IDEAS home Printed from https://ideas.repec.org/f/c/pde1452.html
   My authors  Follow this author

Francois Derrien

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Working papers

  1. Derrien, François & Krueger, Philipp & Landier, Augustin & Yao, Tianhao, 2021. "ESG News, Future Cash Flows, and Firm Value," HEC Research Papers Series 1441, HEC Paris.

    Cited by:

    1. Deng, Guoying & Ma, Shibo & Yan, Jingzhou & Shuai, Can & Liu, Hanying, 2024. "Dissecting the impact of the three E, S, G pillars on credit risk," Economic Analysis and Policy, Elsevier, vol. 83(C), pages 301-313.
    2. Yang, Runze & Wu, Junwei & Yang, Cunyi & Albitar, Khaldoon, 2024. "Far-sighted through mitigating risk: Directors and officers liability insurance and corporate ESG performance," International Review of Financial Analysis, Elsevier, vol. 96(PB).
    3. Gao, Ning & Jiang, Wei & Jin, Jiaxu, 2024. "Unravelling investors’ diverging responses to U.S. firms' global ESG incidents," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 91(C).

  2. François Derrien & Philipp Krueger & Augustin Landier & Tianhao Yao, 2021. "How Do ESG Incidents Affect Firm Value?," Swiss Finance Institute Research Paper Series 21-84, Swiss Finance Institute.

    Cited by:

    1. Vu Le Tran & Guillaume Coqueret, 2023. "ESG news spillovers across the value chain," Financial Management, Financial Management Association International, vol. 52(4), pages 677-710, December.
    2. Bolognesi, Enrica & Burchi, Alberto, 2023. "The impact of the ESG disclosure on sell-side analysts’ target prices: The new era post Paris agreements," Research in International Business and Finance, Elsevier, vol. 64(C).
    3. Vu Le Tran & Guillaume Coqueret, 2023. "ESG news spillovers across the value chain," Post-Print hal-04325746, HAL.
    4. Kvam, Emilie & Molnar, Peter & Wankel, Ingvild & Odegaard, Bernt Arne, 2022. "Do sustainable company stock prices increase with ESG scrutiny? Evidence using social media," UiS Working Papers in Economics and Finance 2022/1, University of Stavanger.
    5. Chen, Zhongfei & Xie, Guanxia, 2022. "ESG disclosure and financial performance: Moderating role of ESG investors," International Review of Financial Analysis, Elsevier, vol. 83(C).

  3. Derrien, François & Garel, Alexandre & Romec, Arthur & Weisskopf, Jean-Philippe, 2020. "Online Reputation and Debt Capacity," HEC Research Papers Series 1367, HEC Paris.

    Cited by:

    1. Ke & Ma & Sophie Yanying Sheng & Haitian Xie, 2023. "Employer Reputation and the Labor Market: Evidence from Glassdoor.com and Dice.com," Papers 2305.02587, arXiv.org, revised Sep 2023.

  4. Derrien, François & Kecskes, Ambrus & Nguyen, Phuong-Anh, 2018. "Labor Force Demographics and Corporate Innovation," HEC Research Papers Series 1243, HEC Paris.

    Cited by:

    1. Basso, Henrique S. & Jimeno, Juan F., 2021. "From secular stagnation to robocalypse? Implications of demographic and technological changes," Journal of Monetary Economics, Elsevier, vol. 117(C), pages 833-847.
    2. Park, Cyn-Young & Shin, Kwanho & Kikkawa, Aiko, 2022. "Demographic change, technological advance, and growth: A cross-country analysis," Economic Modelling, Elsevier, vol. 108(C).
    3. Balazs Zelity, 2020. "Age Diversity and Aggregate Productivity," Wesleyan Economics Working Papers 2020-004, Wesleyan University, Department of Economics.
    4. Ashira Menashe-Oren, 2020. "Migrant-based youth bulges and social conflict in urban sub-Saharan Africa," Demographic Research, Max Planck Institute for Demographic Research, Rostock, Germany, vol. 42(3), pages 57-98.

  5. Derrien, François & Frésard, Laurent & Slabik, Victoria & Valta, Philip, 2017. "The Negative Effects of Mergers and Acquisitions on the Value of Rivals," HEC Research Papers Series 1204, HEC Paris, revised 04 Oct 2017.

    Cited by:

    1. Norbäck, Pehr-Johan & Persson, Lars & Tåg, Joacim, 2018. "Threatening to buy: Private equity buyouts and antitrust policy," Economics Letters, Elsevier, vol. 164(C), pages 31-34.

  6. Thesmar, David & Ors, Evren & Derrien, Francois & Boissel, Charles, 2015. "Systemic Risk in Clearing Houses: Evidence from the European Repo Market," HEC Research Papers Series 1112, HEC Paris.

    Cited by:

    1. Guagliano, Claudia & Mazzacurati, Julien, 2017. "Collateral scarcity premia in euro area repo markets," ESRB Working Paper Series 55, European Systemic Risk Board.
    2. Ferry Syarifuddin & Prayudhi Azwar, 2019. "The Scope, Prospect And Implication Of New Form Of Financial Intermediation For Monetary Policy In Indonesia," Working Papers WP/08/2019, Bank Indonesia.
    3. Corradin, Stefano & Heider, Florian & Hoerova, Marie, 2017. "On collateral: implications for financial stability and monetary policy," Working Paper Series 2107, European Central Bank.
    4. Gabrielle Demange & Thibaut Piquard, 2021. "On the market structure of central counterparties in the EU," PSE Working Papers halshs-03107812, HAL.
    5. Francesca Barbiero & Glenn Schepens & Jean‐David Sigaux, 2024. "Liquidation Value and Loan Pricing," Journal of Finance, American Finance Association, vol. 79(1), pages 95-128, February.
    6. Coen, Jamie & Coen, Patrick & Hüser, Anne-Caroline, 2024. "Collateral Demand in Wholesale Funding Markets," TSE Working Papers 130323, Toulouse School of Economics (TSE).
    7. Injun Hwang & Baeho Kim, 2022. "A systemic change of measure from central clearing," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 42(9), pages 1738-1754, September.
    8. González-Urteaga, Ana & Rubio, Gonzalo, 2022. "Guarantee requirements by European central counterparties and international volatility spillovers," Research in International Business and Finance, Elsevier, vol. 62(C).
    9. van Horen, Neeltje & Kotidis, Antonios, 2018. "Repo market functioning: The role of capital regulation," CEPR Discussion Papers 13090, C.E.P.R. Discussion Papers.
    10. Bagattini, Giulio & Fecht, Falko & Weber, Patrick, 2019. "The fire-sale channels of universal banks in the European sovereign debt crisis," Discussion Papers 43/2019, Deutsche Bundesbank.
    11. Veraart, Luitgard A. M. & Aldasoro, Iñaki, 2025. "Systemic risk in markets with multiple central counterparties," LSE Research Online Documents on Economics 124535, London School of Economics and Political Science, LSE Library.
    12. Christian Kubitza & Loriana Pelizzon & Mila Getmansky Sherman, 2024. "Loss Sharing in Central Clearinghouses: Winners and Losers," The Review of Asset Pricing Studies, Society for Financial Studies, vol. 14(2), pages 237-273.
    13. Benedikt Ballensiefen & Angelo Ranaldo, 2019. "Safe Asset Carry Trade," Working Papers on Finance 1909, University of St. Gallen, School of Finance, revised Oct 2019.
    14. Glenn Boyle & Roger Stover & Amrit Tiwana & Oleksandr Zhylyevskyy, 2022. "Depositor Responses to a Banking Crisis: Are Finance Professionals Special?," Working Papers in Economics 22/03, University of Canterbury, Department of Economics and Finance.
    15. N. Cassola & F. Koulischer, 2016. "The Collateral Channel of Open Market Operations," Working papers 593, Banque de France.
    16. Christophe Pérignon & David Thesmar & Guillaume Vuillemey, 2018. "Wholesale Funding Dry‐Ups," Journal of Finance, American Finance Association, vol. 73(2), pages 575-617, April.
    17. Hüser, Anne-Caroline & Lepore, Caterina & Veraart, Luitgard Anna Maria, 2024. "How does the repo market behave under stress? Evidence from the COVID-19 crisis," Journal of Financial Stability, Elsevier, vol. 70(C).
    18. Bulusu, Narayan & Guérin, Pierre, 2019. "What drives interbank loans? Evidence from Canada," Journal of Banking & Finance, Elsevier, vol. 106(C), pages 427-444.
    19. Cyril Monnet & Thomas Nellen, 2014. "The Collateral Costs of Clearing," Working Papers 2014-04, Swiss National Bank.
    20. Giordano, Matteo & Goghie, Alexandru-Stefan, 2023. "From Policy to Regime: the changing posture of the ECB between liquidity and collateral through the lens of Monetary Regime," SocArXiv rw3ms_v1, Center for Open Science.
    21. Alexander Bechtel & Angelo Ranaldo & Jan Wrampelmeyer, 2023. "Liquidity Risk and Funding Cost," Review of Finance, European Finance Association, vol. 27(2), pages 399-422.
    22. Wenqian Huang, 2019. "Central counterparty capitalization and misaligned incentives," BIS Working Papers 767, Bank for International Settlements.
    23. Kazuya Suzuki & Kana Sasamoto, 2022. "Quantitative Analysis of Haircuts: Evidence from the Japanese Repo and Securities Lending Markets," Bank of Japan Working Paper Series 22-E-13, Bank of Japan.
    24. Corradin, Stefano & Eisenschmidt, Jens & Hoerova, Marie & Linzert, Tobias & Schepens, Glenn & Sigaux, Jean-David, 2020. "Money markets, central bank balance sheet and regulation," Working Paper Series 2483, European Central Bank.
    25. Julliard, Christian & Pinter, Gabor & Todorov, Karamfil & Yuan, Kathy, 2022. "What drives repo haircuts? Evidence from the UK market," Bank of England working papers 985, Bank of England.
    26. Zhi, Bangdong & Wang, Xiaojun & Xu, Fangming, 2020. "Impawn rate optimisation in inventory financing: A canonical vine copula-based approach," International Journal of Production Economics, Elsevier, vol. 227(C).
    27. Patrick Schaffner & Angelo Ranaldo & Kostas Tsatsaronis, 2019. "Euro repo market functioning: collateral is king," BIS Quarterly Review, Bank for International Settlements, December.
    28. Eisenschmidt, Jens & Ma, Yiming & Zhang, Anthony Lee, 2022. "Monetary policy transmission in segmented markets," Working Paper Series 2706, European Central Bank.
    29. Tobe, Reiko & Uno, Jun, 2024. "Central bank asset purchases and lending: Impact on search frictions," Journal of Financial Intermediation, Elsevier, vol. 58(C).
    30. Ranaldo, Angelo & Wrampelmeyer, Jan, 2016. "Unsecured and Secured Funding," Working Papers on Finance 1616, University of St. Gallen, School of Finance.
    31. Jessie Jiaxu Wang & Agostino Capponi & Hongzhong Zhang, 2022. "A Theory of Collateral Requirements for Central Counterparties," Management Science, INFORMS, vol. 68(9), pages 6993-7017, September.
    32. Berndsen, Ron, 2020. "Five Fundamental Questions on Central Counterparties," Other publications TiSEM 1f3bd844-92ab-4104-8f57-9, Tilburg University, School of Economics and Management.
    33. Steffen Murau & Alexandru-Stefan Goghie & Matteo Giordano, 2024. "Encumbered Security? Conceptualising Vertical and Horizontal Repos in the Euro Area," Working Papers 262, Department of Economics, SOAS University of London, UK.
    34. Ranaldo, Angelo & Schaffner, Patrick & Vasios, Michalis, 2019. "Regulatory effects on short-term interest rates," Bank of England working papers 801, Bank of England.
    35. Angelo Ranaldo & Benedikt Ballensiefen & Hannah Winterberg, 2020. "Monetary policy disconnect," Working Papers on Finance 2003, University of St. Gallen, School of Finance.
    36. Giordano, Matteo & Goghie, Alexandru-Stefan, 2023. "From Policy to Regime: the changing posture of the ECB between liquidity and collateral through the lens of Monetary Regime," SocArXiv rw3ms, Center for Open Science.
    37. Dufour, Alfonso & Marra, Miriam & Sangiorgi, Ivan, 2019. "Determinants of intraday dynamics and collateral selection in centrally cleared and bilateral repos," Journal of Banking & Finance, Elsevier, vol. 107(C), pages 1-1.
    38. Mahmoud Fatouh & Simone Giansante & Steven Ongena, 2023. "Quantitative Easing and the Functioning of the Gilts Repo Market," Swiss Finance Institute Research Paper Series 23-82, Swiss Finance Institute.
    39. Coen, Jamie & Coen, Patrick & Hüser, Anne-Caroline, 2024. "Collateral demand in wholesale funding markets," Bank of England working papers 1082, Bank of England.
    40. Gerba, Eddie & Katsoulis, Petros, 2021. "The repo market under Basel III," Bank of England working papers 954, Bank of England.
    41. Corradin, Stefano & Maddaloni, Angela, 2017. "The importance of being special: repo markets during the crisis," Working Paper Series 2065, European Central Bank.
    42. Berndsen, Ron, 2020. "Five Fundamental Questions on Central Counterparties," Discussion Paper 2020-028, Tilburg University, Center for Economic Research.
    43. Hüser, Anne-Caroline & Lepore, Caterina & Veraart, Luitgard, 2021. "How does the repo market behave under stress? Evidence from the Covid-19 crisis," Bank of England working papers 910, Bank of England, revised 18 Jun 2021.
    44. Yin, Libo & Feng, Jiabao & Han, Liyan, 2021. "Systemic risk in international stock markets: Role of the oil market," International Review of Economics & Finance, Elsevier, vol. 71(C), pages 592-619.
    45. Bulusu, Narayan, 2024. "Disentangling the supply and announcement effects of open market operations," Journal of Financial Markets, Elsevier, vol. 67(C).
    46. Thomas Richter, 2021. "Central Counterparties and Liquidity Provision in Cash Markets," JRFM, MDPI, vol. 14(12), pages 1-26, December.
    47. Ron Berndsen, 2021. "Fundamental questions on central counterparties: A review of the literature," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 41(12), pages 2009-2022, December.

  7. François Derrien & Ambrus Kecskés, 2013. "The Real Effects of Financial Shocks: Evidence from Exogenous Changes in Analyst Coverage," Post-Print hal-00852356, HAL.

    Cited by:

