Since the first digital currencies were introduced to the investing public, financial regulators, businesses, and consumers have wrestled with comprehending how crypto-assets function, as well as how to employ them in commercial transactions, while at the same time, reducing the risks attached...

Ja, der Ablauf der Lock-up-Frist ist ein kursrelevantes Ereignis. Wir untersuchen Kursreaktionen auf das Ende der Lock-up-Frist bei 142 Unternehmen des Neuen Marktes. Da der Ablauf der Sperrfrist bereits zum Zeitpunkt des Börsengangs bekannt ist, erwarten wir bei einem...

The paper analyzes the risk disclosure quality in the prospectus of IPOs in Germany between 2006 and 2008. Quality of risk information is measured as precision and comprehensibility. The relationship between risk disclosure quality and earnings power is tested.

The paper analyzes the risk disclosure quality in the prospectus of IPOs in Germany between 2006 and 2008. Quality of risk information is measured as precision and comprehensibility. The relationship between risk disclosure quality and earnings power is tested.

The mandatory offer requirement and the opting-out provision have been the most controversial parts of the Swiss Stock Exchange Act, and have delayed the adoption of the entire act. While it has been widely perceived that an opting-out is contrary to shareholders' interests, this article...

This article reviews the use in the flotation of Standard Life plc of the prospectus passport for cross-border offers of securities within the EU that was introduced by the Prospectus Directive (2003). The Standard Life flotation was a major test for the new law on prospectuses and, overall, it...

This paper examines how and why VC-backed firms manage their tone during initial public offerings (IPO) and seasoned equity offerings (SEO). Analysis conducted using the Management Discussion and Analysis section of the prospectuses show that VC funded firms are more negative in tone....

This paper examines the interplay between the issue of privacy and a new, evolving form of alternative dispute resolution (ADR) made possible by the Internet - online dispute resolution (ODR). The rise of ADR in the recent past was primarily the product of growing dissatisfaction with the...

The public offering of truly new securities involves purchases by investors in sufficient number and in small enough blocks that each purchaser's shares can reasonably be expected to be freely tradable in a secondary market that did not exist before the offering. Increasing the ability of small...

A question often posed of the legal profession is what (if any) value lawyers add to the endeavors of their clients. However, this framing of the question ignores the fact that lawyers do not add value in a vacuum, but only through effective collaboration with their clients. This Article...