This paper posits that distinguishing security token offerings (STOs) from initial coin offerings
(ICOs) is important for the study of entrepreneurial finance. We first provide a working …

We document that announcement-period abnormal returns of sovereign wealth fund (SWF)
equity investments in publicly traded firms are positive but lower than those of comparable …

We study the consequences of a US deregulation allowing small firms to accelerate their
public equity issuance. Post-deregulation, affected firms double their reliance on public …

This study investigates whether corporate governance affects the relationship between
earnings management and firm performance by using Taiwanese data. We used an …

Private investments in public equities (PIPEs) are an important source of finance for public
corporations. PIPE investor returns decline with holding periods, while time to exit depends …

Several formal proposals have been made to address shareholder short-termism and
speculative behavior. These include the imposition of a financial transaction tax, changes to …

This paper reviews the long‐run event‐study debate by outlining the strengths and
weakness of the most commonly used alternative techniques. The fist part of the discussion …

Our study examines the pricing of private placements for issuing firms subject to outstanding
loan covenants. Using Private Investments in Public Equity (PIPE) deals from 2001 to 2018 …

This article has two related tasks. First, we review the articles published in this Special Issue
on Corporate Control, Mergers, and Acquisitions. These articles provide new evidence on …

This study exploits the mandatory adoption of International Financial Reporting Standards
(IFRS) as an exogenous shock to the corporate information environment to examine how the …