[HTML][HTML] IPO price formation and board gender diversity

PR Rau, J Sandvik, T Vermaelen - Journal of Corporate Finance, 2024 - Elsevier
Using a sample of US IPOs from 2000–2019, we show that IPOs with at least one female
director experience significantly greater underpricing on the first trading day. The effect is not …

[HTML][HTML] Going public: evidence from stock and bond IPOs in Belgium, 1839–1935

M Deloof, A de Jong, W Legierse - Cliometrica, 2023 - Springer
We investigate firms' initial stock and bond issues in public capital markets and explain
fluctuations in these IPOs over time. We study Belgium from 1839 to 1935, which provides a …

Securities laws and the choice between loans and bonds for highly levered firms

R Prilmeier, RM Stulz - 2019 - ideas.repec.org
In contrast to bonds, levered loans do not require SEC registration. We show that this
distinction plays an important role in firms’ choice between funding through loans and …

[图书][B] Are Women Undervalued?: Board Gender Diversity and IPO Underpricing

PR Rau, J Sandvik, T Vermaelen - 2022 - ecgi.global
We show that investor preferences for diversity have had a significant effect on the initial
returns earned by US firms going public with gender diverse boards over the past decade …

Share Repurchases and Investment Policies

P Brockman, HSG Lee, JM Salas - Jesus M., Share Repurchases …, 2022 - papers.ssrn.com
Our study examines whether share repurchases lead to reductions in real investments.
Repurchase opponents argue that managers forego value-enhancing investments to …

The information value of distress

C Hilpert, S Hirth, A Szimayer - Management Science, 2024 - pubsonline.informs.org
We propose a novel framework for investigating learning dynamics on the debt market.
Observing a firm's survival of apparently distressed periods, the market eliminates asset …

Debt analyst coverage of private firms

JR Gillette - The Accounting Review, 2023 - publications.aaahq.org
This study examines how information spillovers from equity to debt markets (“equity
spillovers”) affect sell-side debt analysts' activities and the informativeness of their reports …

[PDF][PDF] Valuing Soft Information: IPO Price Formation and Board Gender Diversity

PR Rau, J Sandvik, T Vermaelen - 2022 - ecgi.global
We study the relation between board gender diversity and initial public offering (IPO) price
formation. We find that IPOs experience significantly greater underpricing when the firm's …

[PDF][PDF] ОБЩЕСТВЕННЫЕ ФИНАНСЫ

ГФ Ромашкина, КВ Андрианов, ЮА Юхтанова - library.volnc.ru
В статье исследуются особенности развития рынков государственных облигаций
стран СНГ. В выборку вошли Россия, Казахстан, Узбекистан и Азербайджан, поскольку …

Características financieras de las empresas de la Bolsa de Valores de Lima que explican la decisión de realizar una IPO durante el periodo 1996-2014

MA Cucho Goyas, JA Cajahuanca Atencio - repositorioacademico.upc.edu.pe
La presente investigación, tiene como objetivo principal determinar características
financieras de empresas de la Bolsa de Valores de Lima que explican la decisión de …