New Lists: Fundamentals and Survival Rates

By F. T. Magiera. 2005

473 citations recorded by the source corpus.

Subfields: Health Information Management, Statistics and Probability

View Paper: https://www.semanticscholar.org/paper/2ac3f86e007ede644b3d3aff3410a18e0decf463

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Health Information Management

In Statistics and Probability

Citations in the corpus

Can Growth Options Explain the Trend in Idiosyncratic Risk (2008, background): “…with more uncertainty about future profitability and with more volatile profitability, and for firms that pay no dividends, suggesting that a partial explanation for the increase in idiosyncratic volatility is due to increases in the number of firms listed at earlier ages (Fama and French 2004).”
Cycles in the IPO market (2008, background): “This suggests that M&A related delistings belong in the failed-IPO sample; Fama and French (2004) also argue that low-quality IPO firms are more likely to merge. On the other hand, Zingales (1995) argues that the IPO may be the first step in a gradual sale of the company. Thus, subsequent acquisitio”
Can Managers Forecast Aggregate Market Returns (2005, background): “The development of the Nasdaq market has allowed a much larger set of firms to issue equity at earlier stages in their life-cycle (see Fama and French 2003), so there may be a greater opportunity for managers to time equity markets during this period.”
Accounting for Intangibles - A Critical Review of Policy Recommendations (2008, background): “To the extent that public equity markets now contain a larger fraction of young “growth” companies than was the case (say) 20 years ago ( Fama and French, 2004 ), we expect that market-to-book ratios will increase over time.”
Where Have All the IPOs Gone (2013, unknown): “Our ﬁndings are in line with those reported by Fama and French ((2004), Table 4 and Figure 3), who also report a corresponding increase in the fraction of both public ﬁrms and recent IPOs that are unproﬁtable during their 1973–2001 sample period.”
Firm-Specific Risk and Equity Market Development (2007, unknown): “Also related to our analysis and that by Fink et al. (2005) is work by Safdar (2000) which shows that the addition of new firms after 1980 has had a substantial impact on the trend in idiosyncratic risk. Considerable recent research has also investigated idiosyncratic volatility normalized by total ”
Volatility and Dispersion in Business Growth Rates: Publicly Traded versus Privately Held Firms (2006, unknown): “Fama and French (2004), among others, provide evidence that new listings are riskier than seasoned public firms, and that they became increasingly risky relative to seasoned firms after 1979.”
What do dividends tell us about earnings quality? (2009, unknown): “…Compustat earnings are due to the 25 firms reporting the largest earnings (DeAngelo et al. 2004). number of new lists, increasing left skewness in the profitability of these firms, and a corresponding increase in the left skewness of the overall earnings distribution (Fama and French 2004).”
The Implied Cost of Capital: A New Approach (2012, unknown): “The average model-based earnings forecasts are in decline since the late 1970s, which is consistent with the finding of Fama and French (2004) that U.S. publicly traded firms have become less profitable over time.”
Why has the investment-cash flow sensitivity declined so sharply? Rising R&D and equity market developments (2009, unknown): “For positive cash flow firms (Table 6, Panel B), cash flow coefficients declined by approximately 45% for young firms and 51% for mature firms. Among these positive cash flow firms, the cash flow coefficient for young firms is still substantial in the final period (0.240). Because of the changing co”
Industry Classifications and Return Comovement (2007, unknown): “Fama and French (2004) documented that the jump after 1980 in the number of newly listed stocks, which tend to exhibit lower profitability and higher growth, on average, than more established stocks, is a contributing factor to the increase in idiosyncratic volatility.”