Università della Svizzera italiana

Corporate governance issues and performance of initial public offerings

Seistrajkova, Biljana ; Nowak, Eric (Dir.) ; Degeorge, François (Codir.) ; Habib, Michel (Codir.)

Thèse de doctorat : Università della Svizzera italiana, 2018 ; 2018ECO005.

In my PhD thesis I analyze corporate governance issues of initial public offerings and their subsequent performance. In the first chapter I find that the first-day return of newly issued subsidiary stocks (equity carve-outs) is explained by the reporting distortions in the pre-IPO period, conditioned on whether the executives and directors of the subsidiary received stock options with an...