This paper examines the stock price impact of international dual listings. The sample consists of 183 firms from 35 countries that instituted their first Depositary Receipt program over the period 1985 to 1995. By measuring the effects around the announcement date, I show the market reaction to...

Shareholder proposals provide investors an opportunity to exercise their decision rights within firms, but managers can seek permission from the Securities and Exchange Commission (SEC) to dismiss proposals. We find that managers seek to exclude 39% of all proposals they receive, but the SEC...

Contrary to conventional wisdom, we document that approximately 15% of VC-backed firms raise additional capital from VCs in the five years after going public. We propose two explanations for why firms revert to VC financing post-IPO. First, we hypothesize that VC participation in post-IPO...