The purpose of this monograph is to provide an overview of the IPO literature since 2000.
The fewer numbers of companies going public in recent years has raised many questions …

In this review, I criticize the ability of popular asymmetric information-based models to
explain the magnitude of the underpricing of initial public offerings (IPOs) that is observed. I …

We examine the role of institutional investors in initial coin offerings (ICOs). Taking a
financial investor's perspective, we assess the determinants of post-ICO performance via …

Companies increasingly face product harm crises resulting in product recalls, which often
have a negative impact on firm value. Whereas prior research has studied the short-term …

We model fund turnover in the presence of time‐varying profit opportunities. Our model
predicts a positive relation between an active fund's turnover and its subsequent benchmark …

We test what explains family control of firms and industries and find that the explanation is
largely contingent on the identity of families and individual blockholders. Founders and their …

This paper examines how customer sentiment expressed through social media influences
institutional investors' investment decisions and firm value. We use psychology theory to …

We find that initial public offerings (IPOs) with high expected skewness experience
significantly greater first-day returns. The skewness effect is stronger during periods of high …

In this article, we use a large sample of transaction-level institutional trading data to analyze
the role of institutional investors in initial public offerings (IPOs). The theoretical literature on …

Manuscript Type Empirical Research Question/Issue We combine the value‐creation and
value‐protection views of the board of directors to study the impact of board independence …