Renneboog, Luc; Espenlaub, S.; Goergen, M.; Khurshed, A. - Tilburg University, Center for Economic Research - 2002
characteristics of the lock-in agreements entered into by the existing shareholders, and on the abnormal returns realised around the … expiry of the directors' lock-in agreements.The study examines the lock-in agreements of a sample of 186 UK IPOs issued … high-tech.We find that lock-in agreements in the UK show much more variety in terms of the contractual detail than US …