... only Initial public offering Cost of debt Information asymmetries Bargaining power What is a possible economic explanation for changing borrowing costs around the time of an IPO? Pagano et al. (1998) document how borrowing costs of firms right after an IPO decrease...

...Vivien Lefebvre Purpose Financial constraints limit firms' ability to invest in working capital, which results in opportunity costs from lost sales or stockouts. The author examines initial public offering (IPO) firms' working capital management and build on the idea that newly listed firms...

... Limited Licensed re-use rights only Emerging markets Initial public offering Earnings management Ownership dilution Earnings management during initial public offerings (IPO) has been the focus of many studies in the accounting literature. IPO is a critical event in the life of a company...

...K. Stephen Haggard; Yaoyi Xi Purpose Conventional wisdom says that the price reduction stocks experience at expiration of the initial public offering (IPO) lockup period is due to relaxation of selling constraints. Findings from more recent literature question this explanation. The purpose...

...Huong Dieu Dang; Michael Jolly Purpose The strong performance of New Zealand’s equity market and the Government’s efforts to encourage small investors to invest in initial public offering (IPO) firms raises two questions: should retail investors invest in IPO offers and what types of IPOs...

...Milos Vulanovic Purpose The purpose of this paper is to study how institutional characteristics of specified purpose acquisition companies (SPACs) are related to their post-merger survival. SPACs are unique financial firms that conduct the initial public offering (IPO) with the sole purpose...

...Dr Monzurul Hoque; Haiyan Yin; Jiawen Yang; Jamshid Mehran Purpose – As part of the banking reform, major commercial banks in China went through initial public offerings (IPOs) in the past two decades. Has this change in the ownership structure led to improvement in their performance...