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Impact of accounting conservatism on IPO under-pricing : evidence from India
Sreenu, Nenavath; Pradhan, Ashis Kumar; Vo Xuan Vinh; … - In: Cogent economics & finance 10 (2022) 1, pp. 1-21
In this paper, we investigate whether the use of accounting conservatism in India decreases IPO underpricing, which is … implication of accounting conservatism for IPOs. Based on a regression analysis of 527 firms that went public through IPOs of "A … conservatism and under-pricing is robust to alternative measures of accounting conservatism, mean regressions, sample exclusions …
Persistent link: https://www.econbiz.de/10014500281
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Der Wertpapierprospekt: empirische Befunde zur Qualität der Risikoangaben bei Neuemissionen
Henselmann, Klaus; Klein, Martin; Maier, Christian - 2009
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.
Persistent link: https://www.econbiz.de/10010300003
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Der Wertpapierprospekt: empirische Befunde zur Qualität der Risikoangaben bei Neuemissionen
Henselmann, Klaus; Klein, Martin; Maier, Christian - Wirtschafts- und Sozialwissenschaftliche Fakultät, … - 2009
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.
Persistent link: https://www.econbiz.de/10008479034
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The institutional determinants of private equity involvement in business groups: The case of Africa
Hearn, Bruce; Oxelheim, Lars; Randøy, Trond - 2015
This study examines the governance attributes of post-IPO (initial public offering) retained ownership of private equity in business group constituent firms in contrast to their unaffiliated counterparts, in 202 newly listed firms in 22 emerging African economies. We adopt an actor centred...
Persistent link: https://www.econbiz.de/10011442471
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Stairway to heaven or gateway to hell? A competing risk analysis of delistings from Hong Kong's Growth Enterprise Market
Cressy, Robert C.; Farag, Hisham - 2013
A competing risk hazard model is employed to examine the reasons for Hong Kong's Growth Enterprise (GEM) companies transferring to the Main Board (MB) in the period 2000-2012. In our sample during the period 21 companies or 15% of the original stock moved up to the MB. The modal life expectancy...
Persistent link: https://www.econbiz.de/10012058878
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The effects of privatization and corporate governance of soes in transition economy: The case of Kazakhstan
Lee, Keun Jung - 2020
This paper focuses on the relationship between corporate governance and corporate performance by initial public offerings (IPOs) of Kazakhstan state-owned enterprises (SOEs) in the transition economies of Central Asia. It argues that privatization (i.e., IPO) has different effects depending on...
Persistent link: https://www.econbiz.de/10012610022
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Stairway to heaven or gateway to hell? A competing risks analysis of delistings from Hong Kong's Growth Enterprise Market
Cressy, Robert; Farag, Hisham - In: International Review of Financial Analysis 36 (2014) C, pp. 195-205
A competing risks hazard model is employed to examine the reasons for Hong Kong's Growth Enterprise Market (GEM) companies transferring to the Main Board (MB) in the period 2000–2012. In our sample during the period 21 companies or 15% of the original stock moved up to the MB. The modal life...
Persistent link: https://www.econbiz.de/10011117759
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Legal protection and underpricing of IPOs: Evidence from China
Liu, Jianlei; Uchida, Konari; Gao, Ruidong - In: Pacific-Basin Finance Journal 27 (2014) C, pp. 163-187
Chinese data enable investigation of the relationship between underpricing of initial public offerings (IPOs) and legal protection with controlling for time-invariant characteristics of regions. Our investigation of Chinese IPOs between 1997 and 2009 shows that firms from a province with more...
Persistent link: https://www.econbiz.de/10010785044
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Political connections and the process of going public: evidence from China
Francis, Bill B; Hasan, Iftekhar; Sun, Xian - Suomen Pankki - 2009
We examine how political connections impact the process of going public. Specifically, we test how political connections impact the pricing of newly offered shares, the magnitude of underpricing, and the fixed cost of going public. Based on experiences of the new public firms in the Chinese...
Persistent link: https://www.econbiz.de/10005648924
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The Exit Decision in the European Venture Capital Market
Felix, Elisabete Gomes Santana; Pires, Cesaltina; … - Centro de Estudos e Formação Avançada em Gestão e … - 2008
This article analyzes the exit decision in the European venture capital market, studying when to exit and how it interacts with the exit form. The paper emphasizes the impact of asymmetric information on the divestment decision. Our model considers the impact of caracteristics of the venture...
Persistent link: https://www.econbiz.de/10005812886