IPOs and SPACs: Recent Developments
After two decades of low initial public offering (IPO) activity and a number of regulatory
changes, the number of IPOs of both operating companies and special purpose acquisition …
changes, the number of IPOs of both operating companies and special purpose acquisition …
COVID-19: Fear of pandemic and short-term IPO performance
S Mazumder, P Saha - Finance research letters, 2021 - Elsevier
This study analyzes the relationship between COVID-19 related fear and short-term IPO
performance. Though the average market-adjusted initial return of IPOs in the year 2020 is …
performance. Though the average market-adjusted initial return of IPOs in the year 2020 is …
Media coverage and investment efficiency
We examine the effect of media coverage on firm-level investment efficiency. We find that
media coverage reduces under-investment but increases over-investment. The negative …
media coverage reduces under-investment but increases over-investment. The negative …
Steering the Intangible Wheel: Chief Executive Officer Effect on Corporate Cultural Change
We provide large-scale empirical evidence of how much chief executive officers (CEOs)
change corporate culture. To do this, we use employee reviews to measure corporate …
change corporate culture. To do this, we use employee reviews to measure corporate …
Democracy and the pricing of initial public offerings around the world
We find a negative relation between democracy and initial public offering (IPO) underpricing
for a sample of 23,050 IPOs across 45 countries. The effect of democracy on underpricing is …
for a sample of 23,050 IPOs across 45 countries. The effect of democracy on underpricing is …
Societal secrecy and IPO underpricing
We examine how societal secrecy affects the underpricing of initial public offerings (IPOs).
Using a large sample of 18,304 IPOs across 38 countries, we find robust evidence that IPO …
Using a large sample of 18,304 IPOs across 38 countries, we find robust evidence that IPO …
Decrypting IPO pricing: an integrated bibliometric and content analysis approach
Purpose Since 2018, there has been a resurgence in initial public offering (IPO) pricing
studies. The authors aim to consolidate the knowledge and explore current dynamics …
studies. The authors aim to consolidate the knowledge and explore current dynamics …
Confucianism and IPO underpricing
H Liu, YM Chiang - Pacific-Basin Finance Journal, 2022 - Elsevier
Previous studies show culture has an impact on IPO underpricing. Can Confucianism being
a traditional culture system in China affect underpricing of Chinese IPOs? If yes, through …
a traditional culture system in China affect underpricing of Chinese IPOs? If yes, through …
Global board reforms and the pricing of IPOs
We document that global board reforms are associated with a significant reduction in the
underpricing of initial public offerings (IPOs). The effect is amplified for IPOs with greater …
underpricing of initial public offerings (IPOs). The effect is amplified for IPOs with greater …
The influences of information demand and supply on stock price synchronicity
YF Chen, CF Lee, FL Lin - Review of Quantitative Finance and Accounting, 2023 - Springer
This study investigates how information flow affects the determinants of stock price
synchronicity, with a focus on the role of investors' information demand and supply. We …
synchronicity, with a focus on the role of investors' information demand and supply. We …