    1. Michelle L. Zorn & Christine Shropshire & John A. Martin & James G. Combs & David J. Ketchen Jr., 2017. "Home Alone: The Effects of Lone-Insider Boards on CEO Pay, Financial Misconduct, and Firm Performance," Strategic Management Journal, Wiley Blackwell, vol. 38(13), pages 2623-2646, December.
    2. Hansen, Robert S., 2015. "What is the value of sell-side analysts? Evidence from coverage changes – A discussion," Journal of Accounting and Economics, Elsevier, vol. 60(2), pages 58-64.
    3. Lin, Luca X., 2022. "Taking no chances: Lender concentration and corporate acquisitions," Journal of Corporate Finance, Elsevier, vol. 76(C).
    4. Zijian Cheng & Zhangxin (Frank) Liu & Yupu Sun, 2021. "Share pledging and financial constraints in China," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 61(3), pages 4147-4189, September.
    5. Zhong, Huaming & Al-Duais, Zinb Abduljabbar Mohamed & Peng, Biyu, 2023. "The impact of idiosyncratic risk on corporate financialisation——Evidence from China," International Review of Financial Analysis, Elsevier, vol. 86(C).
    6. Galanti, Sébastien & Leroy, Aurélien & Vaubourg, Anne-Gaël, 2022. "Investment and access to external finance in Europe: Does analyst coverage matter?," International Review of Financial Analysis, Elsevier, vol. 81(C).
    7. Li, Quan & Chen, Yang & Wan, Mengfei, 2023. "The impact of central environmental inspection on institutional ownership: Evidence from Chinese listed firms," Pacific-Basin Finance Journal, Elsevier, vol. 77(C).
    8. Nguyen, Lan Thi Mai & Cheong, Chee Seng & Zurbruegg, Ralf, 2021. "Brokerage M&As and the peer effect on analyst forecast accuracy," International Review of Financial Analysis, Elsevier, vol. 73(C).
    9. Guo, Bing & Pérez-Castrillo, David & Toldrà-Simats, Anna, 2019. "Firms’ innovation strategy under the shadow of analyst coverage," Journal of Financial Economics, Elsevier, vol. 131(2), pages 456-483.
    10. Zheng, Michael, 2022. "Is cash the panacea of the COVID-19 pandemic: Evidence from corporate performance," Finance Research Letters, Elsevier, vol. 45(C).
    11. Po‐Hsin Ho & Chih‐Yung Lin & Tse‐Chun Lin, 2022. "Equity Short Selling and the Bank Loan Market," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 54(2-3), pages 349-379, March.
    12. To, Thomas Y. & Navone, Marco & Wu, Eliza, 2018. "Analyst coverage and the quality of corporate investment decisions," Journal of Corporate Finance, Elsevier, vol. 51(C), pages 164-181.
    13. Theodore E. Christensen & Enrique Gomez & Matthew Ma & Jing Pan, 2021. "Analysts’ role in shaping non-GAAP reporting: evidence from a natural experiment," Review of Accounting Studies, Springer, vol. 26(1), pages 172-217, March.
    14. Viral V. Acharya & Zhaoxia Xu, 2013. "Financial Dependence and Innovation: The Case of Public versus Private Firms," NBER Working Papers 19708, National Bureau of Economic Research, Inc.
    15. Qiao, Lu & Fei, Junjun, 2022. "Government subsidies, enterprise operating efficiency, and “stiff but deathless” zombie firms," Economic Modelling, Elsevier, vol. 107(C).
    16. David A. Becher & Jonathan B. Cohn & Jennifer L. Juergens, 2015. "Do Stock Analysts Influence Merger Completion? An Examination of Postmerger Announcement Recommendations," Management Science, INFORMS, vol. 61(10), pages 2430-2448, October.
    17. To, Thomas Y. & Wu, Eliza & Zhang, Lambert, 2022. "Mind the sovereign ceiling on corporate performance," Journal of Corporate Finance, Elsevier, vol. 75(C).
    18. Huang, Yu-Li & Shen, Chung-Hua, 2019. "What role does the investor-paid rating agency play in China? Competitor or information provider," International Review of Economics & Finance, Elsevier, vol. 63(C), pages 253-272.
    19. Hongwen Han & Jiali Jenna Tang & Qingquan Tang, 2021. "Goodwill Impairment, Securities Analysts, and Information Transparency," European Accounting Review, Taylor & Francis Journals, vol. 30(4), pages 767-799, August.
    20. Chen, Tao & Harford, Jarrad & Lin, Chen, 2015. "Do analysts matter for governance? Evidence from natural experiments," Journal of Financial Economics, Elsevier, vol. 115(2), pages 383-410.
    21. Brendan Daley & Brett Green & Victoria Vanasco, 2016. "Designing securities for scrutiny," Economics Working Papers 1818, Department of Economics and Business, Universitat Pompeu Fabra, revised Nov 2021.
    22. Jin Kyung Choi & Rebecca N. Hann & Musa Subasi & Yue Zheng, 2020. "An Empirical Analysis of Analysts' Capital Expenditure Forecasts: Evidence from Corporate Investment Efficiency," Contemporary Accounting Research, John Wiley & Sons, vol. 37(4), pages 2615-2648, December.
    23. Park, Jihwon & Sani, Jalal & Shroff, Nemit & White, Hal, 2019. "Disclosure incentives when competing firms have common ownership," Journal of Accounting and Economics, Elsevier, vol. 67(2), pages 387-415.
    24. Leilei Gu & Jinyu Liu & Yuchao Peng, 2022. "Locality Stereotype, CEO Trustworthiness and Stock Price Crash Risk: Evidence from China," Journal of Business Ethics, Springer, vol. 175(4), pages 773-797, February.
    25. Wang, Yuxi & Hu, Fangjia & Wang, Yunyun, 2024. "Analyst coverage and greenwashing: Evidence from Chinese A-Share listed corporations," International Review of Economics & Finance, Elsevier, vol. 94(C).
    26. Nicholas Guest & Jaewoo Kim, 2024. "The media response to a loss of analyst coverage," Review of Accounting Studies, Springer, vol. 29(4), pages 3752-3787, December.
    27. Moshirian, Fariborz & Tian, Xuan & Zhang, Bohui & Zhang, Wenrui, 2021. "Stock market liberalization and innovation," Journal of Financial Economics, Elsevier, vol. 139(3), pages 985-1014.
    28. Rachel W. Flam & Jeremiah Green & Joshua A. Lee & Nathan Y. Sharp, 2023. "Ethnic Minority Analysts’ Participation in Public Earnings Conference Calls," Journal of Accounting Research, Wiley Blackwell, vol. 61(5), pages 1591-1631, December.
    29. Qingbo Yuan & Yunyan Zhang & Steven Cahan, 2016. "The real effects of corporate fraud: evidence from class action lawsuits," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 56(3), pages 879-911, September.
    30. Adhikari, Binay K., 2016. "Causal effect of analyst following on corporate social responsibility," Journal of Corporate Finance, Elsevier, vol. 41(C), pages 201-216.
    31. Tuan Ho & Ruby Brownen‐Trinh & Fangming Xu, 2021. "The information content of target price forecasts: Evidence from mergers and acquisitions," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 48(5-6), pages 1134-1171, May.
    32. Jagjeev Dosanjh, 2017. "Exchange Initiatives and Market Efficiency: Evidence from the Australian Securities Exchange," PhD Thesis, Finance Discipline Group, UTS Business School, University of Technology, Sydney, number 1-2017, January-A.
    33. Dang, Tung Lam & Dang, Viet Anh & Moshirian, Fariborz & Nguyen, Lily & Zhang, Bohui, 2019. "News media coverage and corporate leverage adjustments," Journal of Banking & Finance, Elsevier, vol. 109(C).
    34. Nguyen, Phuong-Anh & Kecskés, Ambrus, 2020. "Do technology spillovers affect the corporate information environment?," Journal of Corporate Finance, Elsevier, vol. 62(C).
    35. Hao, (Grace) Qing & Li, Keming, 2022. "Options trading and earnings management: Evidence from the penny pilot program," Journal of Corporate Finance, Elsevier, vol. 77(C).
    36. Bennett, Benjamin & Stulz, René & Wang, Zexi, 2020. "Does the stock market make firms more productive?," Journal of Financial Economics, Elsevier, vol. 136(2), pages 281-306.
    37. Driss, Hamdi & Massoud, Nadia & Roberts, Gordon S., 2019. "Are credit rating agencies still relevant? Evidence on certification from Moody's credit watches," Journal of Corporate Finance, Elsevier, vol. 59(C), pages 119-141.
    38. Grout, Paul A. & Zalewska, Anna, 2016. "Stock market risk in the financial crisis," International Review of Financial Analysis, Elsevier, vol. 46(C), pages 326-345.
    39. Stahl, Jörg R., 2023. "Changes in the electorate and firm values: Evidence from the introduction of female suffrage in Switzerland," Journal of Empirical Finance, Elsevier, vol. 70(C), pages 386-402.
    40. Degryse, Hans & Karagiannis, Nikolaos & Tombeur, Geoffrey & Wuyts, Gunther, 2021. "Two shades of opacity: Hidden orders and dark trading," Journal of Financial Intermediation, Elsevier, vol. 47(C).
    41. Li, Yi & Shen, Dehua & Wang, Pengfei & Zhang, Wei, 2019. "Do analyst recommendations matter for rival companies?," International Review of Financial Analysis, Elsevier, vol. 65(C).
    42. Ferracuti, Elia & Stubben, Stephen R., 2019. "The role of financial reporting in resolving uncertainty about corporate investment opportunities," Journal of Accounting and Economics, Elsevier, vol. 68(2).
    43. Yuan Zhang, 2019. "Information in excess analyst coverage: Evidence from China’s stock market," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 9(6), pages 1-12.
    44. Kuang, Chun & Liu, Zijie & Zhu, Wenyu, 2021. "Need for speed: High-speed rail and firm performance," Journal of Corporate Finance, Elsevier, vol. 66(C).
    45. Kabir, Muhammad & Rahman, Dewan & Jamil, Taher, 2024. "Torn between two debt types? The role of managerial ability in a firmʼs choice between bank loans and public debt," Journal of Banking & Finance, Elsevier, vol. 164(C).
    46. Lof, Matthijs & Bommel, Jos van, 2018. "Asymmetric information and the distribution of trading volume," Bank of Finland Research Discussion Papers 1/2018, Bank of Finland.
    47. Desai, Pranav, 2021. "Essays in corporate finance and innovation," Other publications TiSEM 1ef5fdc6-9c52-43df-be1a-d, Tilburg University, School of Economics and Management.
    48. Altınkılıç, Oya & Balashov, Vadim S. & Hansen, Robert S., 2019. "Investment bank monitoring and bonding of security analysts’ research," Journal of Accounting and Economics, Elsevier, vol. 67(1), pages 98-119.
    49. Tao Chen & Shinichi Kamiya & Pingyi Lou & Andreas Milidonis, 2023. "Analyst coverage, executive compensation and corporate risk‐taking: Evidence from property–casualty insurance firms," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 90(4), pages 899-939, December.
    50. Gu, Lifeng & Wang, Yixin & Yao, Wentao & Zhang, Yilin, 2018. "Stock liquidity and corporate diversification: Evidence from China’s split share structure reform," Journal of Empirical Finance, Elsevier, vol. 49(C), pages 57-80.
    51. Lawrence D. Brown & Andrew C. Call & Michael B. Clement & Nathan Y. Sharp, 2015. "Inside the “Black Box” of Sell‐Side Financial Analysts," Journal of Accounting Research, Wiley Blackwell, vol. 53(1), pages 1-47, March.
    52. Fiorillo, Paolo & Meles, Antonio & Salerno, Dario & Verdoliva, Vincenzo, 2024. "Analyst coverage and default risk," International Review of Economics & Finance, Elsevier, vol. 94(C).
    53. Li, Keming, 2020. "Does Information Asymmetry Impede Market Efficiency? Evidence from Analyst Coverage," Journal of Banking & Finance, Elsevier, vol. 118(C).
    54. Zhang, Chao & Song, Xiaoxiao & Wang, Cancan, 2025. "The bright side of analyst coverage: Evidence from stock price resilience during COVID-19," Research in International Business and Finance, Elsevier, vol. 73(PA).
    55. Roger K. Loh & René M. Stulz, 2014. "Is Sell-Side Research More Valuable in Bad Times?," NBER Working Papers 19778, National Bureau of Economic Research, Inc.
    56. Clarkson, Peter & Gao, Ru & Herbohn, Kathleen, 2020. "The relationship between a firm’s information environment and its cash holding decision," Journal of Contemporary Accounting and Economics, Elsevier, vol. 16(2).
    57. Sung Hwan Jung, 2016. "Audit Effort and Market-perceived Risk: Evidence from South Korea," Australian Accounting Review, CPA Australia, vol. 26(3), pages 255-270, September.
    58. Griffin, Paul A. & Neururer, Thaddeus & Sun, Estelle Y., 2020. "Environmental performance and analyst information processing costs," Journal of Corporate Finance, Elsevier, vol. 61(C).
    59. Jieying Hong, 2024. "Globalization and stock price crash risk: evidence from the US granting permanent normal trade relations to China," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 55(8), pages 997-1019, October.
    60. Hou, Jianlei & Zhao, Shangmei & Yang, Haijun, 2018. "Security analysts’ earnings forecasting performance based on information transmission network," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 509(C), pages 611-619.
    61. Goldman, Jim & Peress, Joel, 2023. "Firm R&D and financial analysis: How do they interact?," Journal of Financial Intermediation, Elsevier, vol. 53(C).
    62. Bradley, Daniel & Gokkaya, Sinan & Liu, Xi & Xie, Fei, 2017. "Are all analysts created equal? Industry expertise and monitoring effectiveness of financial analysts," Journal of Accounting and Economics, Elsevier, vol. 63(2), pages 179-206.
    63. Young‐Chul Jeong & Jisun Yu & Wonsang Ryu, 2024. "Connecting Cross‐Border Market Participants: The Intermediary Role of International Analysts in Global Capital Markets," Journal of Management Studies, Wiley Blackwell, vol. 61(6), pages 2535-2569, September.
    64. Bingxu Fang & Ole-Kristian Hope & Zhongwei Huang & Rucsandra Moldovan, 2020. "The effects of MiFID II on sell-side analysts, buy-side analysts, and firms," Review of Accounting Studies, Springer, vol. 25(3), pages 855-902, September.
    65. Chu, Yongqiang, 2016. "Debt renegotiation and debt overhang: Evidence from lender mergers," MPRA Paper 72403, University Library of Munich, Germany.
    66. Douglas R. Ayres & John L. Campbell & James A. Chyz & Jonathan E. Shipman, 2019. "Do financial analysts compel firms to make accounting decisions? Evidence from goodwill impairments," Review of Accounting Studies, Springer, vol. 24(4), pages 1214-1251, December.
    67. Lin, Mei-Chen, 2023. "Analyst coverage and the idiosyncratic skewness effect in the Taiwan stock market," International Review of Financial Analysis, Elsevier, vol. 85(C).
    68. Jin, Ming & Chen, Fanglin & Chen, Zhongfei, 2023. "Cultural barriers in China's corporate loans," Pacific-Basin Finance Journal, Elsevier, vol. 79(C).
    69. Wu, Qinqin & Chou, Robin K. & Lu, Jing, 2020. "How does air pollution-induced fund-manager mood affect stock markets in China?," Journal of Behavioral and Experimental Finance, Elsevier, vol. 28(C).
    70. Wang, Yang & Zhang, Yifei & Kang, Wei & Ahmed, Ahmed Hassan, 2022. "Female analysts and COVID-19 corporate donation," Emerging Markets Review, Elsevier, vol. 53(C).
    71. Dang, Chongyu & Foerster, Stephen & Li, Zhichuan (Frank) & Tang, Zhenyang, 2021. "Analyst talent, information, and insider trading," Journal of Corporate Finance, Elsevier, vol. 67(C).
    72. Zhang, Shafu & Magnan, Michel & Qiu, Yetaotao & Zeng, Cheng Colin, 2022. "Do banks price production process failures? Evidence from product recalls," Journal of Banking & Finance, Elsevier, vol. 135(C).
    73. Billett, Matthew T. & Garfinkel, Jon A. & Yu, Miaomiao, 2017. "The effect of asymmetric information on product market outcomes," Journal of Financial Economics, Elsevier, vol. 123(2), pages 357-376.
    74. Qin, Yaohua & Xiao, He & Zhang, Yifei, 2019. "Market-based Financing Reforms and Shareholder Valuations: Event Study Evidence from the Chinese Science and Technology Innovation Board," MPRA Paper 94046, University Library of Munich, Germany.
    75. Cen, Ling & Chang, Yuk Ying & Dasgupta, Sudipto, 2022. "Do Analysts Learn from Each Other? Evidence from Analysts’ Location Diversity," CEPR Discussion Papers 15057, C.E.P.R. Discussion Papers.
    76. Marcet, Francisco, 2017. "Analyst coverage network and stock return comovement in emerging markets," Emerging Markets Review, Elsevier, vol. 32(C), pages 1-27.
    77. Alex Young, 2018. "Do analysts affect bad news timeliness?," Accounting and Business Research, Taylor & Francis Journals, vol. 48(2), pages 171-189, February.
    78. E. James Cowan & Karen C. Denning & Anne Anderson & Xiaohui Yang, 2018. "Divergent Market Responses to Human Capital Reorganizations," Business and Economic Research, Macrothink Institute, vol. 8(1), pages 212-243, March.
    79. Luong, Thanh Son & Qiu, Buhui & Wu, Yi (Ava), 2021. "Does it pay to be socially connected with wall street brokerages? Evidence from cost of equity," Journal of Corporate Finance, Elsevier, vol. 68(C).
    80. He Xiao, 2022. "How does air pollution affect corporate information environment?," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 45(4), pages 987-1016, December.
    81. Andriansyah, Andriansyah, 2017. "The Real Effect of Primary and Secondary Equity Markets on Firm Performance: Evidence from Indonesia," MPRA Paper 116696, University Library of Munich, Germany.
    82. Foucault, Thierry & Frésard, Laurent, 2021. "Does Alternative Data Improve Financial Forecasting? The Horizon Effect," CEPR Discussion Papers 15786, C.E.P.R. Discussion Papers.
    83. Du, Ding & Osmonbekov, Talai, 2020. "Direct effect of advertising spending on firm value: Moderating role of financial analyst coverage," International Journal of Research in Marketing, Elsevier, vol. 37(1), pages 196-212.
    84. Inmoo Lee & Rex Wang Renjie & Patrick Verwijmeren, 2023. "How Do Options Add Value? Evidence from the Convertible Bond Market," Review of Finance, European Finance Association, vol. 27(1), pages 189-222.
    85. Ergungor, Ozgur E. & Madureira, Leonardo & Nayar, Nandkumar & Singh, Ajai K., 2015. "Lending relationships and analysts’ forecasts," Journal of Financial Intermediation, Elsevier, vol. 24(1), pages 71-88.
    86. Voeller, Dennis & Voeller, Juliane, 2024. "Strategic use of provisions: Evidence from European multinationals," International Review of Financial Analysis, Elsevier, vol. 96(PB).
    87. Marco Navone & Thomas To, 2020. "Corporate watchdogs," Financial Management, Financial Management Association International, vol. 49(4), pages 925-947, December.
    88. Ole-Kristian Hope & Wuyang Zhao, 2018. "Market reactions to the closest peer firm’s analyst revisions," Accounting and Business Research, Taylor & Francis Journals, vol. 48(4), pages 345-372, June.
    89. Nguyen, Lan Thi Mai & Cheong, Chee Seng & Zurbruegg, Ralf, 2022. "The heterogeneous impact of industry concentration on analyst performance," Advances in accounting, Elsevier, vol. 59(C).
    90. Moonsoo Kang & Wei Wang & Chanyoung Eom, 2017. "Corporate investment and stock liquidity: Evidence on the price impact of trade," Review of Financial Economics, John Wiley & Sons, vol. 33(1), pages 1-11, April.
    91. Chan, Konan & Guo, Re-Jin J. & Wang, Yanzhi A. & Yang, Hsiao-Lin, 2022. "Organization capital and analyst coverage," Journal of Empirical Finance, Elsevier, vol. 69(C), pages 81-105.
    92. Xie, Lingmin & Chen, Zhian & Li, Donghui & Tan, Hongping, 2022. "Foreign analysts and managerial investment learning from stock markets," Journal of Multinational Financial Management, Elsevier, vol. 64(C).
    93. Li, Donghui & Chen, Zhian & An, Zhe & Murong, Michael, 2017. "Do financial analysts play a role in shaping the rival response of target firms? International evidence," Journal of Corporate Finance, Elsevier, vol. 45(C), pages 84-103.
    94. Tim Martens & Christoph J. Sextroh, 2021. "Analyst Coverage Overlaps and Interfirm Information Spillovers," Journal of Accounting Research, Wiley Blackwell, vol. 59(4), pages 1425-1480, September.
    95. Edmans, Alex & Jayaraman, Sudarshan & Schneemeier, Jan, 2017. "The source of information in prices and investment-price sensitivity," Journal of Financial Economics, Elsevier, vol. 126(1), pages 74-96.
    96. Derrien, François & Kecskés, Ambrus & Mansi, Sattar A., 2016. "Information asymmetry, the cost of debt, and credit events: Evidence from quasi-random analyst disappearances," Journal of Corporate Finance, Elsevier, vol. 39(C), pages 295-311.
    97. Amiyatosh Purnanandam & Uday Rajan, 2018. "Growth Option Exercise and Capital Structure [Illiquidity and stock returns: cross-section and time series effects]," Review of Finance, European Finance Association, vol. 22(1), pages 177-206.
    98. Xu Li & Chen Lin & Xintong Zhan, 2019. "Does Change in the Information Environment Affect Financing Choices?," Management Science, INFORMS, vol. 65(12), pages 5676-5696, December.
    99. Zhenzhen Chen & Yu He & Yum K. Kwan, 2024. "The High-tech Enterprise Certification Policy and Innovation: Quantity or Quality?," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(3), pages 14135-14171, September.
    100. Gao, Ning & Jiang, Wei & Jin, Jiaxu, 2023. "Disproportional control rights and debt maturity," International Review of Financial Analysis, Elsevier, vol. 85(C).
    101. Zifeng Feng & William G. Hardin & Zhonghua Wu, 2024. "REIT Chief Executive Officer (CEO) Compensation in the New Era," The Journal of Real Estate Finance and Economics, Springer, vol. 69(4), pages 651-681, November.
    102. Meng Lyu & Xiaojie Christine Sun & Bing Wang, 2023. "Chief Audit Executive as Supervisory Board Member and Executive Compensation Contracts," Abacus, Accounting Foundation, University of Sydney, vol. 59(1), pages 258-299, March.
    103. Todd Mitton, 2022. "Methodological Variation in Empirical Corporate Finance," The Review of Financial Studies, Society for Financial Studies, vol. 35(2), pages 527-575.
    104. Brendan Daley & Brett Green & Victoria Vanasco, 2020. "Securitization, Ratings, and Credit Supply," Journal of Finance, American Finance Association, vol. 75(2), pages 1037-1082, April.
    105. Akyol, Ali C. & Qian, Yiming & Yu, Frank, 2023. "How do experienced analysts improve price efficiency?," Journal of Banking & Finance, Elsevier, vol. 149(C).
    106. Allen, Arthur & Francis, Bill B. & Wu, Qiang & Zhao, Yijiang, 2016. "Analyst coverage and corporate tax aggressiveness," Journal of Banking & Finance, Elsevier, vol. 73(C), pages 84-98.
    107. Wang, Zhen & Sun, Lei & John Wei, K.C., 2020. "Does competition induce analyst effort? evidence from a natural experiment of broker mergers," Journal of Banking & Finance, Elsevier, vol. 119(C).
    108. Dennis, Patrick J. & Sandås, Patrik, 2014. "Does Trading Anonymously Enhance Liquidity?," Working Paper Series 288, Sveriges Riksbank (Central Bank of Sweden).
    109. Dennis, Patrick J. & Sandås, Patrik, 2020. "Does Trading Anonymously Enhance Liquidity?," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 55(7), pages 2372-2396, November.
    110. Blanco, Iván & García, Sergio J., 2021. "Options trading and the cost of debt," Journal of Corporate Finance, Elsevier, vol. 69(C).
    111. Shengli Dai & Weimin Zhang & Yingying Wang & Ge Wang, 2022. "Examining the Impact of Regional Development Policy on Industrial Structure Upgrading: Quasi-Experimental Evidence from China," IJERPH, MDPI, vol. 19(9), pages 1-18, April.
    112. Contreras, Harold & Marcet, Francisco, 2021. "Sell-side analyst heterogeneity and insider trading," Journal of Corporate Finance, Elsevier, vol. 66(C).
    113. Черкасова Виктория Артуровна & Дуняшева Регина Фаритовна, 2016. "Инвестиционные Решения Компаний В Условиях Асимметрии Информации," Higher School of Economics Economic Journal Экономический журнал Высшей школы экономики, CyberLeninka;Федеральное государственное автономное образовательное учреждение высшего образования «Национальный исследовательский университет «Высшая школа экономики», vol. 20(4), pages 655-690.
    114. Philippot, Aurélien, 2018. "Analysts’ reinitiations of coverage and market underreaction," Journal of Banking & Finance, Elsevier, vol. 94(C), pages 208-220.
    115. Daniel Bradley & Incheol Kim & Xuan Tian, 2017. "Do Unions Affect Innovation?," Management Science, INFORMS, vol. 63(7), pages 2251-2271, July.
    116. Xede, James & Simon Peter Dak-Adzaklo, Cephas & Ofosu, Emmanuel & Wise Dodzidenu Adza, Solomon, 2023. "Competition laws, external financing and investment," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 82(C).
    117. Larry Fauver & Gilberto Loureiro, 2015. "Equity Offerings, Stock Price Crash Risk, and the Impact of Securities Regulation: International Evidence," NIPE Working Papers 14/2015, NIPE - Universidade do Minho.
    118. Hoang, Khanh & Nguyen, Cuong & Zhang, Hailiang, 2021. "How does economic policy uncertainty affect corporate diversification?," International Review of Economics & Finance, Elsevier, vol. 72(C), pages 254-269.
    119. Xu, Zhaoxia, 2020. "Economic policy uncertainty, cost of capital, and corporate innovation," Journal of Banking & Finance, Elsevier, vol. 111(C).
    120. Cao, June & Li, Wenwen & Bilokha, Alona, 2022. "Low-carbon city initiatives and analyst behaviour: A quasi-natural experiment," Journal of Financial Stability, Elsevier, vol. 62(C).

