The Timing of Initial Public Offerings

By S. Benninga, M. Helmantel, O. Sarig. 2001

270 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/39fe3f41576bed8c03f8122a88554cf973714401

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Citations in the corpus

Why Do Firms Go Dark? Causes and Economic Consequences of Voluntary SEC Deregistrations (2008, methodology): “Given the low capitalization of the firms in our sample, cumulative returns are calculated based on a buy and hold strategy (see MacKinlay, 1977 and Blume and Stambaugh, 1983).”
Equilibrium in the Initial Public Offerings Market (2011, background): “Benninga et al (2005) assume that the entrepreneur is risk-averse, and benefits from the diversification associated with partially cashing out, whereas Aslan and Kumar assume that the entrepreneur is risk-neutral and that public market investors must be compensated for valuation risk.”
Where Have All the IPOs Gone (2013, unknown): “…attempt to explain the variations in monthly, quarterly, or yearly volume, such as Lerner (1994), Lowry and Schwert (2002), Lowry (2003), Helwege and Liang (2004), Benninga, Helmantel, and Sarig (2005), P´astor and Veronesi (2005), Yung, C¸olak, and Wang (2008), and Rau and Stouraitis (2011).”
Strategic IPOs and product market competition (2011, unknown): “…2004) and the loss of private benefits of control, which include ‘‘the private value of control as well as any savings in the reporting, monitoring, bonding, and agency costs a public firm incurs due to the separation between ownership and control’’ (Benninga, Helmantel, and Sarig, 2005, p. 119).”
Going-Private Decisions and the Sarbanes-Oxley Act of 2002: A Cross-Country Analysis (2007, unknown): “Firms are more likely to leave the public capital market when stock prices are depressed (Maupin et al. 1984; Lerner 1994; Pagano et al. 1998; Benninga et al. 2005).”
Entrepreneurial Learning, the Ipo Decision, and the Post-Ipo Drop in Firm Profitability (2009, unknown): “The learning mechanism also seems relevant for the going private decision (e.g., Zingales, 1995, Benninga et al, 2005, Bharath and Dittmar, 2006).”
Financial Dependence and Innovation: The Case of Public Versus Private Firms (2017, unknown): “Third, the listing in a stock market lowers the cost of capital as investors’ portfolios become more liquid and diversified (Pagano et al. (1998); Benninga et al. (2005)).”