Small and Medium-Sized Enterprises (SMEs) concept is a concept used in almost all countries. Concept stated size; economy, industrialization level, market size, industry and the varied used production methods between, depending on countries. Today, all the major companies, many risky ventures,...

Israel’s compliance with International Organization of Securities Commissions’ objectives and Principles of Securities Regulation has been assessed. The regulatory regime is well developed and in most respects is comparable with that of major jurisdictions. For the most part, it is...

This paper discusses a detailed assessment report on the observance of China’s compliance with the International Organization of Securities Commission's objectives and principles of securities regulation. The reform of nontradable shares introduced a market-based pricing system for...

Until October 1997, firms wishing to go public in Japan were required to use a hybrid auction process where up to half of the issue (the auction tranche) was offered to investors via a discriminatory auction. Remaining shares (the public offer tranche) were sold a few days later by a firm...

This paper provides an overview of the possible linkages between state-owned banks, privatization, and banking sector crises. Data on privatizations in over 65 countries is used together with data from the banking crisis literature to consider the relationship between state-owned banks and...

Private placements in public equity (PIPEs) are proliferating; in the United States, their growth is estimated at 30% per year. PIPEs are issued as part of prospectus exemptions. Because they can alleviate the financing difficulties of growing high tech companies, they should interest the...