This paper analyses the economic consequences of the EU growth prospectus, a simplified listing document for SMEs, introduced by the Prospectus Regulation (EU) 2017/1129. For this purpose, we use a hand-collected database of 1,257 initial offerings at 8 different EU exchanges over the period...

We examine the dynamics and the drivers of market liquidity during the financial crisis, using a unique volume-weighted spread measure. According to the literature we find that market liquidity is impaired when stock markets decline, implying a positive relation between market and liquidity...

Based on 1182 dyads of venture capitalists and German portfolio companies involved in a financing round between 2002 and 2007, we examine the importance of spatial proximity between investors and investees in a dense economy. We find that the probability of a financing relationship decreases by...