  8. Francois Degeorge & François Derrien & Ambrus Kecskes & Sebastien Michenaud, 2013. "Do Analysts' Preferences Affect Corporate Policies?," Swiss Finance Institute Research Paper Series 13-22, Swiss Finance Institute.

    Cited by:

    1. David A. Becher & Jonathan B. Cohn & Jennifer L. Juergens, 2015. "Do Stock Analysts Influence Merger Completion? An Examination of Postmerger Announcement Recommendations," Management Science, INFORMS, vol. 61(10), pages 2430-2448, October.
    2. Bradley, Daniel & Gokkaya, Sinan & Liu, Xi & Xie, Fei, 2017. "Are all analysts created equal? Industry expertise and monitoring effectiveness of financial analysts," Journal of Accounting and Economics, Elsevier, vol. 63(2), pages 179-206.
    3. Marcet, Francisco, 2017. "Analyst coverage network and stock return comovement in emerging markets," Emerging Markets Review, Elsevier, vol. 32(C), pages 1-27.
    4. Felipe Cortes & Francisco Marcet, 2023. "Analysts’ Connections and M&A Outcomes," Management Science, INFORMS, vol. 69(7), pages 4108-4133, July.

  9. François Derrien, 2010. "Initial Public Offerings," Post-Print hal-00696599, HAL.

    Cited by:

    1. Szyszka Adam, 2014. "Factors Influencing IPO Decisions. Do Corporate Managers Use Market and Corporate Timing? A Survey," International Journal of Management and Economics, Warsaw School of Economics, Collegium of World Economy, vol. 42(1), pages 30-39, June.
    2. Füllbrunn, Sascha & Neugebauer, Tibor & Nicklisch, Andreas, 2014. "Underpricing of Initial Public Offerings in Experimental Asset Markets," WiSo-HH Working Paper Series 19, University of Hamburg, Faculty of Business, Economics and Social Sciences, WISO Research Laboratory.
    3. Plotnicki, Michal & Szyszka, Adam, 2014. "IPO market timing. The evidence of the disposition effect among corporate managers," Global Finance Journal, Elsevier, vol. 25(1), pages 48-55.

  10. François Derrien & Ambrus Kecskes, 2009. "How Much Does Investor Sentiment Really Matter for Equity Issuance Activity?," Post-Print hal-00459766, HAL.

    Cited by:

    1. Enzo Dia & Fabrizio Casalin, 2013. "Security issuance and the business cycle," Economics Bulletin, AccessEcon, vol. 33(3), pages 1751-1761.
    2. Wang, Wenzhao & Duxbury, Darren, 2021. "Institutional investor sentiment and the mean-variance relationship: Global evidence," Journal of Economic Behavior & Organization, Elsevier, vol. 191(C), pages 415-441.
    3. Saade, Samer, 2015. "Investor sentiment and the underperformance of technology firms initial public offerings," Research in International Business and Finance, Elsevier, vol. 34(C), pages 205-232.
    4. Wang, Wenzhao & Su, Chen & Duxbury, Darren, 2021. "Investor sentiment and stock returns: Global evidence," Journal of Empirical Finance, Elsevier, vol. 63(C), pages 365-391.
    5. Stavros Thomadakis & Christos Nounis & Dimitrios Gounopoulos, 2012. "Long†term Performance of Greek IPOs," European Financial Management, European Financial Management Association, vol. 18(1), pages 117-141, January.
    6. Dieckelmann, Daniel, 2021. "Market sentiment, financial fragility, and economic activity: The role of corporate securities issuance," Discussion Papers 2021/6, Free University Berlin, School of Business & Economics.
    7. Harper, Joel T. & Iyer, Subramanian Rama & Nejadmalayeri, Ali, 2017. "Diversification discount and investor sentiment," The North American Journal of Economics and Finance, Elsevier, vol. 42(C), pages 218-236.
    8. Finter, Philipp & Niessen-Ruenzi, Alexandra & Ruenzi, Stefan, 2011. "The impact of investor sentiment on the German stock market," CFR Working Papers 10-03 [rev.], University of Cologne, Centre for Financial Research (CFR).

  11. François Derrien, 2009. "Investor Horizons and Corporate Policies," Post-Print hal-00495704, HAL.

    Cited by:

    1. Alberto Manconi & Massimo Massa & Lei Zhang, 2016. "Bondholder Concentration and Credit Risk: Evidence from a Natural Experiment," Review of Finance, European Finance Association, vol. 20(1), pages 127-159.
    2. Kondor, Péter, 2011. "The more we know on the fundamental, the less we agree on the price," CEPR Discussion Papers 8455, C.E.P.R. Discussion Papers.

  12. François DEGEORGE & François DERRIEN & Kent L. WOMACK, 2008. "Auctioned IPOs: The U.S. Evidence," Swiss Finance Institute Research Paper Series 08-38, Swiss Finance Institute.

    Cited by:

    1. Bhurjee, Keerat & Saragur Ramanna, Vishwanatha, 2024. "Preopening auctions and price discovery in initial public offerings," Journal of Banking & Finance, Elsevier, vol. 165(C).
    2. Chen Su, 2018. "The efficiency of IPO issuing mechanisms and market conditions: evidence in China," Review of Quantitative Finance and Accounting, Springer, vol. 51(2), pages 461-495, August.
    3. Schnitzlein, Charles R. & Shao, Minjie, 2013. "Capacity constraints and the winner's curse in multi-unit common value auctions," The Quarterly Review of Economics and Finance, Elsevier, vol. 53(2), pages 188-201.
    4. Akron, Sagi & Samdani, Taufique, 2017. "Investor protection and institutional investors’ incentive for information production," Journal of Financial Stability, Elsevier, vol. 30(C), pages 1-15.
    5. Neupane, Suman & Poshakwale, Sunil S., 2012. "Transparency in IPO mechanism: Retail investors’ participation, IPO pricing and returns," Journal of Banking & Finance, Elsevier, vol. 36(7), pages 2064-2076.
    6. Neupane, Suman & Marshall, Andrew & Paudyal, Krishna & Thapa, Chandra, 2017. "Do investors flip less in bookbuilding than in auction IPOs?," Journal of Corporate Finance, Elsevier, vol. 47(C), pages 253-268.
    7. Gao, Shenghao & Cao, Feng & Fok, Robert (Chi-Wing), 2019. "The anchoring effect of underwriters' proposed price ranges on institutional investors' bid prices in IPO auctions: Evidence from China," International Review of Economics & Finance, Elsevier, vol. 63(C), pages 111-127.
    8. Fabio Bertoni & Matteo Bonaventura & Giancarlo Giudici, 2013. "The allotment of IPO shares: placing strategies between retail versus institutional investors," Chapters, in: Mario Levis & Silvio Vismara (ed.), Handbook of Research on IPOs, chapter 10, pages 207-218, Edward Elgar Publishing.
    9. Füllbrunn, Sascha & Neugebauer, Tibor & Nicklisch, Andreas, 2014. "Underpricing of Initial Public Offerings in Experimental Asset Markets," WiSo-HH Working Paper Series 19, University of Hamburg, Faculty of Business, Economics and Social Sciences, WISO Research Laboratory.
    10. Stefano Bonini & Olena Voloshyna, 2013. "A, B or C? Experimental Tests of IPO Mechanisms," European Financial Management, European Financial Management Association, vol. 19(2), pages 304-344, March.
    11. Seshadev Sahoo, 2015. "Subscription Rate and Volatility," Journal of Emerging Market Finance, Institute for Financial Management and Research, vol. 14(1), pages 20-58, April.
    12. Lu, Yuechan & Samdani, Taufique, 2019. "The economic role of institutional investors in auction IPOs," Journal of Corporate Finance, Elsevier, vol. 56(C), pages 267-281.
    13. Alan D Morrison & Carola Schenone & Aaron Thegeya & William J WilhelmJr., 2018. "Investment-Banking Relationships: 1933–2007," The Review of Corporate Finance Studies, Society for Financial Studies, vol. 7(2), pages 194-244.
    14. Cerezo Sánchez, David, 2017. "An Optimal ICO Mechanism," MPRA Paper 81285, University Library of Munich, Germany.
    15. Joseph Weber & Michael Willenborg & Biyu Wu & Yanhua Sunny Yang, 2024. "IPO price formation and analyst coverage," Review of Accounting Studies, Springer, vol. 29(4), pages 3788-3837, December.
    16. Shenghao Gao & Peyman Khezr & Armin Pourkhanali, 2024. "Uniform price auctions with pre-announced revenue targets: Evidence from China's SEOs," Papers 2410.00063, arXiv.org.
    17. Jiang, Ping & Shao, Xinjian & Xue, Yi, 2022. "The role of a long-term investor-underwriter relationship in auctioned IPOs," Journal of Banking & Finance, Elsevier, vol. 135(C).
    18. Michael Willenborg & Biyu Wu & Yanhua Sunny Yang, 2015. "Issuer Operating Performance and IPO Price Formation," Journal of Accounting Research, Wiley Blackwell, vol. 53(5), pages 1109-1149, December.
    19. Güçbilmez, Ufuk & Ó Briain, Tomás, 2021. "Bidding styles of institutional investors in IPO auctions," Journal of Financial Markets, Elsevier, vol. 53(C).
    20. Ma, Xinru & He, Jingbin & Liao, Jingchi, 2021. "Does decision fatigue affect institutional bidding behavior? Evidence from Chinese IPO market," Economic Modelling, Elsevier, vol. 98(C), pages 1-12.
    21. Brooks, Raymond M. & Mathew, Prem G. & Yang, J. Jimmy, 2014. "When-issued trading in the Indian IPO market," Journal of Financial Markets, Elsevier, vol. 19(C), pages 170-196.
    22. Jagannathan, Ravi & Jirnyi, Andrei & Sherman, Ann Guenther, 2015. "Share auctions of initial public offerings: Global evidence," Journal of Financial Intermediation, Elsevier, vol. 24(3), pages 283-311.
    23. Hsuan-Chi Chen & Sheng-Ching Wu, 2015. "Who Makes the Choice on IPO Underwriting Methods? Issuers Versus Underwriters," Financial Management, Financial Management Association International, vol. 44(4), pages 753-783, October.
    24. Yao-Min Chiang & Michelle Lowry & Yiming Qian, 2019. "The Information Advantage of Underwriters in IPOs," Management Science, INFORMS, vol. 65(12), pages 5721-5740, December.
    25. Chi, Yeguang & He, Jingbin & Ma, Xinru & Wu, Fei, 2023. "Institutional investor inattention bias in auctioned IPOs," Journal of Banking & Finance, Elsevier, vol. 150(C).
    26. Hoque, Hafiz & Mu, Shaolong, 2023. "Information spillover in Chinese hybrid IPO auctions," Journal of International Money and Finance, Elsevier, vol. 131(C).
    27. Chi, Yeguang & He, Jingbin & Ma, Xinru & Wu, Fei, 2023. "Air pollution and institutional investors' valuation bias during initial public offerings," Pacific-Basin Finance Journal, Elsevier, vol. 80(C).
    28. Wu, Di & Bu, Danlu, 2024. "Sentiment and information: How ‘over-optimistic’ investors influence differences of opinion and IPO pricing?," International Review of Financial Analysis, Elsevier, vol. 95(PB).
    29. Neupane, Suman & Paudyal, Krishna & Thapa, Chandra, 2014. "Firm quality or market sentiment: What matters more for IPO investors?," Journal of Banking & Finance, Elsevier, vol. 44(C), pages 207-218.
    30. He, Jingbin & Ma, Xinru & Liao, Jingchi, 2021. "Preference for bid time in hybrid auctioned IPOs: Evidence from China," The North American Journal of Economics and Finance, Elsevier, vol. 57(C).

