This paper examines the relation between cognitive perceptions of management and firm
valuation. We develop a composite measure of investor perception using 30‐second content …

This paper aims to analyse the impact of firms' corporate governance characteristics on the
degree of first-day returns (ie, underpricing) in the Italian initial public offering (IPO) market …

At the time of an initial public offering (IPO), firms seek to maximize their stock market value.
The authors theorize and show that a firm's innovation potential—firm outputs and activities …

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 …

We examine four issues pertaining to initial public offerings (IPOs) using a survey of 438
chief financial officers (CFOs). First, why do firms go public? Second, is CFO sentiment …

We investigate whether the post-IPO market performance of IPO stocks is related to the
percentage of shares issued to the public, namely, the public float. We demonstrate that a …

We investigate the post-IPO evolution of institutional investor holdings and the manner in
which operating performance is related to these holdings. During the first year after the IPO …

We examine long run returns subsequent to the lockup expiration of firms having gone
public. We find that returns are negatively associated with abnormal selling by senior …

We propose a rationale for why firms often return to the equity market shortly after their initial
public offering (IPO). We argue that hard to value firms conduct smaller IPOs, and that they …

This paper utilizes an understudied but often utilized aspect of initial public offerings (IPOs),
secondary shares, to examine whether the knowledge conditions of firms give rise to agency …