Ipo peer effects online appendix
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 … WebFeb 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 ...
Ipo peer effects online appendix
Did you know?
WebIPO peer effects Author & abstract Download 49 References Most related Related works & more Corrections Author Listed: Aghamolla, Cyrus Thakor, Richard T. Registered: Richard … WebIPO 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 decision to go public affects the IPO decisions of its competitors.
WebApr 1, 2024 · We show that peer effects are present in IPO propensity, as well as in funding propensities more generally. Moreover, we examine peer effects in the decisions among … WebOct 1, 2009 · The study of peer effects is, however, complex and our analysis does not cover all its possibilities. There are potential limitations. In an online technical appendix, as well as in Calvó-Armengol, Patacchini and Zenou (2008), we develop three alternative network models and empirical tests. In particular, such alternative formulations ...
WebMECHANISMS UNDERLYING PEER EFFECTS 3 (a) Investor 2 is financially sophisticated (b) Associated investor 1 is financially sophisticated FIGURE A.3.—Heterogeneity of social … Specifically, 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 …
WebNov 25, 2024 · 求助这篇文章的online appendix,【作者(必填)】CyrusAghamollaRichard T.Thakor【文题(必填)】IPO peer effects【年份(必填)】2024【全文链接或 ...
WebThe analysis shows that a private firm is significantly more likely to go public after observing the recent IPO of a direct competitor, and this effect is distinct from “hot” market effects or other common shocks. ... our effects are centered on firms that operate in more competitive areas. We additionally explore peer effects in private ... how is natural gas measured in usaWebMar 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. how is natural gas manufacturedWebWe examine the effect of peer firms’ earnings predictability on initial public offering (IPO) underpricing by investigating whether peer firms’ financial characteristics affect IPO … highland sweatshirtsWebIPO Peer Effects* Cyrus Aghamolla Richard T. Thakor June 22, 2024 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 drug development indus- try, we identify a private firm’s direct competitors at a granular level through a novel approach ... how is natural gas measured and soldWebJun 20, 2024 · The study goes further to demonstrate that peer effects play a significant and critical role in determining corporate R&D investment policies, and by extension the more important determinant than traditional firm-specific factors. how is natural gas minedWebSupplemental Appendix for Online Publication Peers and Motivation at Work: Evidence from a Firm Experiment in Malawi Lasse Brune ... Illustration of Peer Pressure Function Cases (a) High-Ability Peers Increase Utility 0 e p(e) ... Worker Fixed Effects. No. Yes. Observations. 45,135. 45,132. Adjusted R-squared. 0.006. 0.258. highland swim teamWebOct 1, 2024 · The investment bank needs to choose peer firms that are reasonablely comparable companies to avoid shareholder litigation and potential damage to reputation. 5 Conditional on that, the banks could have room to choose comps that overestimate or underestimate the target's value. highlands webcams nc