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 …

A comprehensive guide to making better capital structure and corporate financing decisions
in today's dynamic business environment Given the dramatic changes that have recently …

We analyze the relation between different forms of debt financing at the firm's start-up and
subsequent firm outcomes. We distinguish between business debt, obtained in the name of …

In the process of lending to a firm, a bank acquires proprietary firm-specific information that
is unavailable to nonlenders. This asymmetric evolution of information between lenders and …

This study examines the economic incentive theory, positing that listed investment banks
facing significant economic pressure are likely to compromise their underwriting quality to …

Underwriting Services and the New Issues Market integrates practice, theory and evidence
from the global underwriting industry to present a comprehensive description and analysis of …

We construct a comprehensive measure of overall investment banking competitiveness for
follow-on offerings that aggregates the various dimensions of competition such as fees …

We unravel the conditions under which the type of education found among board members
mitigates the uncertainty in new equity markets. Our results indicate that issuers in low R&D …

It has often been argued during the recent credit crisis that commercial banks' involvement in
investment banking activities might have had an impact on the intensity of their underwriting …

We study the evolution of investment-banking relationships from 1933 to 2007. Relationship
exclusivity and client concerns for the state of their banking relationships were strong …