This study examines the impact of the COVID-19 outbreak on the stock markets of G-20
countries. We use an event study methodology to measure abnormal returns (ARs) and …

When a company offers shares in an initial public offering (IPO), existing owners often enter
into lock‐in agreements prohibiting them from selling shares for a specified period after the …

Initial public offering (IPO) lock-up is a bonding mechanism that restricts pre-IPO
shareholders and insiders from selling a specific percentage of the shares over a stipulated …

This paper investigates whether shareholder lockup agreements in France and Germany
mitigate problems of agency and asymmetric information. Despite minimum requirements in …

This paper analyses the role of asymmetric information and moral hazard on IPO
underpricing and lockups. I document that high information asymmetry is related to …

Six months after he founded Netscape, Clark agitated for the company to go public. The
company had few revenues, no profits, and a lot of new employees. No one else inside the …

Earnings management occurs when managerial discretion allows managers to influence
reported earnings and thus mislead some investors about the underlying economic …

This paper examines the role of lockup agreements on the survival of 580 UK Initial Public
Offerings (IPOs) during the period of 1990–2011. Our accelerated failure time (AFT) survival …

Most of major shareholders, known as promoters of the firms, are subject to lock-up ratio for
a certain period, following their company's IPO listing. Interestingly, the lock-up ratio among …

This paper analyses heterogeneous lockup agreements from the London Stock Market. With
hand‐collected data, I compare and contrast absolute‐date lockups with the relative‐date …