Most initial public offerings (IPOs) feature share lockup agreements, which prohibit insiders from selling their shares for a specified period of time following the IPO. However, some IPO firms agree to have a much longer lockup period than other IPO firms, and some are willing to lockup a much...

On average, investors in stocks of West Michigan-based companies lost money in 2007. Three out of four companies saw their stock prices decline. Interestingly, prices of only three of the fourteen stocks comprising the Index rose, while the others fell, often substantially. How does the Index...

This paper examines the contribution of investments in Information Technology (IT) and in advertising to the output and profits of Spanish banks, in the period 1983-2003. We find that the growth in the stock of IT capital explains one third of output growth of banks, and that an additional...