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 …

When companies go public, the equity they sell in an initial public offering tends to be
underpriced, resulting in a substantial price jump on the first day of trading. The underpricing …

Although legitimacy theory provides strong arguments that environmental, social and
governance (ESG) disclosure and performance can help mitigate firm-specific (idiosyncratic) …

We analyze initial public offering (IPO) activity under political uncertainty surrounding
gubernatorial elections in the United States. There are fewer IPOs originating from a state …

In this paper we investigate the relation between audit committee quality, auditor
independence, and the disclosure of internal control weaknesses after the enactment of the …

This study investigates whether geographic variation in religion-induced gambling norms
affects aggregate market outcomes. We conjecture that gambling propensity would be …

We model an IPO company's optimal response to the presence of sentiment
investors.“Regular” investors are allocated stock that they subsequently sell to sentiment …

I propose a new measure of venture capital (VC) firm reputation and analyze its performance
implications on private companies. Controlling for portfolio company quality and other VC …

This paper develops a taxonomy of research examining the role of financial analysts in
capital markets. The paper builds on the perspectives provided by Schipper [Schipper …

This paper explores the impact of investor sentiment on IPO pricing. Using a model in which
the aftermarket price of IPO shares depends on the information about the intrinsic value of …