The purpose of this monograph is to provide an overview of the IPO literature since 2000.
The fewer numbers of companies going public in recent years has raised many questions …

Get a distinctly European take on corporate finance The newly revised Sixth Edition of
Corporate Finance: Theory and Practice delivers a uniquely European perspective on the …

We find a strong positive link between past IPO returns and future subscriptions at the
investor level in Finland. Our setting allows us to trace this effect to the returns personally …

We advance a dynamic institution‐based view of the firm that extends the theory's current
focus on scope of pro‐market reforms (degree of market liberalization in a given year) to …

Anecdotal evidence seems to suggest that the initial public offering (IPO) market performed
remarkably well through the COVID-19 pandemic. To further understand this peculiar …

Newly public firms make acquisitions at a torrid pace. Their large acquisition appetites reflect
the concentration of initial public offerings (IPOs) in mergers and acquisitions-(M&A-) …

This study examines the effect of the Jumpstart Our Business Startups Act (JOBS Act) on
information uncertainty in IPO firms. The JOBS Act creates a new category of issuer, the …

We find that initial public offerings (IPOs) with high expected skewness experience
significantly greater first-day returns. The skewness effect is stronger during periods of high …

We develop a model in which time-varying real investment opportunities lead to time-varying
adverse selection in the market for IPOs. The model is consistent with several stylized facts …

Nearly 40% of IPO firms redact information from their SEC registration filings. These firms
exhibit characteristics consistent with the need to shield proprietary information from …