This article examines the factors that determine IPO success in raising equity capital, and how this success translates into investor success. The study is based on a sample of IPOs on the Warsaw Stock Exchange from 1998 to 2011. We find that pre-IPO profitability is a strong and positive signal...

Using a sample of 104 companies that conducted initial public offering (IPO) on the Warsaw Stock Exchange between 2006 and 2016, we investigated the relationship between the accuracy and bias of the earnings forecast disclosed in the IPO prospectus and the firm corporate governance attributes....

The paper examines the performance of European VC backed firms operating in the life science and ICT industries at IPO and in the long run. Empirical evidence shows a lower underpricing for VC backed companies and lower volatility of returns in the first days and first weeks of trading,...

The paper investigates the role of Top Management Teams (TMTs) characteristics behind market performance of IPOs on a secondary market. After highlighting the main differences between entrepreneurial and managerial companies, we identify effective drivers related to TMT characteristics able to...

This study explores the effect of directors' political contributions on IPOs' valuation and subsequent performance. We find that individual contributions by directors bring significant benefits to the IPO firms. Specifically, we show that political contributions of board members, particularly...

The purpose of this paper is to investigate the market timing behaviour of issuers of Indian Initial Public Offerings (IPOs). The declining trend in variables reflecting investor's sentiments and expectation in post IPO period suggested that firms took advantage of over-optimism of investors....

Over a third of Initial Public Offerings (IPOs) listing on NYSE, AMEX and NASDAQ from 1981 through 2008 accepted offer prices on or below the minimum of their initial price range. This is a striking number of issuers accepting large discounts, and has been given no attention in the extant IPO...

This study analyzes the IPOs of the firms that are eventually included in one of the three well-known indices: the S&P 400, the S&P 500, or the S&P 600 Indices. The determinants of each IPO firm's odds of inclusion into a particular index are estimated. Other offer related characteristics of...

This paper investigates long-term (six-month, one-year, two-year, and three-year) returns of IPOs listed on the Bursa Malaysia (BM) in order to provide a more recent case of performance of IPOs in Malaysia. A total number of 166 firms listed and traded on the Bursa Malaysia (BM) for a period of...

Recent scandals have brought rankings to the forefront of the legal profession. Several of the most prestigious academic institutions have withdrawn from being ranked, citing the problematic nature of the rankings. However, rankings persist for both legal academics and practice, and there is...