A Survey of Corporate Governance - Shleifer - 1997 - The Journal of Finance - Wiley Online
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We review the theory and evidence on IPO activity: why firms go public, why they reward first‐
day investors with considerable underpricing, and how IPOs perform in the long run. Our …

Initial coin offerings (ICOs) have emerged as a new mechanism for entrepreneurial finance,
with parallels to initial public offerings, venture capital, and presale crowdfunding. In a …

Finance studies on information cascades, usually in an initial public offering setting, typically
differentiate between institutional and retail investors, as this is the only information …

In this paper, we examine the relation between innovation and a firm's financial dependence
using a sample of privately held and publicly traded US firms. We find that public firms in …

We study which dimensions of corporate culture are related to a firm׳ s performance and
why. We find that proclaimed values appear irrelevant. Yet, when employees perceive top …

Using a sample of 49 countries, we show that countries with poorer investor protections,
measured by both the character of legal rules and the quality of law enforcement, have …

Does finance affect economic growth? A number of studies have identified a positive
correlation between the level of development of a country's financial sector and the rate of …

This paper examines legal rules covering protection of corporate shareholders and
creditors, the origin of these rules, and the quality of their enforcement in 49 countries. The …

We propose a theory of securities market under‐and overreactions based on two well‐
known psychological biases: investor overconfidence about the precision of private …