Author: Lei Yu (Ph. D.)Publisher:
ISBN:
Category : Corporate governance
Languages : en
Pages : 111
Book Description
Two Essays on Initial Public Offerings
Author: Lei Yu (Ph. D.)Publisher:
ISBN:
Category : Corporate governance
Languages : en
Pages : 111
Book Description
Essays on Initial Public Offerings
Author: Hugh Monte Joseph ColacoPublisher:
ISBN: 9781109878288
Category :
Languages : en
Pages : 109
Book Description
In the second essay, it is argued that the time following an amendment in which demand is revealed has a cost. So, why do some firms take longer than others to go public following the amendment? It is hypothesized that the delay to the offer results from overestimation of demand and risk. As a result, underpricing predicted at the amendment is not indicative of the final level of underpricing. The firm and its investors bear the costs of the delay. This study highlights the distinction between partial and full information and the costs associated with SEC requirements.
Two Essays on Initial Public Offerings
Author: Initial Public Offerings, Liquidity, and Corporate Governance
Author: Saurav RoychoudhuryPublisher: LAP Lambert Academic Publishing
ISBN: 9783838318424
Category : Corporate governance
Languages : en
Pages : 148
Book Description
The book is a compilation of three related essays on initial Public Offerings, liquidity, productivity growth and corporate governance. The first essay looks at the long run performance of initial public offerings (IPOs) in the United States relative to their liquidity profile. The book provides a liquidity based explanation for why certain IPOs underperform in the long run. The second essay relates corporate governance to a firm s productivity growth. Given technology and industry constraints, some firms are very efficient whereas others are not and some firms have much faster rates of innovation and productivity growth than others. The book seeks to provide an explanation by looking at the relationship between a firm s governance structures and total factor productivity. The third essay connects the first two essays. It looks at the differences in the long term performance of IPOs with strong and weak corporate governance.
Two Essays on Initial Public Offerings
Author: Ansley ChuaPublisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
I find that the extent of managers' undercompensation as compared to peer managers is compensated post-IPO. I do find other attributes, such as being a CEO, also affect the increase in pay. However, Chairmanship and Board status did not affect compensation. Additionally, I find that free cash flows and firm ownership value is consistently and strongly related to an increase in pay. However, governance variables do not limit the executives' change in compensation. I find strong support that both previous executive sacrifice and the principal/agent issues are major factors in the determination of executives' post-IPO compensation.
Two Essays on the First Trading Day Returns of Initial Public Offerings
Author: Michael O'connor KeefePublisher:
ISBN:
Category : Going public (Securities)
Languages : en
Pages : 182
Book Description
3 Essays Essays on Initial Public Offerings
Author: Qiming WangThree Essays on Initial Public Offerings
Author: Matti KeloharjuPublisher:
ISBN: 9789517023436
Category : Going public (Securities)
Languages : en
Pages : 126
Book Description
Author: Cheolwoo Lee
Author: Hsuan-Chi Chen