Managerial Finance: Volume 43 Issue 9

Board structure and institutional ownership at the time of IPO

Suman Neupane, Biwesh Neupane

The purpose of this paper is to examine the impact of mandatory regulatory provisions on board structure and the influence of such board structure on institutional holdings.

The new capital raised in IPOs

Chuntai Jin, Tianze Li, Steven Xiaofan Zheng, Ke Zhong

The purpose of this paper is to answer the following three questions about the new capital raised in initial public offerings (IPOs): why do some IPO companies raise a lot of new…

Corporate social responsibility and payout decisions

Marwa Samet, Anis Jarboui

The purpose of this paper is to investigate whether and how corporate social responsibility (CSR) performance contributes to shape firms’ payout policy. In particular, it examines…

Impact of reporting delays on profitability of front-running strategies against mutual funds

Sitikantha Parida

The purpose of this paper is to investigate if there is any impact of reporting delays on profitability of front-running strategies against the mutual funds.

Fewer reasons to sin: a five-factor investigation of vice stock returns

Greg Richey

The purpose of this paper is to investigate the return performance of a portfolio of US “vice stocks,” firms that manufacture and sell products such as alcohol, tobacco, gaming…

Red flags for IPO downfalls in New Zealand

Huong Dieu Dang, Michael Jolly

The strong performance of New Zealand’s equity market and the Government’s efforts to encourage small investors to invest in initial public offering (IPO) firms raises two…