  13. François Derrien & François Degeorge & K. Womack, 2007. "Analyst Hype in IPOs: Explaining the Popularity of Bookbuilding," Post-Print hal-00480839, HAL.

    Cited by:

    1. Ferdinand Thies & Sören Wallbach & Michael Wessel & Markus Besler & Alexander Benlian, 2022. "Initial coin offerings and the cryptocurrency hype - the moderating role of exogenous and endogenous signals," Electronic Markets, Springer;IIM University of St. Gallen, vol. 32(3), pages 1691-1705, September.
    2. David Chambers, 2009. "Gentlemanly capitalism revisited: a case study of the underpricing of initial public offerings on the London Stock Exchange, 1946–861," Economic History Review, Economic History Society, vol. 62(s1), pages 31-56, August.
    3. Liu, Xiaoding & Ritter, Jay R., 2011. "Local underwriter oligopolies and IPO underpricing," Journal of Financial Economics, Elsevier, vol. 102(3), pages 579-601.
    4. Dario Cestau & Burton Hollifield & Dan Li & Norman Schürhoff, 2018. "Municipal Bond Markets," Swiss Finance Institute Research Paper Series 18-69, Swiss Finance Institute.
    5. Degeorge, F. & Derrien, F. & Womack, K.L., 2009. "Auctioned IPOs : The U.S. Evidence," Other publications TiSEM 6cd8cf41-8648-462e-bc6d-9, Tilburg University, School of Economics and Management.
    6. Neupane, Suman & Marshall, Andrew & Paudyal, Krishna & Thapa, Chandra, 2017. "Do investors flip less in bookbuilding than in auction IPOs?," Journal of Corporate Finance, Elsevier, vol. 47(C), pages 253-268.
    7. Guo, Yifeng & Mota, Lira, 2021. "Should information be sold separately? Evidence from MiFID II," Journal of Financial Economics, Elsevier, vol. 142(1), pages 97-126.
    8. Bekir Elmas & M.Sinan Temurlenk, 2009. "Granger Causality Between Stock Price and Trading Volume: A Stock-Based Analysis in the ISE," Istanbul Stock Exchange Review, Research and Business Development Department, Borsa Istanbul, vol. 11(43), pages 1-16.
    9. Fabio Bertoni & Matteo Bonaventura & Giancarlo Giudici, 2013. "The allotment of IPO shares: placing strategies between retail versus institutional investors," Chapters, in: Mario Levis & Silvio Vismara (ed.), Handbook of Research on IPOs, chapter 10, pages 207-218, Edward Elgar Publishing.
    10. Füllbrunn, Sascha & Neugebauer, Tibor & Nicklisch, Andreas, 2014. "Underpricing of Initial Public Offerings in Experimental Asset Markets," WiSo-HH Working Paper Series 19, University of Hamburg, Faculty of Business, Economics and Social Sciences, WISO Research Laboratory.
    11. Bertoni, Fabio & Giudici, Giancarlo, 2014. "The strategic reallocation of IPO shares," Journal of Banking & Finance, Elsevier, vol. 39(C), pages 211-222.
    12. Stefano Bonini & Olena Voloshyna, 2013. "A, B or C? Experimental Tests of IPO Mechanisms," European Financial Management, European Financial Management Association, vol. 19(2), pages 304-344, March.
    13. Nesrine Bouzouita & Jean-François Gajewski & Carole Gresse, 2015. "Liquidity Benefits from IPO Underpricing : Ownership Dispersion or Information Effect," Post-Print hal-01632510, HAL.
    14. Li, Yi & Shen, Dehua & Wang, Pengfei & Zhang, Wei, 2019. "Do analyst recommendations matter for rival companies?," International Review of Financial Analysis, Elsevier, vol. 65(C).
    15. Chen, Hsuan-Chi & Shu, Pei-Gi & Chiang, Sue-Jane, 2011. "The choice between bookbuilding and fixed-price offering: Evidence from SEOs in Taiwan," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 21(1), pages 28-48, February.
    16. Cooney, John W. & Madureira, Leonardo & Singh, Ajai K. & Yang, Ke, 2015. "Social ties and IPO outcomes," Journal of Corporate Finance, Elsevier, vol. 33(C), pages 129-146.
    17. Romain Boissin & Patrick Sentis, 2014. "Long-run performance of IPOs and the role of financial analysts: some French evidence," The European Journal of Finance, Taylor & Francis Journals, vol. 20(2), pages 125-149, February.
    18. Kevin E. Staub, 2009. "Simple tests for exogeneity of a binary explanatory variable in count data regression models," SOI - Working Papers 0904, Socioeconomic Institute - University of Zurich.
    19. Rama Seth & S. R. Vishwanatha & Durga Prasad, 2019. "Allocation to Anchor Investors, Underpricing, and the After‐Market Performance of IPOs," Financial Management, Financial Management Association International, vol. 48(1), pages 159-186, March.
    20. Halil Ýbrahim Bulut, 2009. "The Accuracy of Sales Forecasts Disclosed in the IPO Prospectuses: Evidence From Istanbul Stock Exchange," Istanbul Stock Exchange Review, Research and Business Development Department, Borsa Istanbul, vol. 11(43), pages 17-52.
    21. Nesrine Bouzouita & Jean-François Gajewski & Carole Gresse, 2015. "Liquidity Benefits from IPO Underpricing: Ownership Dispersion or Information Effect," Financial Management, Financial Management Association International, vol. 44(4), pages 785-810, October.
    22. Lehmann, Timo & Weber, Matthias, 2021. "IPO Underpricing and Aftermarket Price Accuracy: Auctions vs. Bookbuilding in Japan," SocArXiv sa385, Center for Open Science.
    23. Erkin Uzun, 2009. "Aftermarket Performances of Book Building and Fixed Price Offerings on the Istanbul stock Exchange," Istanbul Stock Exchange Review, Research and Business Development Department, Borsa Istanbul, vol. 11(43), pages 53-80.
    24. Dambra, Michael & Field, Laura Casares & Gustafson, Matthew T. & Pisciotta, Kevin, 2018. "The consequences to analyst involvement in the IPO process: Evidence surrounding the JOBS Act," Journal of Accounting and Economics, Elsevier, vol. 65(2), pages 302-330.
    25. Jagannathan, Ravi & Jirnyi, Andrei & Sherman, Ann Guenther, 2015. "Share auctions of initial public offerings: Global evidence," Journal of Financial Intermediation, Elsevier, vol. 24(3), pages 283-311.
    26. Hsuan-Chi Chen & Sheng-Ching Wu, 2015. "Who Makes the Choice on IPO Underwriting Methods? Issuers Versus Underwriters," Financial Management, Financial Management Association International, vol. 44(4), pages 753-783, October.
    27. Yao-Min Chiang & Michelle Lowry & Yiming Qian, 2019. "The Information Advantage of Underwriters in IPOs," Management Science, INFORMS, vol. 65(12), pages 5721-5740, December.
    28. Bradley, Daniel & Kim, Incheol & Krigman, Laurie, 2015. "Top VC IPO underpricing," Journal of Corporate Finance, Elsevier, vol. 31(C), pages 186-202.
    29. Trauten, Andreas & Langer, Thomas, 2007. "Information production and bidding in IPOs: An experimental analysis of auctions and fixed-price offerings," Working Papers 50, University of Münster, Competence Center Internet Economy and Hybrid Systems, European Research Center for Information Systems (ERCIS).

  14. François Derrien & Ambrus Kecskes, 2007. "The Initial Public Offerings of Listed Firms," Post-Print hal-00480837, HAL.

    Cited by:

    1. Cécile Carpentier & Jean-Marc Suret, 2009. "Investir dans des titres de petite capitalisation : le cas de la Bourse de croissance TSX," CIRANO Working Papers 2009s-07, CIRANO.
    2. Cécile Carpentier & Jean-François L'Her & Stephan Smith & Jean-Marc Suret, 2007. "Risk, Timing and Overoptimism in Private Placements and Public Offerings," CIRANO Working Papers 2007s-27, CIRANO.
    3. Gounopoulos, Dimitrios & Mazouz, Khelifa & Wood, Geoffrey, 2021. "The consequences of political donations for IPO premium and performance," Journal of Corporate Finance, Elsevier, vol. 67(C).
    4. Hafiz Hoque, 2022. "Endogenous market choice, listing regulations and IPO spread: Evidence from the London Stock Exchange," Working Papers 2022-02, Swansea University, School of Management.
    5. Cai, Kelly Nianyun & Lee, Hei Wai & Valero, Magali, 2010. "Changing underwriting practices on underpricing of U.S. global initial public offerings," Journal of Business Research, Elsevier, vol. 63(12), pages 1317-1323, December.
    6. Cécile Carpentier & Jean-François L'Her & Jean-Marc Suret, 2008. "Stock Exchange Markets for New Ventures," CIRANO Working Papers 2008s-12, CIRANO.
    7. Dorsman, André & Gounopoulos, Dimitrios, 2013. "European Sovereign Debt Crisis and the performance of Dutch IPOs," International Review of Financial Analysis, Elsevier, vol. 30(C), pages 308-319.
    8. Stavros Thomadakis & Christos Nounis & Dimitrios Gounopoulos, 2012. "Long†term Performance of Greek IPOs," European Financial Management, European Financial Management Association, vol. 18(1), pages 117-141, January.
    9. Cristea Viorela-Georgiana & Surugiu Felicia & Surugiu Ioana, 2013. "Initial public offers' importance in financing shipping companies. Case study on Scorpio Tankers Inc," Constanta Maritime University Annals, Constanta Maritime University, vol. 20(2), pages 221-224.
    10. Goodell, John W. & McGroarty, Frank & Urquhart, Andrew, 2015. "Political uncertainty and the 2012 US presidential election: A cointegration study of prediction markets, polls and a stand-out expert," International Review of Financial Analysis, Elsevier, vol. 42(C), pages 162-171.
    11. Cécile Carpentier & Jean-Marc Suret, 2009. "Entrepreneurial Equity Financing and Securities Regulation: An Empirical Analysis," CIRANO Working Papers 2009s-10, CIRANO.
    12. Kao, Lanfeng & Chen, Anlin, 2020. "How a pre-IPO audit committee improves IPO pricing efficiency in an economy with little value uncertainty and information asymmetry," Journal of Banking & Finance, Elsevier, vol. 110(C).
    13. Wolfgang Drobetz & Dimitrios Gounopoulos & Anna Merika & Andreas Merikas, 2017. "Determinants of Management Earnings Forecasts: The Case of Global Shipping IPOs," European Financial Management, European Financial Management Association, vol. 23(5), pages 975-1015, October.
    14. Blomkvist, Magnus & Korkeamäki, Timo & Takalo, Tuomas, 2022. "Learning and staged equity financing," Journal of Corporate Finance, Elsevier, vol. 74(C).
    15. Cécile Carpentier & Jean-Marc Suret, 2009. "The Survival and Success of Canadian Penny Stock IPOs," CIRANO Working Papers 2007s-28, CIRANO.
    16. Blomkvist, Magnus & Korkeamaki, Timo P. & Takalo, Tuomas, 2020. "Staged equity financing," Bank of Finland Research Discussion Papers 15/2020, Bank of Finland.
    17. Carpentier, Cécile & L'Her, Jean-François & Suret, Jean-Marc, 2010. "Stock exchange markets for new ventures," Journal of Business Venturing, Elsevier, vol. 25(4), pages 403-422, July.
    18. Philip Brown & Andrew Ferguson & Peter Lam, 2013. "Choice between alternative routes to go public: backdoor listing versus IPO," Chapters, in: Mario Levis & Silvio Vismara (ed.), Handbook of Research on IPOs, chapter 22, pages 503-530, Edward Elgar Publishing.
    19. Amaya, Diego & Brolley, Michael & Smith, Brian F., 2020. "Diamonds in the rough: The value of scouting for early-stage funding," The North American Journal of Economics and Finance, Elsevier, vol. 52(C).
    20. Cécile Carpentier & Douglas Cumming & Jean‐Marc Suret, 2012. "The Value of Capital Market Regulation: IPOs Versus Reverse Mergers," Journal of Empirical Legal Studies, John Wiley & Sons, vol. 9(1), pages 56-91, March.
    21. Hafiz Hoque & Meziane Lasfer, 2015. "Directors' Dealing and Post†IPO Performance," European Financial Management, European Financial Management Association, vol. 21(1), pages 178-204, January.
    22. Wasim Ahmad & Ranko Jelic, 2014. "Lockup Agreements and Survival of UK IPOs," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 41(5-6), pages 717-742, June.
    23. Alhadab, Mohammad & Clacher, Iain, 2018. "The impact of audit quality on real and accrual earnings management around IPOs," The British Accounting Review, Elsevier, vol. 50(4), pages 442-461.
    24. Banerjee, Suman & Dai, Lili & Shrestha, Keshab, 2011. "Cross-country IPOs: What explains differences in underpricing?," Journal of Corporate Finance, Elsevier, vol. 17(5), pages 1289-1305.
    25. Güçbilmez, Ufuk, 2014. "Why do some Chinese technology firms avoid ChiNext and go public in the US?," International Review of Financial Analysis, Elsevier, vol. 36(C), pages 179-194.

  15. François Derrien, 2005. "IPO Pricing in 'Hot' Market Conditions: Who Leaves Money on the Table?," Post-Print hal-00480827, HAL.

