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Differences between European and American IPO Markets

Citations

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Cited by:

  1. Goran KARANOVIĆ & Bisera KARANOVIĆ, 2016. "IPOs PERFORMANCE ANALYSIS: EVIDENCE FROM EMERGING MARKETS IN THE BALKANS," Scientific Annals of Economics and Business (continues Analele Stiintifice), Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 63(3), pages 381-389, November.
  2. Jenkinson, Tim & Morrison, Alan D. & Wilhelm, William Jr., 2006. "Why are European IPOs so rarely priced outside the indicative price range?," Journal of Financial Economics, Elsevier, vol. 80(1), pages 185-209, April.
  3. Lorenzo Caprio & Silvia Rigamonti & Andrea Signori, 2020. "Legal origin, financial development, and innovation: evidence from large public and private firms in the U.S. and Europe," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 24(4), pages 905-925, December.
  4. Jeon, Jin Q. & Lee, Cheolwoo & Nasser, Tareque & Via, M. Tony, 2015. "Multiple lead underwriter IPOs and firm visibility," Journal of Corporate Finance, Elsevier, vol. 32(C), pages 128-149.
  5. Hauser, Shmuel & Yaari, Uzi & Tanchuma, Yael & Baker, Harold, 2006. "Initial Public Offering Discount and Competition," Journal of Law and Economics, University of Chicago Press, vol. 49(1), pages 331-351, April.
  6. Robert Brooks & Tim Fry & William Dimovski & Sandra Mihajilo, 2009. "A duration analysis of the time from prospectus to listing for Australian initial public offerings," Applied Financial Economics, Taylor & Francis Journals, vol. 19(3), pages 183-190.
  7. Huyghebaert, Nancy & Van Hulle, Cynthia, 2006. "Structuring the IPO: Empirical evidence on the portions of primary and secondary shares," Journal of Corporate Finance, Elsevier, vol. 12(2), pages 296-320, January.
  8. Goergen, Marc & Khurshed, Arif & Renneboog, Luc, 2009. "Why are the French so different from the Germans? Underpricing of IPOs on the Euro New Markets," International Review of Law and Economics, Elsevier, vol. 29(3), pages 260-271, September.
  9. Lin, Hui Ling & Pukthuanthong, Kuntara & Walker, Thomas John, 2013. "An international look at the lawsuit avoidance hypothesis of IPO underpricing," Journal of Corporate Finance, Elsevier, vol. 19(C), pages 56-77.
  10. Juyoun Ryoo & Cheolwoo Lee & Jin Q Jeon, 2020. "Sustainability of Analyst Recommendations in Multiple Lead Underwriter IPOs," Sustainability, MDPI, vol. 12(5), pages 1-36, March.
  11. Erkin Uzun, 2009. "Aftermarket Performances of Book Building and Fixed Price Offerings on the Istanbul stock Exchange," Istanbul Stock Exchange Review, Research and Business Development Department, Borsa Istanbul, vol. 11(43), pages 53-80.
  12. Martinsson, Gustav, 2010. "Equity financing and innovation: Is Europe different from the United States?," Journal of Banking & Finance, Elsevier, vol. 34(6), pages 1215-1224, June.
  13. Li Yue, 2022. "Impact of Tacit Knowledge Acquisition on Innovation Performance of Innovative Enterprises in Guangdong Hong Kong Macao Greater Bay Area," International Journal of Science and Business, IJSAB International, vol. 14(1), pages 251-272.
  14. Franck Bancel & Usha R. Mittoo, 2013. "Survey evidence: what do we know about European and US firms’ motivations for going public?," Chapters, in: Mario Levis & Silvio Vismara (ed.), Handbook of Research on IPOs, chapter 3, pages 57-75, Edward Elgar Publishing.
  15. Chemmanur, Thomas J. & Signori, Andrea & Vismara, Silvio, 2023. "The exit choices of European private firms: A dynamic empirical analysis," Journal of Financial Markets, Elsevier, vol. 65(C).
  16. Annita Florou, 2005. ""Discussion of" Performance of Private to Public MBOs: The Role of Venture Capital," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 32(3-4), pages 683-690.
  17. William Q. Judge & Helen W. Hu & Jonas Gabrielsson & Till Talaulicar & Michael A. Witt & Alessandro Zattoni & Félix López-Iturriaga & Jean Jingham Chen & Dhirendra Shukla & Majdi Quttainah & Emmanuel , 2015. "Configurations of Capacity for Change in Entrepreneurial Threshold Firms: Imprinting and Strategic Choice Perspectives," Journal of Management Studies, Wiley Blackwell, vol. 52(4), pages 506-530, June.
