This paper examines the effect of stock market conditions on the waiting time of initial public offering (IPO) candidates, from the date firms file a registration statement with the Securities and Exchange Commission (SEC) to the effective IPO date. I find that issuers are going public faster when time-varying stock market valuations are high, and when time-varying market returns and time-varying market volatility are low. The volatility effect is not driven by regulatory delays consecutive to changes in the terms of the offers during the IPO process. Taken together, these results indicate that firms use a short-term market timing strategy when deciding the right time to go public and are consistent with a real option interpretation of IPO ...
The purpose of this paper is to investigate the market timing behavior of issuers of Indian Initial ...
The objective of this study is to develop a qualitative model supporting chief financial officers (C...
abstract: In 1991, Jay R. Ritter published a paper titled The Long-Run Performance of Initial Public...
We study the dynamics of IPOs by examining the tradeoff between an entrepreneur's private benefits, ...
The length of time it takes an IPO firm to go public (called ‘waiting period’) reflects multiple lay...
This paper develops a real options model in which firms may use the timing of their initial public o...
A finding of the Australian Initial Public Offerings (IPOs) literature is that the time from prospec...
The study examined the short-term price behavior of initial public offerings (IPOs) of equities list...
Although prior studies provide valuable insight into understanding the effect of underwriters ’ repu...
The issuance activity of IPOs and rights issues has shown substantial time-varying fluctuations. The...
Despite the extensive amount of IPO literature, many unknowns still exists about the inner workings ...
The issuance activity of IPOs and rights issues has shown substantial time-varying fluctuations. The...
The paper analyzes the strategic waiting tendencies of IPO firms. Our game theoretic model shows why...
The goal of this paper is to study the impact of stock markets on Initial Public Offerings (IPOs). ...
We investigate how aggregate IPO filing volume responds to changes in stock market volatility. The f...
The purpose of this paper is to investigate the market timing behavior of issuers of Indian Initial ...
The objective of this study is to develop a qualitative model supporting chief financial officers (C...
abstract: In 1991, Jay R. Ritter published a paper titled The Long-Run Performance of Initial Public...
We study the dynamics of IPOs by examining the tradeoff between an entrepreneur's private benefits, ...
The length of time it takes an IPO firm to go public (called ‘waiting period’) reflects multiple lay...
This paper develops a real options model in which firms may use the timing of their initial public o...
A finding of the Australian Initial Public Offerings (IPOs) literature is that the time from prospec...
The study examined the short-term price behavior of initial public offerings (IPOs) of equities list...
Although prior studies provide valuable insight into understanding the effect of underwriters ’ repu...
The issuance activity of IPOs and rights issues has shown substantial time-varying fluctuations. The...
Despite the extensive amount of IPO literature, many unknowns still exists about the inner workings ...
The issuance activity of IPOs and rights issues has shown substantial time-varying fluctuations. The...
The paper analyzes the strategic waiting tendencies of IPO firms. Our game theoretic model shows why...
The goal of this paper is to study the impact of stock markets on Initial Public Offerings (IPOs). ...
We investigate how aggregate IPO filing volume responds to changes in stock market volatility. The f...
The purpose of this paper is to investigate the market timing behavior of issuers of Indian Initial ...
The objective of this study is to develop a qualitative model supporting chief financial officers (C...
abstract: In 1991, Jay R. Ritter published a paper titled The Long-Run Performance of Initial Public...