Using a unique dataset, we examine financial performance, and venture capital involvement in 167 MBOs exiting through IPOs in the London Stock Exchange, during the period 1964-1997. The results suggest positive and statistically significant initial premiums and positive, and statistically...

We examine short- and the long-term price effect associated with the FTSE 100 index revisions. We control for both heteroskedastic nature of the residual and the change, between the estimation and the test period, in the beta coefficient of the standard market model. Our findings reveal no...

The paper examines the determinants of stabilization and its impact on the aftermarket prices. We use a unique dataset to relax several assumptions in the stabilization literature. We find that underwriters support IPO prices shortly after listing, particularly in cold markets and when demand is...