  18. repec:bor:iserev:v:11:y:2011:i:43:p:17-52 is not listed on IDEAS
  19. Kraeussl, R. & Krause, S., 2011. "Has Europe Been Catching Up? An Industry Level Analysis of Venture Capital Success over 1985 - 2009," Working papers 327, Banque de France.
  20. Azevedo, Alcino & Guney, Yilmaz & Leng, Jingsi, 2018. "Initial public offerings in China: Underpricing, statistics and developing literature," Research in International Business and Finance, Elsevier, vol. 46(C), pages 387-398.
  21. repec:bor:iserev:v:11:y:2011:i:43:p:53-80 is not listed on IDEAS
  22. Stefano Bonini & Olena Voloshyna, 2013. "A, B or C? Experimental Tests of IPO Mechanisms," European Financial Management, European Financial Management Association, vol. 19(2), pages 304-344, March.
  23. Stavros Thomadakis & Christos Nounis & Dimitrios Gounopoulos, 2012. "Long†term Performance of Greek IPOs," European Financial Management, European Financial Management Association, vol. 18(1), pages 117-141, January.
  24. Karanović Goran & Karanović Bisera, 2016. "IPOs Performance Analysis: Evidence from Emerging Markets in the Balkans," Scientific Annals of Economics and Business, Sciendo, vol. 63(3), pages 381-389, November.
  25. Annalisa Croce & Luca Grilli & Samuele Murtinu, 2014. "Venture capital enters academia: an analysis of university-managed funds," The Journal of Technology Transfer, Springer, vol. 39(5), pages 688-715, October.
  26. Doukas, John A. & Hoque, Hafiz, 2016. "Why firms favour the AIM when they can list on main market?," Journal of International Money and Finance, Elsevier, vol. 60(C), pages 378-404.
  27. Kamil K. Nazliben & Luc Renneboog & Emil Uduwalage, 2024. "Corporate governance from colonial Ceylon to post-civil war Sri Lanka," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 28(1), pages 265-335, March.
  28. Guray Kucukkocaoglu, 2007. "Underpricing in Turkey: Comparison of the IPO Methods," Money Macro and Finance (MMF) Research Group Conference 2006 8, Money Macro and Finance Research Group.
  29. Mazouz, Khelifa & Saadouni, Brahim & Yin, Shuxing, 2009. "Offering methods and issuer-oriented underpricing costs: Evidence from the Hong Kong IPO market," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 19(5), pages 937-949, December.
  30. Jerry Coakley & Leon Hadass & Andrew Wood, 2007. "Post‐IPO Operating Performance, Venture Capital and the Bubble Years," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 34(9‐10), pages 1423-1446, November.
  31. H. Kent Baker & Satish Kumar & Nitesh Pandey, 2020. "A bibliometric analysis of European Financial Managementʼs first 25 years," European Financial Management, European Financial Management Association, vol. 26(5), pages 1224-1260, November.
  32. Annita Florou, 2005. "Discussion of Performance of Private to Public MBOs: The Role of Venture Capital," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 32(3‐4), pages 683-690, April.
  33. Chen Su, 2018. "The efficiency of IPO issuing mechanisms and market conditions: evidence in China," Review of Quantitative Finance and Accounting, Springer, vol. 51(2), pages 461-495, August.
  34. Maria Borges, 2007. "Underpricing of Initial Public Offerings: The Case of Portugal," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 13(1), pages 65-80, February.
  35. Douglas Cumming & Michele Meoli & Silvio Vismara, 2021. "Does equity crowdfunding democratize entrepreneurial finance?," Small Business Economics, Springer, vol. 56(2), pages 533-552, February.
  36. William Dimovski, 2010. "The pricing of infrastructure initial public offerings: evidence from Australia," Journal of Property Research, Taylor & Francis Journals, vol. 28(1), pages 3-14, July.
  37. Oehler, Andreas & Rummer, Marco & Smith, Peter N., 2004. "IPO Pricing and the Relative Importance of Investor Sentiment: Evidence from Germany," Discussion Papers 26, University of Bamberg, Chair of Finance.
  38. Re‐Jin Guo & Baruch Lev & Charles Shi, 2006. "Explaining the Short‐ and Long‐Term IPO Anomalies in the US by R&D," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 33(3‐4), pages 550-579, April.
  39. Douglas Cumming & Sofia Johan, 2006. "Is it the Law or the Lawyers? Investment Covenants around the World," European Financial Management, European Financial Management Association, vol. 12(4), pages 535-574, September.
