We find that left-wing voters and politicians are less likely to invest in stocks, controlling for
income, wealth, education, and other relevant factors. This finding from unique data sets in …

This paper analyzes the relocations of both corporate and regional headquarters (HQ) in a
multi-country setting. On the basis of a dataset of 52 cross-border HQ relocations in Europe …

Patterns of clustering in IPO gross spreads can be identified not only in the US, but also in
many other markets across the world. The evidence indicates, however, that these clustering …

This article investigates the attitudes of 230 finance practitioners with respect to ethical
issues in their industry. The respondents' ethical ideology is first measured on the scales of …

We analyze whether European firms choose to list shares in the US to facilitate acquisitions.
Evidence from a sample of 547 European companies shows that cross‐listed firms are …

This paper examines the division of fees within the IPO underwriting syndicate using data
on 4,186 US IPOs in the 1990s. Like the 7% gross spread, the standard contract of 20% …

This paper examines the behaviour of underwriting gross spreads in European IPO markets
using a data set of 565 IPOs by European issuers in the period 1986–99. Privatisations have …

An entrepreneur's negative attitude towards debt-debt aversion-affects the financing decisions
of the businesses they run. Controlling for a range of observable traits, firms run by highly …

Exit rates provide a simple yet practical measure for evaluating and benchmarking the
performance of venture capital funds. We create a sample of 138 liquidated US venture capital …

A setting in which customer-owned mutual companies converted to publicly listed firms
created a plausibly exogenous increase in stock ownership. We use this shock to identify the …