Managerial Finance: Volume 33 Issue 6

Over‐optimism when pricing IPOs

Stefano Paleari, Silvio Vismara

The purpose of this paper is to contribute to the literature on the valuation of initial public offerings (IPOs). In particular, it tests the presence of over‐optimism when…

Does ownership matter? A study of German and UK IPOs

Marc Goergen, Luc Renneboog

This paper seeks to answer the question whether control and changes in control after a firm's initial public offering (IPO) have a significant influence on firm value in two very…

Block‐holder ownership, family control and post‐listing performance of French IPOs

Salim Chahine

While advantageous, the role of family control is under‐explored in finance. Family ownership can help guarantee stability of business and long‐term planning. The purpose of this…

The long‐run performance of UK IPOs: can it be predicted?

Marc Goergen, Arif Khurshed, Ram Mudambi

The aim of the paper is to study the long‐run under‐performance of UK initial public offerings (IPOs) by relating it to the pre‐IPO financial performance of the firm as well as…

The long‐run performance of initial public offerings in Germany

Wolfgang Bessler, Stefan Thies

The objective of this study is to investigate the long‐run performance of initial public offerings (IPOs) in Germany for the period from 1977 to 1995. The paper studies why some…