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 …

We analyze the effects of institutional cross-ownership of same-industry firms on product
market performance and behavior. Our results show that cross-held firms experience …

Conic optimization is a significant and thriving research area within the optimization
community. Conic optimization is the general class of problems concerned with optimizing a …

This paper discusses the literature on delisting, drawing on USA and international evidence.
Given the great heterogeneity in delisting operations, we first consider the standard existing …

This study investigates whether a private firm's decision to go public affects the IPO
decisions of its competitors. Using detailed data from the drug development industry, we …

This paper studies the effect of advertising on stock returns both in the short and in the long
run. We find that a greater amount of advertising is associated with a larger stock return in …

We analyze a private firm's choice of exit mechanism between initial public offerings (IPOs)
and acquisitions, and we provide a resolution to the “IPO valuation premium puzzle.” The …

Nearly 40% of IPO firms redact information from their SEC registration filings. These firms
exhibit characteristics consistent with the need to shield proprietary information from …

We examine how societal secrecy affects the underpricing of initial public offerings (IPOs).
Using a large sample of 18,304 IPOs across 38 countries, we find robust evidence that IPO …

We examine firms' incentives to go public in the presence of product market competition. As
a result of their greater ability to diversify idiosyncratic risk in the capital market, public firms' …