    Cited by:

    1. Emmanuel Boutron & Jean-François Gajewski & Carole Gresse & Florence Labégorre, 2006. "Les procédures d’introduction en Bourse en Europe : évolution des pratiques et perspectives," Revue d'Économie Financière, Programme National Persée, vol. 82(1), pages 99-115.
    2. Gao, Shenghao & Lu, Ruichang & Ni, Chenkai, 2019. "Institutional investors’ cognitive constraints during initial public offerings," Journal of Banking & Finance, Elsevier, vol. 108(C).
    3. Alvarez, Susana & Arrondo, Rubén, 2010. "The influence of the underwriting syndicate on the valuation of Spanish initial public offerings," Global Finance Journal, Elsevier, vol. 21(3), pages 223-238.
    4. Agoraki, Maria-Eleni K. & Gounopoulos, Dimitrios & Kouretas, Georgios P., 2022. "U.S. banks’ IPOs and political money contributions," Journal of Financial Stability, Elsevier, vol. 63(C).
    5. Mazumder, Sharif & Saha, Pritam, 2021. "COVID-19: Fear of pandemic and short-term IPO performance," Finance Research Letters, Elsevier, vol. 43(C).
    6. Banerjee, Shantanu & Güçbilmez, Ufuk & Pawlina, Grzegorz, 2016. "Leaders and followers in hot IPO markets," Journal of Corporate Finance, Elsevier, vol. 37(C), pages 309-334.
    7. Edwards, Amy K. & Hanley, Kathleen Weiss, 2010. "Short selling in initial public offerings," Journal of Financial Economics, Elsevier, vol. 98(1), pages 21-39, October.
    8. Xin Chang & Shi Hua Lin & Lewis H. K. Tam & George Wong, 2010. "Cross‐sectional determinants of post‐IPO stock performance: evidence from China," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 50(3), pages 581-603, September.
    9. Natalia Matanova & Tanja Steigner & Bingsheng Yi & Qiancheng Zheng, 2019. "Going concern opinions and IPO pricing accuracy," Review of Quantitative Finance and Accounting, Springer, vol. 53(1), pages 195-238, July.
    10. Sherman, Ann E., 2005. "Global trends in IPO methods: Book building versus auctions with endogenous entry," Journal of Financial Economics, Elsevier, vol. 78(3), pages 615-649, December.
    11. Chan, Yue-Cheong, 2014. "How does retail sentiment affect IPO returns? Evidence from the internet bubble period," International Review of Economics & Finance, Elsevier, vol. 29(C), pages 235-248.
    12. Bakke, Einar & Leite, Tore E. & Thorburn, Karin S., 2017. "Partial adjustment to public information in the pricing of IPOs," Journal of Financial Intermediation, Elsevier, vol. 32(C), pages 60-75.
    13. Vakrman, Tomas & Kristoufek, Ladislav, 2015. "Underpricing, underperformance and overreaction in initial pubic offerings: Evidence from investor attention using online searches," FinMaP-Working Papers 35, Collaborative EU Project FinMaP - Financial Distortions and Macroeconomic Performance: Expectations, Constraints and Interaction of Agents.
    14. Michael O'Connor Keefe & David Gallagher, 2014. "Does the effect of revealed private information on initial public offering (IPO) first trading day return differ by IPO market heat?," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 54(3), pages 921-964, September.
    15. Wilson H. S. Tong & Michael B. T. Wong, 2020. "Does reputation of sponsors matter in IPO? Evidence from Hong Kong," Frontiers of Business Research in China, Springer, vol. 14(1), pages 1-24, December.
    16. Stefano Ugolini, 2019. "The Coevolution of Banks and Corporate Securities Markets: The Financing of Belgium's Industrial Take-Off in the 1830s," Papers 1906.11023, arXiv.org.
    17. Kooli, Maher & Zhou, Xiaozhou, 2020. "IPO flipping activity in China and its implications," Pacific-Basin Finance Journal, Elsevier, vol. 61(C).
    18. Huang, Yong & Yan, Chao & Chan, Kam C., 2021. "Does aggressiveness help? Evidence from IPO corruption and pricing in China," Journal of Corporate Finance, Elsevier, vol. 67(C).
    19. Dorsaf Ben Aissia, 2017. "The mispricing of equity risk: behavioral and corporate leverage factors," Journal of Asset Management, Palgrave Macmillan, vol. 18(6), pages 421-432, October.
    20. Tsukioka, Yasutomo & Yanagi, Junya & Takada, Teruko, 2018. "Investor sentiment extracted from internet stock message boards and IPO puzzles," International Review of Economics & Finance, Elsevier, vol. 56(C), pages 205-217.
    21. Fu, Xudong & Lian, Qin & Tang, Tian & Wang, Qiming, 2015. "An empirical study of executive option grants around initial public offerings," The Quarterly Review of Economics and Finance, Elsevier, vol. 57(C), pages 207-221.
    22. Colak, Gonul & Fu, Mengchuan & Hasan, Iftekhar, 2020. "Why are some Chinese firms failing in the US capital markets? A machine learning approach," Pacific-Basin Finance Journal, Elsevier, vol. 61(C).
    23. Ewa Sletten & Yonca Ertimur & Jayanthi Sunder & Joseph Weber, 2018. "When and why do IPO firms manage earnings?," Review of Accounting Studies, Springer, vol. 23(3), pages 872-906, September.
    24. Gao, Yan, 2010. "What comprises IPO initial returns: Evidence from the Chinese market," Pacific-Basin Finance Journal, Elsevier, vol. 18(1), pages 77-89, January.
    25. Stefano Paleari & Andrea Signori & Silvio Vismara, 2014. "How Do Underwriters Select Peers When Valuing IPOs?," Financial Management, Financial Management Association International, vol. 43(4), pages 731-755, December.
    26. Degeorge, F. & Derrien, F. & Womack, K.L., 2009. "Auctioned IPOs : The U.S. Evidence," Other publications TiSEM 6cd8cf41-8648-462e-bc6d-9, Tilburg University, School of Economics and Management.
    27. Saade, Samer, 2015. "Investor sentiment and the underperformance of technology firms initial public offerings," Research in International Business and Finance, Elsevier, vol. 34(C), pages 205-232.
    28. Richard A. Bettis & Constance E. Helfat & J. Myles Shaver & U. David Park & Abhishek Borah & Suresh Kotha, 2016. "Signaling revisited: The use of signals in the market for IPOs," Strategic Management Journal, Wiley Blackwell, vol. 37(11), pages 2362-2377, November.
    29. Neupane, Suman & Poshakwale, Sunil S., 2012. "Transparency in IPO mechanism: Retail investors’ participation, IPO pricing and returns," Journal of Banking & Finance, Elsevier, vol. 36(7), pages 2064-2076.
    30. T. Clifton Green & Byoung-Hyoun Hwang, 2012. "Initial Public Offerings as Lotteries: Skewness Preference and First-Day Returns," Management Science, INFORMS, vol. 58(2), pages 432-444, February.
    31. Grammenos, Costas Th. & Papapostolou, Nikos C., 2012. "US shipping initial public offerings: Do prospectus and market information matter?," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 48(1), pages 276-295.
    32. Dambra, Michael & Gustafson, Matthew T. & Pisciotta, Kevin, 2021. "What is the effect of an additional dollar of IPO proceeds?," Journal of Corporate Finance, Elsevier, vol. 66(C).
    33. Agathee, Ushad Subadar & Sannassee, Raja Vinesh & Brooks, Chris, 2012. "The underpricing of IPOs on the Stock Exchange of Mauritius," Research in International Business and Finance, Elsevier, vol. 26(2), pages 281-303.
    34. Ranganathan, Kavitha & Saraogi, Aayush, 2021. "What explains voluntary premarket underpricing and aftermarket mispricing in Indian IPOs?," Journal of Behavioral and Experimental Finance, Elsevier, vol. 32(C).
    35. Huang, Hsin-Yi & Chiang, Min-Hsien & Lin, Jia-Hui & Lin, Yun, 2017. "Fixed-price, auction, and bookbuilding IPOs: Empirical evidence in Taiwan," Finance Research Letters, Elsevier, vol. 22(C), pages 11-19.
    36. Duong, Huu Nhan & Goyal, Abhinav & Kallinterakis, Vasileios & Veeraraghavan, Madhu, 2021. "Market manipulation rules and IPO underpricing," Journal of Corporate Finance, Elsevier, vol. 67(C).
    37. Neupane, Suman & Thapa, Chandra & Vithanage, Kulunu, 2023. "Context‐specific experience and institutional investors’ performance," Journal of Banking & Finance, Elsevier, vol. 149(C).
    38. Carter, Richard B. & Dark, Frederick H. & Sapp, Travis R.A., 2010. "Underwriter reputation and IPO issuer alignment 1981-2005," The Quarterly Review of Economics and Finance, Elsevier, vol. 50(4), pages 443-455, November.
    39. Que, Jiangjing & Zhang, Xueyong, 2021. "Money chasing hot industries? Investor attention and valuation of venture capital backed firms," Journal of Corporate Finance, Elsevier, vol. 68(C).
    40. Greene, Daniel, 2016. "The wealth of private firm owners following reverse mergers," Journal of Corporate Finance, Elsevier, vol. 37(C), pages 56-75.
    41. Gao, Shenghao & Meng, Qingbin & Chan, Kam C., 2016. "IPO pricing: Do institutional and retail investor sentiments differ?," Economics Letters, Elsevier, vol. 148(C), pages 115-117.
    42. Dorsman, André & Gounopoulos, Dimitrios, 2013. "European Sovereign Debt Crisis and the performance of Dutch IPOs," International Review of Financial Analysis, Elsevier, vol. 30(C), pages 308-319.
    43. Muhammad Zubair Mumtaz & Zachary Alexander Smith, 2018. "IPOs in the U.S. from 2005 to 2015: Using the Spline Regression Technique to Estimate Aggregate Issuance and Performance," Czech Journal of Economics and Finance (Finance a uver), Charles University Prague, Faculty of Social Sciences, vol. 68(2), pages 165-199, April.
    44. Peng, Xuan & Wang, Xiongyuan & Chan, Kam C., 2020. "Does supplier stability matter in initial public offering pricing?," International Journal of Production Economics, Elsevier, vol. 225(C).
    45. Jean-Sébastien Michel, 2013. "VC investment timing and IPO pricing," Chapters, in: Mario Levis & Silvio Vismara (ed.), Handbook of Research on IPOs, chapter 11, pages 219-236, Edward Elgar Publishing.
    46. Liu, Jianlei & Uchida, Konari & Gao, Ruidong, 2012. "Political connections and the long-term stock performance of Chinese IPOs," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 22(4), pages 814-833.
    47. Stefano Ugolini, 2010. "Universal Banking and the Development of Secondary Corporate Debt Markets: Lessons from 1830s Belgium," Working Paper 2010/21, Norges Bank.
    48. Hao, Qing, 2007. "Laddering in initial public offerings," Journal of Financial Economics, Elsevier, vol. 85(1), pages 102-122, July.
    49. Kenji Kutsuna & Janet Kiholm Smith & Richard L. Smith, 2009. "Public Information, IPO Price Formation, and Long‐Run Returns: Japanese Evidence," Journal of Finance, American Finance Association, vol. 64(1), pages 505-546, February.
    50. Gullapalli, Rachita & Knyazeva, Anzhela, 2020. "Foreign issuers in emerging growth company IPOs," Journal of Multinational Financial Management, Elsevier, vol. 54(C).
    51. Roosenboom, Peter, 2012. "Valuing and pricing IPOs," Journal of Banking & Finance, Elsevier, vol. 36(6), pages 1653-1664.
    52. Ge, Yuanjing & Guo, Haifeng & Fung, Hung-Gay & Guang, Kuncheng, 2019. "CEO effects on the IPO market under different policy regimes: Evidence from the Chinese SME board," International Review of Economics & Finance, Elsevier, vol. 63(C), pages 163-175.
    53. Xinyu Wang & Cathy Ning, 2022. "A new Markov regime‐switching count time series approach for forecasting initial public offering volumes and detecting issue cycles," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 41(1), pages 118-133, January.
    54. Geertsema, Paul & Lu, Helen, 2019. "Regulated price and Demand in China’s IPO market," Journal of Economics and Business, Elsevier, vol. 106(C).
    55. Liu, Lewis & Neupane, Suman & Zhang, Lei, 2022. "Firm location effect on underwriting, subscription, and underpricing: Evidence from IPOs in China," Economic Modelling, Elsevier, vol. 108(C).
    56. Bhardwaj, Arti & Imam, Shahed, 2019. "The tone and readability of the media during the financial crisis: Evidence from pre-IPO media coverage," International Review of Financial Analysis, Elsevier, vol. 63(C), pages 40-48.
    57. Leite, Tore, 2005. "Returns to sentiment investors in IPOs," Economics Letters, Elsevier, vol. 89(2), pages 222-226, November.
    58. Butler, Alexander W. & Keefe, Michael O'Connor & Kieschnick, Robert, 2014. "Robust determinants of IPO underpricing and their implications for IPO research," Journal of Corporate Finance, Elsevier, vol. 27(C), pages 367-383.
    59. Chenjun Fang & Ning Zhu, 2019. "Name complexity, cognitive fluency, and asset prices," Review of Financial Economics, John Wiley & Sons, vol. 37(1), pages 168-196, January.
    60. Adam Stivers, 2015. "Forecasting Returns with Fundamentals-Removed Investor Sentiment," IJFS, MDPI, vol. 3(3), pages 1-23, July.
    61. Shen, Zhe & Coakley, Jerry & Instefjord, Norvald, 2013. "Investor participation and underpricing in lottery-allocated Chinese IPOs," Pacific-Basin Finance Journal, Elsevier, vol. 25(C), pages 294-314.
    62. Clarke, Jonathan & Khurshed, Arif & Pande, Alok & Singh, Ajai K., 2016. "Sentiment traders & IPO initial returns: The Indian evidence," Journal of Corporate Finance, Elsevier, vol. 37(C), pages 24-37.
    63. Simon Yu Kit Fung & Ferdinand A. Gul & Suresh Radhakrishnan, 2014. "Investment Banks' Entry into New IPO Markets and IPO Underpricing," Management Science, INFORMS, vol. 60(5), pages 1297-1316, May.
    64. Wang, Zhiqiang & Su, Bingbai & Coakley, Jerry & Shen, Zhe, 2018. "Prospect theory and IPO returns in China," Journal of Corporate Finance, Elsevier, vol. 48(C), pages 726-751.
    65. Guo, Haifeng & Brooks, Robert & Shami, Roland, 2010. "Detecting hot and cold cycles using a Markov regime switching model--Evidence from the Chinese A-share IPO market," International Review of Economics & Finance, Elsevier, vol. 19(2), pages 196-210, April.
    66. Aissia, Dorsaf Ben, 2014. "IPO first-day returns: Skewness preference, investor sentiment and uncertainty underlying factors," Review of Financial Economics, Elsevier, vol. 23(3), pages 148-154.
    67. Dimitrios Gounopoulos & Georgios Loukopoulos & Panagiotis Loukopoulos, 2021. "CEO education and the ability to raise capital," Corporate Governance: An International Review, Wiley Blackwell, vol. 29(1), pages 67-99, January.
    68. Moran, Pablo & Pandes, J. Ari, 2019. "Elite law firms in the IPO market," Journal of Banking & Finance, Elsevier, vol. 107(C), pages 1-1.
    69. Neupane, Suman & Thapa, Chandra, 2013. "Underwriter reputation and the underwriter–investor relationship in IPO markets," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 24(C), pages 105-126.
    70. Paul P Momtaz, 2020. "Initial Coin Offerings," PLOS ONE, Public Library of Science, vol. 15(5), pages 1-30, May.
    71. Khurshed, Arif & Paleari, Stefano & Pande, Alok & Vismara, Silvio, 2014. "Transparent bookbuilding, certification and initial public offerings," Journal of Financial Markets, Elsevier, vol. 19(C), pages 154-169.
    72. Tsai-Yin Lin & Jerry Yu & Chia-Yi Lin, 2021. "IPO’s Long-Run Performance: Hot Market versus Earnings Management," JRFM, MDPI, vol. 14(3), pages 1-16, March.
    73. Hugh M. J. Colaco & Amedeo De Cesari & Shantaram P. Hegde, 2017. "Retail Investor Attention and IPO Valuation," European Financial Management, European Financial Management Association, vol. 23(4), pages 691-727, September.
    74. Emmanuelle Dubocage & Valérie Revest, 2010. "Une analyse conventionnaliste du prix d’offre des start-up sur le Nouveau Marché français," Revue d'Économie Financière, Programme National Persée, vol. 96(1), pages 215-231.
    75. Ni, Yensen & Huang, Paoyu, 2015. "Do IPOs matter for price limits? Evidence from Taiwan," The Quarterly Review of Economics and Finance, Elsevier, vol. 58(C), pages 74-83.
    76. Jiang, Li & Li, Gao, 2013. "Investor sentiment and IPO pricing during pre-market and aftermarket periods: Evidence from Hong Kong," Pacific-Basin Finance Journal, Elsevier, vol. 23(C), pages 65-82.
    77. Mike Siew Wei Leong & Sheela Devi Sundarasen, 2015. "Ipo Initial Returns And Volatility: A Study In An Emerging Market," The International Journal of Business and Finance Research, The Institute for Business and Finance Research, vol. 9(3), pages 71-82.
    78. Andrikopoulos, Andreas, 2015. "Truth and financial economics: A review and assessment," International Review of Financial Analysis, Elsevier, vol. 39(C), pages 186-195.
    79. Minhas Akbar & Ahsan Akbar & Muhammad Azeem Qureshi & Petra Poulova, 2021. "Sentiments–Risk Relationship across the Corporate Life Cycle: Evidence from an Emerging Market," Economies, MDPI, vol. 9(3), pages 1-17, August.
    80. C.P. Gupta & Sneha Suri, 2017. "Valuation and Pricing of Indian IPOs," Vision, , vol. 21(4), pages 375-384, December.
    81. Gajewski, Jean-François & Gresse, Carole, 2006. "A Survey of the European IPO Market," ECMI Papers 1207, Centre for European Policy Studies.
    82. Valérie Revest & Alessandro Sapio, 2012. "Financing technology-based small firms in Europe: what do we know?," Small Business Economics, Springer, vol. 39(1), pages 179-205, July.
    83. Vithessonthi, Chaiporn, 2014. "What explains the initial return of initial public offerings after the 1997 Asian financial crisis? Evidence from Thailand," Journal of Multinational Financial Management, Elsevier, vol. 27(C), pages 89-113.
    84. Yong, Othman, 2007. "A review of IPO research in Asia: What's next?," Pacific-Basin Finance Journal, Elsevier, vol. 15(3), pages 253-275, June.
    85. Robert F. Bruner & Scott C. Miller, 2019. "The Great Crash of 1929: A Look Back After 90 Years," Journal of Applied Corporate Finance, Morgan Stanley, vol. 31(4), pages 43-58, December.
    86. William R. Sodjahin & Marie-Claude Beaulieu, 2013. "The impact of firm-specific information during the registration period on initial public offering pricing," Applied Financial Economics, Taylor & Francis Journals, vol. 23(13), pages 1083-1096, July.
    87. Fjesme, Sturla Lyngnes & Lv, Jin Roc & Shekhar, Chander, 2023. "The world cup in football and the US IPO market," Journal of Corporate Finance, Elsevier, vol. 80(C).
    88. Jean–Sébastien Michel, 2014. "Return on Recent VC Investment and Long–Run IPO Returns," Entrepreneurship Theory and Practice, , vol. 38(3), pages 527-549, May.
    89. Çolak, Gönül & Günay, Hikmet, 2011. "Strategic waiting in the IPO markets," Journal of Corporate Finance, Elsevier, vol. 17(3), pages 555-583, June.
    90. Beneda, Nancy & Zhang, Yilei, 2009. "Heterogeneous relationship between IPO return and risk across idiosyncratic variance characteristics," The Quarterly Review of Economics and Finance, Elsevier, vol. 49(4), pages 1298-1316, November.
    91. Feng, Xunan & Johansson, Anders C. & Wei, Dengxi, 2023. "Judging a book by its cover: Analysts and attention-driven price patterns in China's IPO market," Pacific-Basin Finance Journal, Elsevier, vol. 78(C).
    92. Chen, Yangyang & Goyal, Abhinav & Veeraraghavan, Madhu & Zolotoy, Leon, 2020. "Terrorist attacks, investor sentiment, and the pricing of initial public offerings," Journal of Corporate Finance, Elsevier, vol. 65(C).
    93. Cook, Douglas O. & Kieschnick, Robert & Van Ness, Robert A., 2006. "On the marketing of IPOs," Journal of Financial Economics, Elsevier, vol. 82(1), pages 35-61, October.
    94. Marcato, Gianluca & Milcheva, Stanimira & Zheng, Chen, 2018. "Market integration, country institutions and IPO underpricing," Journal of Corporate Finance, Elsevier, vol. 53(C), pages 87-105.
    95. Chang, Young Bong & Kwon, YoungOk, 2020. "Attention-grabbing IPOs in early stages for IT firms: An empirical analysis of post-IPO performance," Journal of Business Research, Elsevier, vol. 109(C), pages 111-119.
    96. Dorsaf Ben Aissia, 2014. "IPO first‐day returns: Skewness preference, investor sentiment and uncertainty underlying factors," Review of Financial Economics, John Wiley & Sons, vol. 23(3), pages 148-154, September.
    97. Wu, Shuai, 2023. "Impact of serial entrepreneurs on IPO valuation: Evidence from U.S. IPOs," The North American Journal of Economics and Finance, Elsevier, vol. 64(C).
    98. Ikeda, Naoshi, 2023. "Optimism, divergence of investors’ opinions, and the long-run underperformance of IPOs," Journal of Financial Markets, Elsevier, vol. 64(C).
    99. Jeon, Jin Q. & Lee, Cheolwoo & Nasser, Tareque & Via, M. Tony, 2015. "Multiple lead underwriter IPOs and firm visibility," Journal of Corporate Finance, Elsevier, vol. 32(C), pages 128-149.
    100. Gao, Lin & Süss, Stephan, 2015. "Market sentiment in commodity futures returns," Journal of Empirical Finance, Elsevier, vol. 33(C), pages 84-103.
    101. Dambra, Michael & Field, Laura Casares & Gustafson, Matthew T. & Pisciotta, Kevin, 2018. "The consequences to analyst involvement in the IPO process: Evidence surrounding the JOBS Act," Journal of Accounting and Economics, Elsevier, vol. 65(2), pages 302-330.
    102. Kaustia, Markku & Knüpfer, Samuli, 2012. "Peer performance and stock market entry," Journal of Financial Economics, Elsevier, vol. 104(2), pages 321-338.
    103. Dorsaf Ben Aissia & Narjess Skhiri Hellara, 2019. "Systematic risk, the tradeoff of leverage and IPO first-day returns," Review of Quantitative Finance and Accounting, Springer, vol. 53(1), pages 239-256, July.
    104. Vithanage, Kulunu & Neupane, Suman & Chung, Richard, 2016. "Multiple lead underwriting syndicate and IPO pricing," International Review of Financial Analysis, Elsevier, vol. 48(C), pages 193-208.
    105. Alimov, Azizjon & Mikkelson, Wayne, 2012. "Does favorable investor sentiment lead to costly decisions to go public?," Journal of Corporate Finance, Elsevier, vol. 18(3), pages 519-540.
    106. Jerry Coakley & Leon Hadass & Andrew Wood, 2008. "Hot IPOs can damage your long-run wealth!," Applied Financial Economics, Taylor & Francis Journals, vol. 18(14), pages 1111-1120.
    107. Wei Tang & Tianhao Wu & Liheng Xu, 2017. "Skewness Preference and IPO Anomalies in China," Annals of Economics and Finance, Society for AEF, vol. 18(1), pages 173-199, May.
    108. Kerins, Frank & Kutsuna, Kenji & Smith, Richard, 2007. "Why are IPOs underpriced? Evidence from Japan's hybrid auction-method offerings," Journal of Financial Economics, Elsevier, vol. 85(3), pages 637-666, September.
    109. Alanazi, Ahmed S. & Al-Zoubi, Haitham A., 2015. "Extreme IPO underpricing and the legal environment in wealthy emerging economies," Journal of Multinational Financial Management, Elsevier, vol. 31(C), pages 83-103.
    110. Aissia, Dorsaf Ben, 2016. "Home and foreign investor sentiment and the stock returns," The Quarterly Review of Economics and Finance, Elsevier, vol. 59(C), pages 71-77.
    111. Peng, Xuan & Wang, Xiongyuan & Chan, Kam C., 2019. "Does customer concentration disclosure affect IPO pricing?," Finance Research Letters, Elsevier, vol. 28(C), pages 363-369.
    112. Lin Yuan & Xiaolin Qian & Nitin Pangarkar, 2016. "Market Timing and Internationalization Decisions: A Contingency Perspective," Journal of Management Studies, Wiley Blackwell, vol. 53(4), pages 497-519, June.
    113. Yao, Jing & Zheng, Zexin, 2021. "Costly arbitrage and skewness pricing: Evidence from first-day price limit reform in China," Pacific-Basin Finance Journal, Elsevier, vol. 67(C).
    114. Yao-Min Chiang & Michelle Lowry & Yiming Qian, 2019. "The Information Advantage of Underwriters in IPOs," Management Science, INFORMS, vol. 65(12), pages 5721-5740, December.
    115. Hsu, Yenshan & Shiu, Cheng-Yi, 2010. "The overconfidence of investors in the primary market," Pacific-Basin Finance Journal, Elsevier, vol. 18(2), pages 217-239, April.
    116. Bhattacharya, Arnab, 2017. "Innovations in new venture financing: Evidence from Indian SME IPOs," Global Finance Journal, Elsevier, vol. 34(C), pages 72-88.
    117. Güçbilmez, Ufuk, 2015. "IPO waves in China and Hong Kong," International Review of Financial Analysis, Elsevier, vol. 40(C), pages 14-26.
    118. Anup Agrawal & Tommy Cooper, 2010. "Accounting Scandals in IPO Firms: Do Underwriters and VCs Help?," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 19(4), pages 1117-1181, December.
    119. Neupane, Suman & Paudyal, Krishna & Thapa, Chandra, 2014. "Firm quality or market sentiment: What matters more for IPO investors?," Journal of Banking & Finance, Elsevier, vol. 44(C), pages 207-218.
    120. William Q. Judge & Michael A. Witt & Alessandro Zattoni & Till Talaulicar & Jean Jinghan Chen & Krista Lewellyn & Helen Wei Hu & Dhirendra Shukla & R. Greg Bell (Robert) & Jonas Gabrielsson & Felix Lo, 2015. "Corporate governance and IPO underpricing in a cross-national sample: A multilevel knowledge-based view," Strategic Management Journal, Wiley Blackwell, vol. 36(8), pages 1174-1185, August.
    121. Emmanuel Boutron & Jean-François Gajewski & Carole Gresse & Florence Labégorre, 2006. "IPO procedures in Europe : the development of practices and perspectives," Revue d'Économie Financière, Programme National Persée, vol. 82(1), pages 89-105.
    122. Bakke, Einar & Leite, Tore E. & Thorburn, Karin S., 2010. "Public information and IPO underpricing," Discussion Papers 2010/6, Norwegian School of Economics, Department of Business and Management Science.
    123. He, Jingbin & Ma, Xinru & Liao, Jingchi, 2021. "Preference for bid time in hybrid auctioned IPOs: Evidence from China," The North American Journal of Economics and Finance, Elsevier, vol. 57(C).
    124. Adam Zaremba & Radoslaw Zmudzinski, 2014. "IPO Initial Underpricing Anomaly: the Election Gimmick Hypothesis," Copernican Journal of Finance & Accounting, Uniwersytet Mikolaja Kopernika, vol. 3(2), pages 167-181.
    125. Klein, Peter G. & Wuebker, Robert & Zoeller, Kathrin, 2016. "Relationship banking and conflicts of interest: Evidence from German initial public offerings," Journal of Corporate Finance, Elsevier, vol. 39(C), pages 210-221.
    126. Jiwoo Kim & Sanghun Shin & Hee Soo Lee & Kyong Joo Oh, 2019. "A Machine Learning Portfolio Allocation System for IPOs in Korean Markets Using GA-Rough Set Theory," Sustainability, MDPI, vol. 11(23), pages 1-15, November.
    127. Salim Chahine & Gonul Colak & Iftekhar Hasan & Mohamad Mazboudi, 2020. "Investor relations and IPO performance," Review of Accounting Studies, Springer, vol. 25(2), pages 474-512, June.
    128. Yang, Mingjing & Cheng, Xiaoke & Chan, Kam C. & Gao, Shenghao, 2018. "Information cost or heterogeneous beliefs? An examination of the impact of value uncertainty on auction-style SEO discounts in China," International Review of Economics & Finance, Elsevier, vol. 54(C), pages 206-217.
    129. Lin, Ji-Chai & Lee, Yi-Tsung & Liu, Yu-Jane, 2007. "IPO auctions and private information," Journal of Banking & Finance, Elsevier, vol. 31(5), pages 1483-1500, May.

