
core +1 more source
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
Initial public offerings and venture capital in Germany [PDF]
, 2003 We present a survey on the role of initial public offerings (Epos) and venture capital (VC) in Germany after the Second World War. Between 1945 and 1983 IPOs hardly played a role at all and only a minor role thereafter.
Franzke, Stefanie +2 more
core
The impact of platform corporate venture capital vs. traditional corporate venture capital on internet initial public offering underpricing: Evidence from Chinese-listed internet firms. [PDF]
Front Psychol, 2022 Fu F, Chen S.
europepmc +1 more source
Underpricing, Risk Management, Hot Issue and Crowding out Effects: Evidence from the Australian Resources Sector Initital Public Offerings [PDF]
In this paper, we provide a comprehensive investigation of 260 initial public offerings (IPOs) in the Australian resource sector for the 1994 – 2004 period. Consistent with the existing IPO literature, we document a 16.13% underpricing return by firms in
Hoa Nguyen +2 more
core
Studi Empiris Tingkat Underpricing pada Initial Public Offering [PDF]
Jurnal Akuntansi Multiparadigma, 2015 At Initial Public Offering (IPO), underpricing still happened. This is due to asymmetric information between firms and underwriters. This research to analyze accounting factors and non-accounting factors which affect the level of underpricing.
Daniel Sugama Stephanus
doaj