...-year lock-up period are significantly undervalued by underwriters. H2. IPOs with a large proportion of locked-up shares are significantly undervalued by underwriters. Commitment IPO Lock-up Retained ownership Signaling Valuation G12 G18 G24 G32 G34...

... uncertainty and sustainability performance in the European context. Economic policy uncertainty Sustainability performance ESG Firm's life cycle Europe Panel data C23 G18 G30 P34 The structure of the rest of the study is as follows: Next section develops hypotheses based on prior...

... and innovation and presents new insights that political risk at the microlevel is an important determinant for investment in innovative activities. Innovation Patent Citations Political risk G1 G18 O31 Although previous literature documented an adverse impact of political uncertainty...

.... Originality/value This study incorporates economic development in explaining the relationship between country-level determinants and corporate debt maturity. G18 G32 Institutional environment Economic development Banking structure Corporate debt maturity The underinvestment problem due...

... G18 Fourth, non-contemporaneous specifications make more economic sense than contemporaneous regressions in the fund industry (Blocher, 2014). The instrumentation process in the system GMM specification involves non-contemporary effects of the independent variables on the outcome indicator...

... level, are collected from DataStream International. Short-sale ban Crisis Option Liquidity Price discovery Informed trading G01 G12 G14 G18 The effect that short-sale restrictions (SSR) have on market efficiency has been studied extensively in the literature. In general...

... Thu Phuong Pham can be contacted at: thuphuong.pham@utas.edu.au © Emerald Group Publishing Limited 2015 Liquidity Transparency Broker ID Information content of trade Price impact G10 G15 G18 Transparency in stock markets is generally considered to lead to greater fairness...