  16. Degeorge, François & Derrien, Francois & Womack, Kent L, 2004. "Quid Pro Quo in IPOs: Why Book-Building is Dominating Auctions," CEPR Discussion Papers 4462, C.E.P.R. Discussion Papers.

    Cited by:

    1. Emmanuel Boutron & Jean-François Gajewski & Carole Gresse & Florence Labégorre, 2006. "Les procédures d’introduction en Bourse en Europe : évolution des pratiques et perspectives," Revue d'Économie Financière, Programme National Persée, vol. 82(1), pages 99-115.
    2. Bekir Elmas & M.Sinan Temurlenk, 2009. "Granger Causality Between Stock Price and Trading Volume: A Stock-Based Analysis in the ISE," Istanbul Stock Exchange Review, Research and Business Development Department, Borsa Istanbul, vol. 11(43), pages 1-16.
    3. Halil Ýbrahim Bulut, 2009. "The Accuracy of Sales Forecasts Disclosed in the IPO Prospectuses: Evidence From Istanbul Stock Exchange," Istanbul Stock Exchange Review, Research and Business Development Department, Borsa Istanbul, vol. 11(43), pages 17-52.
    4. Cook, Douglas O. & Kieschnick, Robert & Van Ness, Robert A., 2006. "On the marketing of IPOs," Journal of Financial Economics, Elsevier, vol. 82(1), pages 35-61, October.
    5. Erkin Uzun, 2009. "Aftermarket Performances of Book Building and Fixed Price Offerings on the Istanbul stock Exchange," Istanbul Stock Exchange Review, Research and Business Development Department, Borsa Istanbul, vol. 11(43), pages 53-80.
    6. Emmanuel Boutron & Jean-François Gajewski & Carole Gresse & Florence Labégorre, 2006. "IPO procedures in Europe : the development of practices and perspectives," Revue d'Économie Financière, Programme National Persée, vol. 82(1), pages 89-105.
    7. Guray Kucukkocaoglu & Ozge Sezgin Alp, 2012. "IPO mechanism selection by using Classification and Regression Trees," Quality & Quantity: International Journal of Methodology, Springer, vol. 46(3), pages 873-888, April.

  17. François Derrien & Kent L. Womack, 2003. "Auctions vs. Book-building and the Control of Underpricing in Hot IPO Markets," Post-Print hal-00480242, HAL.

    Cited by:

