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The Admission and Regulation of Overseas Issuers: A Survey of the Top Four Financial Centers  

Horace Yeung

Print publication date:
Jan 2019
Online publication date:
Dec 2018
This chapter examines the potential discrepancies in the regulation applied to overseas issuers, as opposed to domestic issuers, of four leading financial centers. They are New York, ... More

Advances in Cost Frontier Analysis of the Firm  

C.A. Knox Lovell and Emili Grifell-Tatjé

Print publication date:
Jul 2013
Online publication date:
Oct 2013
We study various analytical frameworks relating productivity change to change in the cost structure and cost efficiency of the firm. We begin by motivating a focus on the cost side, and not ... More

All Ties Are Not Created Equal: Institutional Equity Ties, IPO Performance, and Market Growth of New Ventures  

Yong Li and Beiqing Yao

Print publication date:
Jan 2019
Online publication date:
Dec 2018
This chapter examines whether and how different types of institutional ties affect new venture performance at different organizational stages. The authors propose that equity ties to ... More

Alternative Types Of Entrepreneurial Finance  

Armin Schwienbacher and Benjamin Larralde

Print publication date:
Mar 2012
Online publication date:
Sep 2012
This article discusses crowdfunding as an alternative way of financing projects, with a focus on small, entrepreneurial ventures. It first provides a description of crowdfunding and ... More

Asymmetric Information, Credit Market Condition, and Entrepreneurial Finance  

Liang Han and Song Zhang

Print publication date:
Mar 2012
Online publication date:
Sep 2012
This article reviews literature on the important role played by asymmetric information in entrepreneurial finance from two perspectives: asymmetric information and relationship lending, and ... More

Auditor Selection and IPO Underpricing  

Miriam Koning

Print publication date:
Jan 2019
Online publication date:
Dec 2018
This chapter focuses on the selection of an audit firm by UK initial public offering (IPO) firms. It documents that many IPO firms switch to an audit firm in a different segment (big, ... More

The Capital Structure of Family Firms  

Markus Ampenberger, Morten Bennedsen, and Haoyong Zhou

Print publication date:
Mar 2012
Online publication date:
Sep 2012
This article has two parts. The first part provides a brief literature review on existing theoretical and empirical research in the capital structure of family firms. It argues that there ... More

Combinatorial Auctions  

David Porter, Stephen Rassenti, and David Munro

Print publication date:
Jul 2013
Online publication date:
Oct 2013
Traditional auctions struggle to achieve efficient allocations in multi-resource environments where individual resources are complements (the value of obtaining a package of items is worth ... More

Corporate Governance and Firm Performance  

Anup Agrawal and Charles R. Knoeber

Print publication date:
Jul 2013
Online publication date:
Oct 2013
This paper reviews the literature on corporate governance and firm performance in economies with relatively dispersed stock ownership and an active market for corporate control, such as the ... More

Corporate Governance and Optimal Transparency  

Tom Berglund

Print publication date:
Oct 2014
Online publication date:
Dec 2014
This chapter explores the link between corporate governance and transparency. It begins by discussing definitions of corporate governance and transparency and goes on to review the ... More

Corporate Governance in European IPOs  

Fabio Bertoni, Michelle Meoli, and Silvio Vismara

Print publication date:
Jan 2019
Online publication date:
Dec 2018
Establishing effective corporate governance is most important at the time of an initial public offering (IPO), because the IPO represents a significant step by a company toward moving to ... More

Crowdfunding: Business and Regulatory Perspective  

Alexandra Horváthová

Print publication date:
Jan 2019
Online publication date:
Dec 2018
Crowdfunding is a way of raising money through small contributions from a large number of investors, i.e. a “crowd.” Crowdfunding constitutes a common denominator for a number of financing ... More

The Dark Side of Venture Capital Syndication and IPO Firm Performance: The Impact of Different Institutional Environments  

Salim Chahine, Igor Filatotchev, Robert E. Hoskisson, and Jonathan D. Arthurs

Print publication date:
Jan 2019
Online publication date:
Dec 2018
This chapter integrates agency research with an institutional perspective and investigates multiple agency conflicts in venture capital (VC) syndicates and their effect on stock-market ... More

Design and Implementation of Pay for Performance  

Michael Gibbs

Print publication date:
Jul 2013
Online publication date:
Oct 2013
A large, mature and robust economics literature now provides a useful framework for understanding incentives. This chapter uses the lessons of that literature to discuss how to design and ... More

Determinants of Variation in IPO Underpricing  

Thomas Boulton, Scott Smart, and Chad Zutter

Print publication date:
Jan 2019
Online publication date:
Dec 2018
From 1998 to 2014, average IPO underpricing at the country level ranged from 1.2% in Argentina to 69.7% in China. What factors account for the high variability of IPO underpricing in the ... More

Dispersed Ownership: The Theories, the Evidence, and the Enduring Tension between “Lumpers” and “Splitters”  

John C. Coffee Jr.

Print publication date:
Apr 2012
Online publication date:
Nov 2012
This article argues that dispersed ownership resulted less from inexorable forces and more from private ordering. Neither legal nor political conditions mandated or prevented the appearance ... More

The Evolving Modern Theory of the Firm  

Robert Maness and Steven N. Wiggins

Print publication date:
Jul 2013
Online publication date:
Oct 2013
This chapter examines the role played by firms in allocating resources in a modern economy, explaining when firms are superior to markets and the limits to firm size. The analysis begins by ... More

Factoring and Invoice Financing  

Khaled Soufani

Print publication date:
Mar 2012
Online publication date:
Sep 2012
This article discusses the contribution of small and medium-size enterprises to the economy and the kind of financial environment they face, the notion of the finance gap faced by small ... More

Financial Capital among Minority-Owned Businesses  

Robert W. Fairlie and Alicia Robb

Print publication date:
Mar 2012
Online publication date:
Sep 2012
This article examines the financing patterns of minority-owned businesses. It first reviews findings from the previous literature on financing constraints and related constraints faced by ... More

Financing the Business Firm  

Leonce Bargeron and Kenneth Lehn

Print publication date:
Jul 2013
Online publication date:
Oct 2013
This chapter reviews the literature on the determinants of firms’ financing decisions and suggests fruitful areas for future research. We describe the tradeoff, pecking order, and market ... More

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