The rise of dual-class stock IPOsDhruv Aggarwal aOfer Eldar bYael V. Hochberg cLubomir P. Litov d
Sunrise, Sunset: An Empirical and Theoretical Assessment of Dual-Class Stock Structures A battle is brewing for control of America's most dynamic companies. Entrepreneurs are increasingly seeking protection from interference or dismissal by public investors through the adoption of dual-class stock struct...
Change rules on Spacs and dual-class shares to attract more IPOs, advises review of UK market Read Now A UK review has proposed relaxing the rules around dual-class shares, but some investors are not on board The principle of ‘one share, one vote’ is long cherished by the UK invest...
We analyze short-term and long-term performance of firms that go public with more than one class of common stock. To assess performance differences that are due to the firm's ownership structure, we create a control sample of single-class IPOs that is matched to the dual-class firms by ...
A rise in the company’s value, measured by the price of its Investor Stock. Development goals, such as release of products. Financial measures like revenue and/or profit. The eventual acquisition price, if applicable. Measures of social good, if relevant. ...
The most significant development in the world of banking in the late 20th and early 21st centuries has been the advent of online banking, which in its earliest forms dates back to the 1980s but really began to take off with the rise of the internet in the mid-1990s. The growing adoptio...
Many IPOs involve companies that are going through a transitory phase in their stage of growth and development; this, further brings out uncertainties regarding the future prospects of the company. IPO goes way back to 1602 when the Dutch East India Company issued its stock and bonds to the ...
Wall Street has accepted that derivatives trading will never be the same after the frenzy for fast-twitch stock options took hold. What it next has to absorb: The equity market itself is threatening to go the same way. Evidence is starting to stack up that the craze for so-called zero-da...
This paper investigates the price behaviour of initial public offerings (IPOs) of equities listed on the Vienna Stock Exchange during the period from 1984 to 1996. In accordance with the findings for other markets, the average initial returns of Austrian IPOs are significantly positive. For a tota...
本文汇总了金融学国际顶级期刊《Journal of Financial Economics》近期发表的最新论文成果,提供金融研究领域最新学术动态。 目录 1)Personal finance education mandates and student loan repayment 2)Bucking the trend: Why do IPOs choose controversial governance structures and why do investors let them?