  40. Lidén, Erik R., 2004. "Are Underwriter-Analysts More Informed? Scandinavian Evidence," Working Papers in Economics 132, University of Gothenburg, Department of Economics, revised 18 Oct 2007.
  41. Mark Mietzner & Juliane Proelss & Denis Schweizer, 2018. "Hidden champions or black sheep? The role of underpricing in the German mini-bond market," Small Business Economics, Springer, vol. 50(2), pages 375-395, February.
  42. repec:bor:iserev:v:11:y:2011:i:43:p:1-16 is not listed on IDEAS
  43. Priyanka Singh & Brajesh Kumar, 2012. "Short Run and Long Run Dynamics of Initial Public Offerings: Evidence from India," Jindal Journal of Business Research, , vol. 1(1), pages 87-113, June.
  44. Halil Ýbrahim Bulut, 2009. "The Accuracy of Sales Forecasts Disclosed in the IPO Prospectuses: Evidence From Istanbul Stock Exchange," Istanbul Stock Exchange Review, Research and Business Development Department, Borsa Istanbul, vol. 11(43), pages 17-52.
  45. Ranko Jelic & Brahim Saadouni & Mike Wright, 2005. "Performance of Private to Public MBOs: The Role of Venture Capital," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 32(3-4), pages 643-682.
  46. William Dimovski & Simmala Philavanh & Robert Brooks, 2011. "Underwriter reputation and underpricing: evidence from the Australian IPO market," Review of Quantitative Finance and Accounting, Springer, vol. 37(4), pages 409-426, November.
  47. Ranajit Kumar Bairagi & William Dimovski, 2010. "The underpricing of US REIT IPOs: 1996--2010," Journal of Property Research, Taylor & Francis Journals, vol. 28(3), pages 233-248, December.
  48. Hoque, Hafiz, 2014. "Role of asymmetric information and moral hazard on IPO underpricing and lockup," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 30(C), pages 81-105.
  49. Sturla Lyngnes Fjesme, 2019. "When do investment banks use IPO price support?," European Financial Management, European Financial Management Association, vol. 25(3), pages 437-461, June.
  50. Curt B. Moore & R. Greg Bell & Igor Filatotchev, 2010. "Institutions and Foreign IPO Firms: The Effects of “Home†and “Host†Country Institutions on Performance," Entrepreneurship Theory and Practice, , vol. 34(3), pages 469-490, May.
  51. Michael Cichello & Douglas Lamdin, 2016. "The location of initial public offering headquarters: An empirical examination," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 40(1), pages 1-18, January.
  52. Alqahtani, Faisal & Boulanouar, Zakaria, 2017. "Sharia compliance status & investor demand for IPOs: Evidence from Saudi Arabia," Pacific-Basin Finance Journal, Elsevier, vol. 46(PB), pages 258-268.
  53. Valérie Revest & Alessandro Sapio, 2012. "Financing technology-based small firms in Europe: what do we know?," Small Business Economics, Springer, vol. 39(1), pages 179-205, July.
  54. Khurshed, Arif & Kostas, Dimitris & Saadouni, Brahim, 2016. "Warrants in underwritten IPOs: The Alternative Investment Market (AIM) experience," Journal of Corporate Finance, Elsevier, vol. 40(C), pages 97-109.
  55. Franck Bancel & Usha R. Mittoo, 2009. "Why Do European Firms Go Public?," European Financial Management, European Financial Management Association, vol. 15(4), pages 844-884, September.
  56. repec:kap:iaecre:v:13:y:2007:i:1:p:65-80 is not listed on IDEAS
  57. Wołoszyn Adrian & Zarzecki Dariusz, 2013. "The impact of the january effect on the IPO underpricing in Poland," Folia Oeconomica Stetinensia, Sciendo, vol. 13(1), pages 121-135, December.
  58. Cai, Kelly Nianyun & Lee, Hei Wai & Valero, Magali, 2010. "Changing underwriting practices on underpricing of U.S. global initial public offerings," Journal of Business Research, Elsevier, vol. 63(12), pages 1317-1323, December.
  59. Bharat A. Jain & Omesh Kini, 2008. "The Impact of Strategic Investment Choices on Post‐Issue Operating Performance and Survival of US IPO Firms," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 35(3‐4), pages 459-490, April.
  60. Chew Xin-Er & Ng Sin Huei & Ong Tze San & Teh Boon Heng, 2020. "Underpinning Theories of IPO Underpricing: Evidence from Malaysia," International Journal of Asian Social Science, Asian Economic and Social Society, vol. 10(10), pages 560-573, October.