    1. Antonio Acconcia & Alfredo Del Monte & Luca Pennacchio & Germana Scepi, 2011. "IPO Underpricing and the Location of Firms," CSEF Working Papers 295, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy, revised 04 Feb 2021.
    2. Fred E. Huibers, 2020. "Towards an Optimal IPO Mechanism," JRFM, MDPI, vol. 13(6), pages 1-14, June.
    3. Pi-Hui Chung, 2020. "How Does Partner Selection Affect IPO Performance?," Advances in Management and Applied Economics, SCIENPRESS Ltd, vol. 10(4), pages 1-5.
    4. C. Hopp & A. Dreher, 2013. "Do differences in institutional and legal environments explain cross-country variations in IPO underpricing?," Applied Economics, Taylor & Francis Journals, vol. 45(4), pages 435-454, February.
    5. Yu, Ting & Tse, Y.K., 2006. "An empirical examination of IPO underpricing in the Chinese A-share market," China Economic Review, Elsevier, vol. 17(4), pages 363-382.
    6. Agoraki, Maria-Eleni K. & Gounopoulos, Dimitrios & Kouretas, Georgios P., 2022. "U.S. banks’ IPOs and political money contributions," Journal of Financial Stability, Elsevier, vol. 63(C).
    7. Moez Bennouri & Sonia Falconieri, 2005. "Optimal Rationing in IPOs with Risk Averse Institutional Investors," Rivista di Politica Economica, SIPI Spa, vol. 95(4), pages 3-29, July-Augu.
    8. Degeorge, François & Derrien, Francois & Womack, Kent L, 2004. "Quid Pro Quo in IPOs: Why Book-Building is Dominating Auctions," CEPR Discussion Papers 4462, C.E.P.R. Discussion Papers.
    9. Sherman, Ann E., 2005. "Global trends in IPO methods: Book building versus auctions with endogenous entry," Journal of Financial Economics, Elsevier, vol. 78(3), pages 615-649, December.
    10. Bakke, Einar & Leite, Tore E. & Thorburn, Karin S., 2017. "Partial adjustment to public information in the pricing of IPOs," Journal of Financial Intermediation, Elsevier, vol. 32(C), pages 60-75.
    11. Chen Su, 2018. "The efficiency of IPO issuing mechanisms and market conditions: evidence in China," Review of Quantitative Finance and Accounting, Springer, vol. 51(2), pages 461-495, August.
    12. Wilson H. S. Tong & Michael B. T. Wong, 2020. "Does reputation of sponsors matter in IPO? Evidence from Hong Kong," Frontiers of Business Research in China, Springer, vol. 14(1), pages 1-24, December.
    13. Bai, Xiaoou & Tsang, Eric W.K. & Xia, Wei, 2020. "Domestic versus foreign listing: Does a CEO's educational experience matter?," Journal of Business Venturing, Elsevier, vol. 35(1).
    14. Su, Chen & Brookfield, David, 2013. "An evaluation of the impact of stock market reforms on IPO under-pricing in China: The certification role of underwriters," International Review of Financial Analysis, Elsevier, vol. 28(C), pages 20-33.
    15. Leite, Tore, 2007. "Adverse selection, public information, and underpricing in IPOs," Journal of Corporate Finance, Elsevier, vol. 13(5), pages 813-828, December.
    16. Su, Chen & Bangassa, Kenbata, 2011. "The impact of underwriter reputation on initial returns and long-run performance of Chinese IPOs," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 21(5), pages 760-791.
    17. David Chambers, 2009. "Gentlemanly capitalism revisited: a case study of the underpricing of initial public offerings on the London Stock Exchange, 1946–861," Economic History Review, Economic History Society, vol. 62(s1), pages 31-56, August.
    18. Goergen, M. & Khurshed, A. & Renneboog, L.D.R., 2006. "Why are the French so Different from the Germans? Underpricing of IPOs on the Euro New Markets," Discussion Paper 2006-24, Tilburg University, Center for Economic Research.
    19. Jen-Sin Lee & Yue Li & Xin Hu & Qi-An Lu, 2017. "The Relation between Initial Returns and Audits by the Big Four Accounting Firms," Applied Economics and Finance, Redfame publishing, vol. 4(4), pages 44-58, July.
    20. Bourjade, Sylvain, 2002. "Diversification of Investor's Expertise in IPOs," MPRA Paper 7259, University Library of Munich, Germany, revised Dec 2007.
    21. Katti, Supriya & Lawrence, Edward R. & Raithatha, Mehul, 2023. "Risk disclosure in IPO advertisement and the quality of the firm," Journal of Financial Markets, Elsevier, vol. 64(C).
    22. Chen Zheng & David Ling & Gianluca Marcato, 2018. "Do Property Locations Matter to IPO Valuation? Evidence from U.S. REITs," ERES eres2018_299, European Real Estate Society (ERES).
    23. Jaclyn Beierlein & Hideaki Kiyoshi Kato, 2003. "Do Uniform Price Auctions Trade‐off Higher Risk for Higher Return?," International Review of Finance, International Review of Finance Ltd., vol. 4(1‐2), pages 1-27, March.
    24. Degeorge, F. & Derrien, F. & Womack, K.L., 2009. "Auctioned IPOs : The U.S. Evidence," Other publications TiSEM 6cd8cf41-8648-462e-bc6d-9, Tilburg University, School of Economics and Management.
    25. Low, Soo-Wah & Yong, Othman, 2011. "Explaining over-subscription in fixed-price IPOs -- Evidence from the Malaysian stock market," Emerging Markets Review, Elsevier, vol. 12(3), pages 205-216, September.
    26. Al-Hassan, Abdullah & Delgado, Fernando & Omran, Mohammed, 2010. "The under-pricing of IPOs in the Gulf cooperation council countries," Research in International Business and Finance, Elsevier, vol. 24(3), pages 344-360, September.
    27. Akron, Sagi & Samdani, Taufique, 2017. "Investor protection and institutional investors’ incentive for information production," Journal of Financial Stability, Elsevier, vol. 30(C), pages 1-15.
    28. Bubna, Amit & Prabhala, Nagpurnanand R., 2011. "IPOs with and without allocation discretion: Empirical evidence," Journal of Financial Intermediation, Elsevier, vol. 20(4), pages 530-561, October.
    29. Huang, Hsin-Yi & Chiang, Min-Hsien & Lin, Jia-Hui & Lin, Yun, 2017. "Fixed-price, auction, and bookbuilding IPOs: Empirical evidence in Taiwan," Finance Research Letters, Elsevier, vol. 22(C), pages 11-19.
    30. Ma, Shiguang & Faff, Robert, 2007. "Market conditions and the optimal IPO allocation mechanism in China," Pacific-Basin Finance Journal, Elsevier, vol. 15(2), pages 121-139, April.
    31. David Chambers, 2006. "Gentlemanly capitalism revisited: a case study of the underpricing of Initial Public Offerings on the London Stock Exchange, 1946-86," Working Papers 6016, Economic History Society.
    32. Shiguang Ma, 2007. "Information asymmetry and valuation uncertainty, the determination of China's IPO allocation procedures," Applied Financial Economics, Taylor & Francis Journals, vol. 17(4), pages 271-284.
    33. Michael D. McKenzie, 2007. "International Evidence on the Determinants of the Decision to List," Australian Journal of Management, Australian School of Business, vol. 32(1), pages 1-28, June.
    34. Aussenegg, Wolfgang & Pichler, Pegaret & Stomper, Alex, 2006. "IPO Pricing with Bookbuilding and a When-Issued Market," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 41(4), pages 829-862, December.
    35. Linus Wilson, 2013. "Valuing Tarp Preferred Stock," Review of Business and Finance Studies, The Institute for Business and Finance Research, vol. 4(1), pages 17-22.
    36. Füllbrunn, Sascha & Neugebauer, Tibor & Nicklisch, Andreas, 2014. "Underpricing of Initial Public Offerings in Experimental Asset Markets," WiSo-HH Working Paper Series 19, University of Hamburg, Faculty of Business, Economics and Social Sciences, WISO Research Laboratory.
    37. Hsuan-Chi Chen & Robert Fok & Sheng-Hung Kang, 2010. "Issuers’ incentives and tests of Baron’s model of IPO underpricing," Review of Quantitative Finance and Accounting, Springer, vol. 35(1), pages 71-87, July.
    38. Stefano Bonini & Olena Voloshyna, 2013. "A, B or C? Experimental Tests of IPO Mechanisms," European Financial Management, European Financial Management Association, vol. 19(2), pages 304-344, March.
    39. Su, Chen, 2015. "Does institutional reform improve the impact of investment bank reputation on the long-term stock performance of initial public offerings?," The British Accounting Review, Elsevier, vol. 47(4), pages 445-470.
    40. Liu, Jianlei & Uchida, Konari & Gao, Ruidong, 2012. "Political connections and the long-term stock performance of Chinese IPOs," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 22(4), pages 814-833.
    41. Chen, Hsuan-Chi & Shu, Pei-Gi & Chiang, Sue-Jane, 2011. "The choice between bookbuilding and fixed-price offering: Evidence from SEOs in Taiwan," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 21(1), pages 28-48, February.
    42. David C. Ling & Gianluca Marcato & Chen Zheng, 2022. "Does asset location and concentration explain REIT IPO valuation?," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 50(3), pages 672-706, September.
    43. Hanafi, Mamduh M., 2021. "Fixed price and book building methods in an exogenous environment: Evidence from Indonesia stock market," Research in International Business and Finance, Elsevier, vol. 58(C).
    44. Matthew Pritsker, 2006. "A fully-rational liquidity-based theory of IPO underpricing and underperformance," Finance and Economics Discussion Series 2006-12, Board of Governors of the Federal Reserve System (U.S.).
    45. Neupane, Suman & Rhee, S. Ghon & Vithanage, Kulunu & Veeraraghavan, Madhu, 2017. "Trade-based manipulation: Beyond the prosecuted cases," Journal of Corporate Finance, Elsevier, vol. 42(C), pages 115-130.
    46. Nader Naifar, 2011. "Explaining IPOs Underpricing in the Tunisian Market," Journal of Emerging Market Finance, Institute for Financial Management and Research, vol. 10(3), pages 311-336, December.
    47. Roosenboom, Peter, 2012. "Valuing and pricing IPOs," Journal of Banking & Finance, Elsevier, vol. 36(6), pages 1653-1664.
    48. International Monetary Fund, 2007. "IPO Behavior in GCC Countries: Goody-Two Shoes or Bad-to-the-Bone?," IMF Working Papers 2007/149, International Monetary Fund.
    49. Pettway, Richard H. & Thosar, Satish & Walker, Scott, 2008. "Auctions versus book-built IPOs in Japan: A comparison of aftermarket volatility," Pacific-Basin Finance Journal, Elsevier, vol. 16(3), pages 224-235, June.
    50. Peter Roosenboom, 2007. "How Do Underwriters Value Initial Public Offerings? An Empirical Analysis of the French IPO Market," Contemporary Accounting Research, John Wiley & Sons, vol. 24(4), pages 1217-1243, December.
    51. Sylvain Bourjade, 2021. "The role of expertise in syndicate formation," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 30(4), pages 844-870, November.
    52. Ali Shaddady & Mohammed Alsaggaf, 2020. "Issues that Matter When Behavioral Finance Factors Drive the Largest Initial Public Offering in the Saudi Financial Market," International Journal of Economics and Financial Issues, Econjournals, vol. 10(6), pages 106-117.
    53. Bourjade, Sylvain, 2009. "Strategic price discounting and rationing in uniform price auctions," Economics Letters, Elsevier, vol. 105(1), pages 23-27, October.
    54. Danlin Pu & Shanping Wang, 2015. "The impact of pricing mechanism reform on underpricing of initial public offerings in China," Applied Economics Letters, Taylor & Francis Journals, vol. 22(14), pages 1144-1149, September.
    55. Cerezo Sánchez, David, 2017. "An Optimal ICO Mechanism," MPRA Paper 81285, University Library of Munich, Germany.
    56. He, Liyu & Hsin-han Shen, Carl & Shiu, Cheng-Yi, 2022. "Is fair value information fairly priced? Evidence from IPOs in global capital markets✰," Journal of Banking & Finance, Elsevier, vol. 135(C).
    57. Guo, Haifeng & Brooks, Robert, 2008. "Underpricing of Chinese A-share IPOs and short-run underperformance under the approval system from 2001 to 2005," International Review of Financial Analysis, Elsevier, vol. 17(5), pages 984-997, December.
    58. Guo, Haifeng & Brooks, Robert & Shami, Roland, 2010. "Detecting hot and cold cycles using a Markov regime switching model--Evidence from the Chinese A-share IPO market," International Review of Economics & Finance, Elsevier, vol. 19(2), pages 196-210, April.
    59. Kaneko, Takashi & Pettway, Richard H., 2003. "Auctions versus book building of Japanese IPOs," Pacific-Basin Finance Journal, Elsevier, vol. 11(4), pages 439-462, September.
    60. Bajo, Emanuele & Chemmanur, Thomas J. & Simonyan, Karen & Tehranian, Hassan, 2016. "Underwriter networks, investor attention, and initial public offerings," Journal of Financial Economics, Elsevier, vol. 122(2), pages 376-408.
    61. Aissia, Dorsaf Ben, 2014. "IPO first-day returns: Skewness preference, investor sentiment and uncertainty underlying factors," Review of Financial Economics, Elsevier, vol. 23(3), pages 148-154.
    62. Haitian Lu & Yi Tan & Hong Huang, 2013. "Why do venture capital firms exist: An institution-based rent-seeking perspective and Chinese evidence," Asia Pacific Journal of Management, Springer, vol. 30(3), pages 921-936, September.
    63. Chen, Yangyang & Chui, Andy C.W. & Goyal, Abhinav & Veeraraghavan, Madhu, 2022. "Societal secrecy and IPO underpricing," Journal of Corporate Finance, Elsevier, vol. 76(C).
    64. Dimitrios Gounopoulos & Georgios Loukopoulos & Panagiotis Loukopoulos, 2021. "CEO education and the ability to raise capital," Corporate Governance: An International Review, Wiley Blackwell, vol. 29(1), pages 67-99, January.
    65. Hsuan‐Chi Chen & Robert C. W. Fok & Yu‐Jen Wang, 2006. "Why do Underwriters Charge Low Underwriting Fees for Initial Public Offerings in Taiwan?," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 33(7‐8), pages 979-1005, September.
    66. Neupane, Suman & Thapa, Chandra, 2013. "Underwriter reputation and the underwriter–investor relationship in IPO markets," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 24(C), pages 105-126.
    67. Ravi Jagannathan & Ann E. Sherman, 2006. "Why Do IPO Auctions Fail?," NBER Working Papers 12151, National Bureau of Economic Research, Inc.
    68. Shenghao Gao & Peyman Khezr & Armin Pourkhanali, 2024. "Uniform price auctions with pre-announced revenue targets: Evidence from China's SEOs," Papers 2410.00063, arXiv.org.
    69. Guray Kucukkocaoglu, 2007. "Underpricing in Turkey: Comparison of the IPO Methods," Money Macro and Finance (MMF) Research Group Conference 2006 8, Money Macro and Finance Research Group.
    70. Bourjade Sylvain, 2019. "Uniform Price Auctions with Asymmetric Bidders," The B.E. Journal of Theoretical Economics, De Gruyter, vol. 19(1), pages 1-14, January.
    71. Sturla Lyngnes Fjesme, 2019. "When do investment banks use IPO price support?," European Financial Management, European Financial Management Association, vol. 25(3), pages 437-461, June.
    72. Alqahtani, Faisal & Boulanouar, Zakaria, 2017. "Sharia compliance status & investor demand for IPOs: Evidence from Saudi Arabia," Pacific-Basin Finance Journal, Elsevier, vol. 46(PB), pages 258-268.
    73. Vithessonthi, Chaiporn, 2014. "What explains the initial return of initial public offerings after the 1997 Asian financial crisis? Evidence from Thailand," Journal of Multinational Financial Management, Elsevier, vol. 27(C), pages 89-113.
    74. Pegah Dehghani & Ros Zam Zam Sapian, 2014. "Sectoral herding behavior in the aftermarket of Malaysian IPOs," Venture Capital, Taylor & Francis Journals, vol. 16(3), pages 227-246, July.
    75. Simon Gao & Tony Chieh-Tse Hou, 2019. "An Empirical Examination of IPO Underpricing Between High-technology and Non-high-technology Firms in Taiwan," Journal of Emerging Market Finance, Institute for Financial Management and Research, vol. 18(1), pages 23-51, April.
    76. Lehmann, Timo & Weber, Matthias, 2021. "IPO Underpricing and Aftermarket Price Accuracy: Auctions vs. Bookbuilding in Japan," SocArXiv sa385, Center for Open Science.
    77. Güçbilmez, Ufuk & Ó Briain, Tomás, 2021. "Bidding styles of institutional investors in IPO auctions," Journal of Financial Markets, Elsevier, vol. 53(C).
    78. Dorsaf Ben Aissia, 2014. "IPO first‐day returns: Skewness preference, investor sentiment and uncertainty underlying factors," Review of Financial Economics, John Wiley & Sons, vol. 23(3), pages 148-154, September.
    79. Roosenboom, Peter & Schramade, Willem, 2006. "The price of power: Valuing the controlling position of owner-managers in French IPO firms," Journal of Corporate Finance, Elsevier, vol. 12(2), pages 270-295, January.
    80. Francois Degeorge & Francois Derrien & Kent L. Womack, 2007. "Analyst Hype in IPOs: Explaining the Popularity of Bookbuilding," The Review of Financial Studies, Society for Financial Studies, vol. 20(4), pages 1021-1058.
    81. Mary Robinson & Richard Robinson, 2012. "Dutch-auction IPOs: institutional development and underpricing performance," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 36(3), pages 521-554, July.
    82. Ginsberg Ari & Hasan Iftekhar & Tucci Christopher L, 2011. "Unpacking the Effects of Corporate Venture Capital Investor Ties on the Reduction of Price Discounting among IPO Firms," Entrepreneurship Research Journal, De Gruyter, vol. 1(2), pages 1-29, March.
    83. Dorsaf Ben Aissia & Narjess Skhiri Hellara, 2019. "Systematic risk, the tradeoff of leverage and IPO first-day returns," Review of Quantitative Finance and Accounting, Springer, vol. 53(1), pages 239-256, July.
    84. Vithanage, Kulunu & Neupane, Suman & Chung, Richard, 2016. "Multiple lead underwriting syndicate and IPO pricing," International Review of Financial Analysis, Elsevier, vol. 48(C), pages 193-208.
    85. Matt Pritsker, 2005. "A Fully-Rational Liquidity-Based Theory of IPO Underpricing and Underperformance," Computing in Economics and Finance 2005 414, Society for Computational Economics.
    86. Neupane, Suman & Neupane, Biwesh & Paudyal, Krishna & Thapa, Chandra, 2016. "Domestic and foreign institutional investors' investment in IPOs," Pacific-Basin Finance Journal, Elsevier, vol. 39(C), pages 197-210.
    87. Jagannathan, Ravi & Jirnyi, Andrei & Sherman, Ann Guenther, 2015. "Share auctions of initial public offerings: Global evidence," Journal of Financial Intermediation, Elsevier, vol. 24(3), pages 283-311.
    88. Guo, Haifeng & Brooks, Robert, 2009. "Duration of IPOs between offering and listing: Cox proportional hazard models--Evidence for Chinese A-share IPOs," International Review of Financial Analysis, Elsevier, vol. 18(5), pages 239-249, December.
    89. Maria Borges, 2007. "Underpricing of Initial Public Offerings: The Case of Portugal," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 13(1), pages 65-80, February.
    90. Hsuan-Chi Chen & Sheng-Ching Wu, 2015. "Who Makes the Choice on IPO Underwriting Methods? Issuers Versus Underwriters," Financial Management, Financial Management Association International, vol. 44(4), pages 753-783, October.
    91. Garry D. Bruton & Salim Chahine & Igor Filatotchev, 2009. "Founders, Private Equity Investors, and Underpricing in Entrepreneurial IPOs," Entrepreneurship Theory and Practice, , vol. 33(4), pages 909-928, July.
    92. Bouis, Romain, 2003. "IPOs cycle and investment in high-tech industries," CFS Working Paper Series 2003/47, Center for Financial Studies (CFS).
    93. Chen Su & Kenbata Bangassa, 2011. "Underpricing and long-run performance of Chinese IPOs: the role of underwriter reputation," Financial Markets and Portfolio Management, Springer;Swiss Society for Financial Market Research, vol. 25(1), pages 53-74, March.
    94. Yao-Min Chiang & Michelle Lowry & Yiming Qian, 2019. "The Information Advantage of Underwriters in IPOs," Management Science, INFORMS, vol. 65(12), pages 5721-5740, December.
    95. Hsu, Yenshan & Shiu, Cheng-Yi, 2010. "The overconfidence of investors in the primary market," Pacific-Basin Finance Journal, Elsevier, vol. 18(2), pages 217-239, April.
    96. Hoque, Hafiz & Mu, Shaolong, 2023. "Information spillover in Chinese hybrid IPO auctions," Journal of International Money and Finance, Elsevier, vol. 131(C).
    97. Trauten, Andreas, 2004. "Zur Effizienz von Wertpapieremissionen über Internetplattformen," Working Papers 8, University of Münster, Competence Center Internet Economy and Hybrid Systems, European Research Center for Information Systems (ERCIS).
    98. Jay R. Ritter, 2003. "Differences between European and American IPO Markets," European Financial Management, European Financial Management Association, vol. 9(4), pages 421-434, December.
    99. Timo Lehmann & Matthias Weber, 2023. "Auctions versus bookbuilding: The effects of IPO regulation in Japan," The Financial Review, Eastern Finance Association, vol. 58(1), pages 117-141, February.
    100. Rohat Barihas & Peter Weber & Heinz Zimmermann, 2024. "IPO Pricing in Germany and Switzerland in the New Millennium: Tests on Underpricing and Long-Term Performance," JRFM, MDPI, vol. 17(11), pages 1-35, November.
    101. Stavros Thomadakis & Dimitrios Gounopoulos & Christos Nounis & Andreas Merikas, 2016. "Collateral Regulation and IPO†Specific Liberalisation: the Case of Price Limits in the Athens Stock Exchange," European Financial Management, European Financial Management Association, vol. 22(2), pages 276-312, March.
    102. Adam Zaremba & Radoslaw Zmudzinski, 2014. "IPO Initial Underpricing Anomaly: the Election Gimmick Hypothesis," Copernican Journal of Finance & Accounting, Uniwersytet Mikolaja Kopernika, vol. 3(2), pages 167-181.
    103. Michel A. Habib & Alexandre Ziegler, 2003. "Why Government Bonds Are Sold by Auction and Corporate Bonds by Posted-Price Selling," FAME Research Paper Series rp78, International Center for Financial Asset Management and Engineering.
    104. Trauten, Andreas & Langer, Thomas, 2007. "Information production and bidding in IPOs: An experimental analysis of auctions and fixed-price offerings," Working Papers 50, University of Münster, Competence Center Internet Economy and Hybrid Systems, European Research Center for Information Systems (ERCIS).
    105. Carey, Peter & Steen, Adam, 2006. "Changing conditions in the Hong Kong new issues market," Pacific-Basin Finance Journal, Elsevier, vol. 14(5), pages 484-500, November.
    106. Ekkayokkaya, Manapol & Pengniti, Tulaya, 2012. "Governance reform and IPO underpricing," Journal of Corporate Finance, Elsevier, vol. 18(2), pages 238-253.
    107. Lin, Ji-Chai & Lee, Yi-Tsung & Liu, Yu-Jane, 2007. "IPO auctions and private information," Journal of Banking & Finance, Elsevier, vol. 31(5), pages 1483-1500, May.
    108. Guray Kucukkocaoglu & Ozge Sezgin Alp, 2012. "IPO mechanism selection by using Classification and Regression Trees," Quality & Quantity: International Journal of Methodology, Springer, vol. 46(3), pages 873-888, April.
    109. Chen Su & Hanxiong Zhang & Robert S. Hudson, 2020. "The time‐varying performance of UK analyst recommendation revisions: Do market conditions matter?," Financial Markets, Institutions & Instruments, John Wiley & Sons, vol. 29(2), pages 65-89, May.

