The management board of a company rings the bell on the stock exchange floor in an evocative manner. Trading on the stock exchange has finally begun following months of the issuing process. But does the positive experience of ringing the stock market bell really persist throughout the day? No, not all IPOs go according to… Read More »
The proliferation of democracy internationally has spurred a large volume of research on its benefits (and costs) over economic growth in recent decades. Some studies assess the impact of democracy over various aspects of macroeconomic growth; however, the same cannot be argued for the micro level, whereby the effect of democracy over corporate decisions has been largely ignored. To the extent that macroeconomic activity reflects the… Read More »
Since the 1970s, the underpricing of IPOs has been a well-observed phenomenon and many issuers see their stock price rising sharply on the first day of trading, which means that the IPO firm could have realized higher proceeds from the offering (“money left on the table”). As a result, venture capitalists and Silicon Valley companies recently expressed their… Read More »
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