Ipo peer effects online appendix
Webtitle = "IPO peer effects", abstract = "This study investigates whether a private firm's decision to go public affects the IPO decisions of its competitors. Using detailed data from the … WebMar 5, 2024 · The effects are stronger for incumbent firms that are subject to larger competitive pressure from other public rivals, face severer ex ante threats from the suspended rival firm, and are more financially constrained. ... Our paper sheds new light on the IPO peer effect, especially on how incumbent firms dynamically and proactively …
Ipo peer effects online appendix
Did you know?
WebAug 20, 2012 · This study develops and applies new ways to identify peer effects in the presence of missing data, which incorporate knowledge of how groups form. Estimates suggest sizeable positive effects of mean peer lagged achievement on average. Analysis of a common peer‐effects estimator implies caution is warranted in interpreting many … WebWe examine the effect of peer firms’ earnings predictability on initial public offering (IPO) underpricing by investigating whether peer firms’ financial characteristics affect IPO …
WebJan 1, 2024 · We additionally explore peer effects in private firm funding propensities more broadly, such as through venture capital or being acquired, and find results consistent … WebPositive peer effects predict smaller within-section variation, compared with between-section variation, as peer groups conform to the average. In these tests, ... set of results for all variables in the Online Appendix. We believe that our findings have far-reaching implications. Endogenous peer effects create a social multiplier (Glaeser ...
WebIPO peer effects Author & abstract Download 49 References Most related Related works & more Corrections Author Listed: Aghamolla, Cyrus Thakor, Richard T. Registered: Richard Todd Thakor Abstract This study investigates whether a private firm’s decision to go public affects the IPO decisions of its competitors. WebMECHANISMS UNDERLYING PEER EFFECTS 3 (a) Investor 2 is financially sophisticated (b) Associated investor 1 is financially sophisticated FIGURE A.3.—Heterogeneity of social …
WebJun 1, 2024 · IPO peer effects June 2024 Authors: Cyrus Aghamolla Richard Thakor University of Minnesota Twin Cities Request full-text Abstract This study investigates …
Webthe IPO and corresponding disclosures (such as the IPO prospectus) of a direct competitor working in the same project area may allow still-private peers to freeride o of the … leashold improvement methodWebIPO Peer Effects (with Richard Thakor). 2024. Journal of Financial Economics, 144 (1), 206-226. [ JFE] [ Online Appendix] Do Mandatory Disclosure Requirements for Private Firms … leas holding stockSpecifically, we predict that reduced industry uncertainty (through greater … Peer Info is our proxy for peer information and X is a vector of control variables … Table 1. Investment-to-price sensitivities: model's predictions. This table … 1.. IntroductionExtensive SEC disclosure regulation and enforcement are often … The summary statistics of the CSM are presented in Panel A of Table 1.Overall, … As to the economic magnitude of these effects, the variables TR (−1) and TR (−2) … Eq. (1) refers to the PBE where IPO waves occur even without a productivity shock. … The effect that voluntarily disclosed managers' earnings forecasts have on … Table 1 compares characteristics of internet, non-internet technology, and all … Panel A of Table 1 characterizes institutional holdings and trading … leashold improvement what can be capitalisedWebIPO peer effects. Cyrus Aghamolla and Richard Thakor. Journal of Financial Economics, 2024, vol. 144, issue 1, 206-226 Abstract: This study investigates whether a private firm’s … leasholder protection deed of certificateWebFeb 1, 2024 · This study examines peer effects in corporate disclosure decisions. Peer effects suggest that the average behavior of a group influences the behavior of individual group members. Consistent with peer effects, I find that disclosures made by industry peers induce firm disclosure. Peer effects in disclosure are more pronounced when a firm's ... leas home planetWebMar 24, 2024 · Studying board-interlocked firms, we utilize the staggered adoption of universal demand laws across states to identify and estimate causal peer effects in governance policies. We find support for the existence of peer effects in the adoption of antitakeover provisions. lea shop.czWebOnline Appendices for Article: Peer Effects of Corporate Social Responsibility . Jie Cao, Hao Liang, and Xintong Zhan . Contents: Appendix A. Examples of Close-Call CSR Proposals … leashold improvement recovery macrs