  18. François Degeorge & François Derrien, 2001. "Les déterminants de la performance à long terme des introductions en bourse : le cas français," Post-Print hal-00480224, HAL.

    Cited by:

    1. Jeanjean, Thomas & Cazavan-Jeny, Anne, 2005. "Levels of voluntary disclosure in IPO prospectuses : an empirical analysis," HEC Research Papers Series 827, HEC Paris.
    2. Hatem Mansali & Florence Labégorre, 2010. "Les performances économiques et boursières à long terme des sociétés introduites en bourse:le cas du marché français (1990-2003)," Revue Finance Contrôle Stratégie, revues.org, vol. 13(2), pages 67-106., June.

Articles

  1. François Derrien & Ambrus Kecskés & Phuong-Anh Nguyen, 2023. "Labor Force Demographics and Corporate Innovation," The Review of Financial Studies, Society for Financial Studies, vol. 36(7), pages 2797-2838.
    See citations under working paper version above.
  2. Derrien, François & Frésard, Laurent & Slabik, Victoria & Valta, Philip, 2023. "Industry asset revaluations around public and private acquisitions," Journal of Financial Economics, Elsevier, vol. 147(1), pages 243-269.

    Cited by:

    1. Li, Dongxu, 2024. "Horizontal mergers and heterogeneous firm investments: evidence from the United States," Journal of Empirical Finance, Elsevier, vol. 75(C).

  3. Yan Zhang & François Derrien & Xiaohui Wu & Qi Zeng, 2021. "The Unintended Consequences of Regulations in Emerging Financial Markets: Evidence from the Chinese IPO Market," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 57(9), pages 2583-2603, July.

    Cited by:

    1. Hao-Chang Yang & Ferry Syarifuddin & Chun-Ping Chang & Hai-Jie Wang, 2022. "The Impact of Exchange Rate Futures Fluctuations on Macroeconomy: Evidence from Ten Trading Market," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 58(8), pages 2300-2313, June.

  4. François Derrien & Olivier Dessaint, 2018. "The Effects of Investment Bank Rankings: Evidence from M&A League Tables," Review of Finance, European Finance Association, vol. 22(4), pages 1375-1411.

    Cited by:

    1. Stolowy, Hervé & Paugam, Luc & Gendron, Yves, 2022. "Competing for narrative authority in capital markets: Activist short sellers vs. financial analysts," Accounting, Organizations and Society, Elsevier, vol. 100(C).
    2. Malmendier, Ulrike M. & Karsten, Christel & Sautner, Zacharias, 2020. "Lawyer Expertise and Contract Design – Evidence from M&A Negotiations," CEPR Discussion Papers 14936, C.E.P.R. Discussion Papers.
    3. Carbó-Valverde, Santiago & Cuadros-Solas, Pedro J. & Rodríguez-Fernández, Francisco, 2021. "Non-pricing drivers of underwriters’ market shares in corporate bond markets," International Review of Economics & Finance, Elsevier, vol. 76(C), pages 671-693.
    4. Marcelo Daniel Araújo Ermel & Roy Martelanc, 2018. "Motivations and Consequences of Advisor Participation in Mergers and Acquisitions," RAC - Revista de Administração Contemporânea (Journal of Contemporary Administration), ANPAD - Associação Nacional de Pós-Graduação e Pesquisa em Administração, vol. 22(6), pages 859-884.
    5. Feng, Yun & Liu, Chelsea & Yawson, Alfred, 2023. "Economic shocks, M&A advisors, and industry takeover activity," Pacific-Basin Finance Journal, Elsevier, vol. 82(C).

  5. Boissel, Charles & Derrien, François & Ors, Evren & Thesmar, David, 2017. "Systemic risk in clearing houses: Evidence from the European repo market," Journal of Financial Economics, Elsevier, vol. 125(3), pages 511-536.
    See citations under working paper version above.
  6. Derrien, François & Kecskés, Ambrus & Mansi, Sattar A., 2016. "Information asymmetry, the cost of debt, and credit events: Evidence from quasi-random analyst disappearances," Journal of Corporate Finance, Elsevier, vol. 39(C), pages 295-311.

    Cited by:

    1. Cai, Kelly, 2017. "The cost of debt for Yankee and domestic bonds," Journal of Multinational Financial Management, Elsevier, vol. 40(C), pages 1-13.
    2. Xiao, He, 2022. "Environmental regulation and firm capital structure dynamics," Economic Analysis and Policy, Elsevier, vol. 76(C), pages 770-787.
    3. Galanti, Sébastien & Leroy, Aurélien & Vaubourg, Anne-Gaël, 2022. "Investment and access to external finance in Europe: Does analyst coverage matter?," International Review of Financial Analysis, Elsevier, vol. 81(C).
    4. Altdörfer, Marc & Guettler, Andre & Löffler, Gunter, 2024. "Analyst distance and credit rating consistency," Journal of International Money and Finance, Elsevier, vol. 143(C).
    5. Xiaoting Wei & Viet Do, 2022. "Equity analysts' recommendation revisions and corporate bond price reactions," International Review of Finance, International Review of Finance Ltd., vol. 22(4), pages 669-687, December.
    6. Bellucci, Andrea & Pennacchio, Luca & Zazzaro, Alberto, 2023. "Debt financing of SMEs: The certification role of R&D Subsidies," International Review of Financial Analysis, Elsevier, vol. 90(C).
    7. To, Thomas Y. & Navone, Marco & Wu, Eliza, 2018. "Analyst coverage and the quality of corporate investment decisions," Journal of Corporate Finance, Elsevier, vol. 51(C), pages 164-181.
    8. Pierre Cahuc & Francis Kramarz & Sandra Nevoux, 2018. "When Short-Time Work Works," SciencePo Working papers hal-03393127, HAL.
    9. Kun Tracy Wang & Nathan Zhenghang Zhu, 2023. "Conditional Mandates on Management Earnings Forecasts: The Impact on the Cost of Debt," Abacus, Accounting Foundation, University of Sydney, vol. 59(4), pages 901-953, December.
    10. Chen, Yiping & Shan, Yuan George & Wang, Jimin & Yang, Xinxin & Zhang, Junru, 2024. "Social capital and cost of debt: Evidence from Chinese CEO network centrality," Emerging Markets Review, Elsevier, vol. 60(C).
    11. Ni, Xiaoran & Yin, Sirui, 2018. "Shareholder litigation rights and the cost of debt: Evidence from derivative lawsuits," Journal of Corporate Finance, Elsevier, vol. 48(C), pages 169-186.
    12. Syeda Khiraza Naqvi & Faisal Shahzad & Ijaz Ur Rehman & Fiza Qureshi & Usama Laique, 2021. "Corporate social responsibility performance and information asymmetry: The moderating role of analyst coverage," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 28(6), pages 1549-1563, November.
    13. Wang, Shujing & Yan, Hongjun & Zhong, Ninghua & Tang, Yizhou, 2024. "Indirect effects of trading restrictions," Journal of Corporate Finance, Elsevier, vol. 86(C).
    14. Andrea Bellucci & Alexander Borisov & Germana Giombini & Alberto Zazzaro, 2022. "Information Asymmetry, External Certification, and the Cost of Bank Debt," CSEF Working Papers 657, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
    15. Zhang, Han & Li, Yuan & Xiao, Chenlei & Wang, Xiaoyan, 2024. "Can the deregulation of market access reduce the cost of corporate debt financing: A quasinatural experiment based on the “negative list for market access” pilot project," International Review of Financial Analysis, Elsevier, vol. 91(C).
    16. Fiorillo, Paolo & Meles, Antonio & Salerno, Dario & Verdoliva, Vincenzo, 2024. "Analyst coverage and default risk," International Review of Economics & Finance, Elsevier, vol. 94(C).
    17. Jian Zhang & Ningzhi Wang & Xinyu Zhu & Xiao Yi, 2024. "Does the supply of tax information affect financial restatements? Evidence from the launch of Taxation Administration Information System III in China," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-13, December.
    18. Haifeng Zhang & Zhuo Zhang & Adrian Tan & Ekaterina Steklova, 2020. "Quantity, Quality, and Performance of Corporate Social Responsibility Information Disclosure by Listed Enterprises in China: A Regional Perspective," IJERPH, MDPI, vol. 17(7), pages 1-16, March.
    19. Ernest Gyapong & Daniel Gyimah & Ammad Ahmed, 2021. "Religiosity, borrower gender and loan losses in microfinance institutions: a global evidence," Review of Quantitative Finance and Accounting, Springer, vol. 57(2), pages 657-692, August.
    20. Bipin Sony & Saumitra Bhadurib, 2020. "Information asymmetry and the choice between rights issue and private placement of equity," BASE University Working Papers 01/2020, BASE University, Bengaluru, India.
    21. Dawood Ashraf & Mohsin Khawaja & M. Ishaq Bhatti, 2022. "Raising capital amid economic policy uncertainty: an empirical investigation," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 8(1), pages 1-32, December.
    22. Yu, Qianlong & Chen, Dandan & Wang, Xiaoping & Peng, Weilai, 2024. "The impact of penalty interest provisions on the issuance costs of perpetual bonds," International Review of Economics & Finance, Elsevier, vol. 93(PB), pages 935-943.
    23. Li, Huanjie & Zhang, Yuan & Li, Yan, 2024. "The impact of the digital economy on the total factor productivity of manufacturing firms: Empirical evidence from China," Technological Forecasting and Social Change, Elsevier, vol. 207(C).
    24. Luong, Thanh Son & Qiu, Buhui & Wu, Yi (Ava), 2021. "Does it pay to be socially connected with wall street brokerages? Evidence from cost of equity," Journal of Corporate Finance, Elsevier, vol. 68(C).
    25. Xie, Linlin & Liu, Yangbo & Jiang, Tianhao, 2024. "Executives with business education background and cost of debt financing: Evidence from China," International Review of Economics & Finance, Elsevier, vol. 90(C), pages 283-296.
    26. Huang, Wenhui & Shen, Zhihan, 2024. "Corporate green innovation and stock price non-synchronicity: Evidence from China," International Review of Economics & Finance, Elsevier, vol. 93(PA), pages 52-64.
    27. Marco Navone & Thomas To, 2020. "Corporate watchdogs," Financial Management, Financial Management Association International, vol. 49(4), pages 925-947, December.
    28. Francis, Bill & Hasan, Iftekhar & Liu, Liuling & Wu, Qiang & Zhao, Yijiang, 2021. "Financial analysts' career concerns and the cost of private debt," Journal of Corporate Finance, Elsevier, vol. 67(C).
    29. Zifeng Feng & Zhonghua Wu, 2023. "ESG Disclosure, REIT Debt Financing and Firm Value," The Journal of Real Estate Finance and Economics, Springer, vol. 67(3), pages 388-422, October.
    30. Liu, Lewis, 2024. "Analyst monitoring and information asymmetry reduction: U.S. evidence on environmental investment," Innovation and Green Development, Elsevier, vol. 3(1).
    31. Prokop, Jörg & Walting, Matthias & Kahlen, Franziska, 2024. "Are more analysts better? The case of convertible bond announcement effects," International Review of Financial Analysis, Elsevier, vol. 96(PB).
    32. Peng, Xu & Tao, Xiaoma, 2018. "Cooperative game of electricity retailers in China's spot electricity market," Energy, Elsevier, vol. 145(C), pages 152-170.
    33. Zhang, Ping & Wang, Yiru, 2023. "The bright side of analyst coverage on corporate innovation: Evidence from China," International Review of Financial Analysis, Elsevier, vol. 89(C).
    34. Wang, Zhen & Sun, Lei & John Wei, K.C., 2020. "Does competition induce analyst effort? evidence from a natural experiment of broker mergers," Journal of Banking & Finance, Elsevier, vol. 119(C).
    35. Wang, Xin & Xie, Yan & Song, Di & Zhang, Weihua, 2022. "Do multiple large shareholders affect corporate bond yield spreads? Evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 73(C).
    36. Wang, Yidi & Gu, Hongmei, 2024. "Impacts of trust on the cost of debt financing: The perspectives of in-group trust and out-group trust," Finance Research Letters, Elsevier, vol. 62(PA).
    37. Wei, Xiaokun & Ruan, Qingsong & Lv, Dayong & Wu, Youyi, 2022. "Transportation infrastructure and bond issuance credit spread: Evidence from the Chinese high-speed rail construction," International Review of Economics & Finance, Elsevier, vol. 82(C), pages 30-47.
    38. Goel, Tirupam & Telegdy, Álmos & Banai, Ádám & Takáts, Előd, 2024. "Subsidy-driven firm growth: Does loan history matter? Evidence from a European Union subsidy program," Journal of Corporate Finance, Elsevier, vol. 87(C).
    39. Petya Platikanova, 2023. "The Real Effects of Analyst Research Quality: Evidence from the Adoption of the Broker Protocol," Australian Accounting Review, CPA Australia, vol. 33(3), pages 237-261, September.

  7. François Derrien & Ambrus Kecskés, 2013. "The Real Effects of Financial Shocks: Evidence from Exogenous Changes in Analyst Coverage," Journal of Finance, American Finance Association, vol. 68(4), pages 1407-1440, August.
    See citations under working paper version above.
  8. Derrien, François & Kecskés, Ambrus & Thesmar, David, 2013. "Investor Horizons and Corporate Policies," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 48(6), pages 1755-1780, December.
    See citations under working paper version above.
  9. Degeorge, François & Derrien, François & Womack, Kent L., 2010. "Auctioned IPOs: The US evidence," Journal of Financial Economics, Elsevier, vol. 98(2), pages 177-194, November.
    See citations under working paper version above.
  10. François Derrien & Ambrus Kecskés, 2009. "How Much Does Investor Sentiment Really Matter for Equity Issuance Activity?," European Financial Management, European Financial Management Association, vol. 15(4), pages 787-813, September.
    See citations under working paper version above.
  11. Francois Degeorge & Francois Derrien & Kent L. Womack, 2007. "Analyst Hype in IPOs: Explaining the Popularity of Bookbuilding," The Review of Financial Studies, Society for Financial Studies, vol. 20(4), pages 1021-1058.
    See citations under working paper version above.
  12. François Derrien & Ambrus Kecskés, 2007. "The Initial Public Offerings of Listed Firms," Journal of Finance, American Finance Association, vol. 62(1), pages 447-479, February.
    See citations under working paper version above.
  13. Franҫois Derrien, 2005. "IPO Pricing in “Hot” Market Conditions: Who Leaves Money on the Table?," Journal of Finance, American Finance Association, vol. 60(1), pages 487-521, February.
    See citations under working paper version above.
  14. FranÁois Derrien & Kent L. Womack, 2003. "Auctions vs. Bookbuilding and the Control of Underpricing in Hot IPO Markets," The Review of Financial Studies, Society for Financial Studies, vol. 16(1), pages 31-61.
    See citations under working paper version above.
IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.