  61. Marc Deloof & Wouter De Maeseneire & Koen Inghelbrecht, 2009. "How Do Investment Banks Value Initial Public Offerings (IPOs)?," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 36(1‐2), pages 130-160, January.
  62. Gounopoulos, Dimitrios & Pham, Hang, 2018. "Specialist CEOs and IPO survival," Journal of Corporate Finance, Elsevier, vol. 48(C), pages 217-243.
  63. Valérie Revest & Sandro Sapio, 2008. "Financing Technology-Based Small Firms in Europe: a review of the empirical evidence," LEM Papers Series 2008/23, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
  64. Kenji Kutsuna & William Dimovski & Robert Brooks, 2008. "The Pricing and Underwriting Costs of Japanese REIT IPOs," Journal of Property Research, Taylor & Francis Journals, vol. 25(3), pages 221-239, November.
  65. Trauten, Andreas, 2004. "Zur Effizienz von Wertpapieremissionen über Internetplattformen," Working Papers 8, University of Münster, Competence Center Internet Economy and Hybrid Systems, European Research Center for Information Systems (ERCIS).
  66. Amaya, Diego & Filbien, Jean-Yves & Kooli, Maher, 2022. "Media coverage and the decision to withdraw an IPO," International Review of Financial Analysis, Elsevier, vol. 84(C).
  67. Rafał Sieradzki, 2013. "Does it pay to invest in IPOs? Evidence from the Warsaw Stock Exchange," NBP Working Papers 139, Narodowy Bank Polski.
  68. Helbing, Pia, 2019. "A review on IPO withdrawal," International Review of Financial Analysis, Elsevier, vol. 62(C), pages 200-208.
  69. Bancel, Franck & Kalimipalli, Madhu & Mittoo, Usha R., 2009. "Cross-listing and the long-term performance of ADRs: Revisiting European evidence," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 19(5), pages 895-923, December.
  70. Wolfgang Bessler & Martin Seim, 2013. "Venture capital and IPO waves in Europe: an analysis of firm and performance characteristics," Chapters, in: Mario Levis & Silvio Vismara (ed.), Handbook of Research on IPOs, chapter 15, pages 295-326, Edward Elgar Publishing.
  71. Wolfgang Bessler & Andreas Kurth, 2007. "Agency Problems and the Performance of Venture-backed IPOs in Germany: Exit Strategies, Lock-up Periods, and Bank Ownership," The European Journal of Finance, Taylor & Francis Journals, vol. 13(1), pages 29-63.
  72. Richard A. Bettis & Constance E. Helfat & J. Myles Shaver & U. David Park & Abhishek Borah & Suresh Kotha, 2016. "Signaling revisited: The use of signals in the market for IPOs," Strategic Management Journal, Wiley Blackwell, vol. 37(11), pages 2362-2377, November.
  73. Wolfgang Bessler & Wolfgang Drobetz & Martin Seim & Jan Zimmermann, 2016. "Equity Issues and Stock Repurchases of Initial Public Offerings," European Financial Management, European Financial Management Association, vol. 22(1), pages 31-62, January.
  74. Jirapun Chorruk & Andrew Worthington, 2010. "Firm-specific determinants and outcomes of initial public offerings in Thailand, 2001â 2007," Discussion Papers in Finance finance:201002, Griffith University, Department of Accounting, Finance and Economics.
  75. Paula Hill & David Hillier, 2009. "Market Feedback, Investment Constraints, and Managerial Behavior," European Financial Management, European Financial Management Association, vol. 15(3), pages 584-605, June.
  76. Congsheng Wu, 2014. "Underpricing of homecoming A-share IPOs by Chinese firms already listed abroad," Review of Quantitative Finance and Accounting, Springer, vol. 43(3), pages 627-649, October.
  77. Sandra Cohen & Afroditi Papadaki & Georgia Siougle, 2007. "SEOs in a 'Hot Market': evidence of timing," Applied Financial Economics, Taylor & Francis Journals, vol. 17(14), pages 1179-1190.
  78. Johan, Sofia & Zhang, Minjie, 2016. "Private equity exits in emerging markets," Emerging Markets Review, Elsevier, vol. 29(C), pages 133-153.
  79. Clarke, Jonathan & Khurshed, Arif & Pande, Alok & Singh, Ajai K., 2016. "Sentiment traders & IPO initial returns: The Indian evidence," Journal of Corporate Finance, Elsevier, vol. 37(C), pages 24-37.
  80. William Q. Judge & Michael A. Witt & Alessandro Zattoni & Till Talaulicar & Jean Jinghan Chen & Krista Lewellyn & Helen Wei Hu & Dhirendra Shukla & R. Greg Bell (Robert) & Jonas Gabrielsson & Felix Lo, 2015. "Corporate governance and IPO underpricing in a cross-national sample: A multilevel knowledge-based view," Strategic Management Journal, Wiley Blackwell, vol. 36(8), pages 1174-1185, August.
  81. Hahl, Teemu & Vähämaa, Sami & Äijö, Janne, 2014. "Value versus growth in IPOs: New evidence from Finland," Research in International Business and Finance, Elsevier, vol. 31(C), pages 17-31.
  82. Liu, Jianlei & Uchida, Konari & Li, Yuan, 2020. "Provincial economic performance and underpricing of IPOs: Evidence from political interventions in China," Economic Modelling, Elsevier, vol. 86(C), pages 274-285.
  83. Leung, Jeffery & Menyah, Kojo, 2006. "Issuer-oriented underpricing costs in initial public offers: Evidence from Hong Kong," Journal of Corporate Finance, Elsevier, vol. 12(5), pages 897-905, December.
  84. Ma, Shiguang & Faff, Robert, 2007. "Market conditions and the optimal IPO allocation mechanism in China," Pacific-Basin Finance Journal, Elsevier, vol. 15(2), pages 121-139, April.
  85. Bekir Elmas & M.Sinan Temurlenk, 2009. "Granger Causality Between Stock Price and Trading Volume: A Stock-Based Analysis in the ISE," Istanbul Stock Exchange Review, Research and Business Development Department, Borsa Istanbul, vol. 11(43), pages 1-16.
  86. Wolfgang Bessler & Matthias Stanzel, 2009. "Conflicts of Interest and Research Quality of Affiliated Analysts in the German Universal Banking System: Evidence from IPO Underwriting," European Financial Management, European Financial Management Association, vol. 15(4), pages 757-786, September.
  87. Martijn J. Assem & Nico L. Sar & Philippe Versijp, 2017. "CEOs and CFOs on IPOs: The Process and Success of Going Public," De Economist, Springer, vol. 165(4), pages 381-410, December.
  88. Armin Schwienbacher, 2008. "Venture capital investment practices in Europe and the United States," Financial Markets and Portfolio Management, Springer;Swiss Society for Financial Market Research, vol. 22(3), pages 195-217, September.
  89. Hatem Mansali & Florence Labégorre, 2010. "Les performances économiques et boursières à long terme des sociétés introduites en bourse:le cas du marché français (1990-2003)," Revue Finance Contrôle Stratégie, revues.org, vol. 13(2), pages 67-106., June.
  90. Killins, Robert N., 2019. "An investigation of the short-term performance of the Canadian IPO market," Research in International Business and Finance, Elsevier, vol. 47(C), pages 102-113.
  91. Fafaliou, Irene & Giaka, Maria & Konstantios, Dimitrios & Polemis, Michael, 2020. "Firms’ Sustainability Performance and Market Longevity," MPRA Paper 101445, University Library of Munich, Germany.
  92. Marc Deloof & Wouter De Maeseneire & Koen Inghelbrecht, 2009. "How Do Investment Banks Value Initial Public Offerings (IPOs)?," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 36(1‐2), pages 130-160, January.
  93. Katrin Migliorati & Silvio Vismara, 2014. "Ranking Underwriters of European IPOs," European Financial Management, European Financial Management Association, vol. 20(5), pages 891-925, November.
  94. Shiguang Ma, 2007. "Information asymmetry and valuation uncertainty, the determination of China's IPO allocation procedures," Applied Financial Economics, Taylor & Francis Journals, vol. 17(4), pages 271-284.
  95. Johan, Sofia A., 2010. "Listing standards as a signal of IPO preparedness and quality," International Review of Law and Economics, Elsevier, vol. 30(2), pages 128-144, June.
  96. Helbing, Pia & Lucey, Brian M. & Vigne, Samuel A., 2019. "The determinants of IPO withdrawal – Evidence from Europe," Journal of Corporate Finance, Elsevier, vol. 56(C), pages 415-436.
  97. Guray Kucukkocaoglu & Ozge Sezgin Alp, 2012. "IPO mechanism selection by using Classification and Regression Trees," Quality & Quantity: International Journal of Methodology, Springer, vol. 46(3), pages 873-888, April.
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