Sökning: "Lockup length"

Hittade 3 uppsatser innehållade orden Lockup length.

  1. 1. Lockup expiration after IPO : Potentially abnormal returns on the Swedish Stock Exchange?

    Master-uppsats, Uppsala universitet/Företagsekonomiska institutionen

    Författare :Timothy Flysjö; Filip Daberius; [2023]
    Nyckelord :Initial Public Offering; IPO; Lockup agreements; Abnormal returns; Lockup length; Private equity; Staggered Lockups; Event Study;

    Sammanfattning : We examine 102 share lockup agreements following IPOs on the Swedish stock market and whether any abnormal returns exist in the days surrounding the expiration of lockup agreements. We also test three potential explanatory variables based on previous research, the length of the lockup agreement, the type of pre-IPO ownership for the firm (if it is backed by private equity or not), and if the lockup has multiple expiration dates (staggered lockup) or only one. LÄS MER

  3. 2. IPOs & Lockup Length: Can information asymmetry and moral hazard explain lockup length?

    C-uppsats, Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Författare :Johan Rudengren; Jakob Sollbe; [2020]
    Nyckelord :Initial Public Offerings; Lockup length; Information asymmetry; Moral hazard;

    Sammanfattning : In this paper we examine the determinants of IPO lockup length. The focus is primarily on moral hazard and information asymmetry. We find support for moral hazard as a driver of lockup length, but not for information asymmetry. The research is based on Swedish data and then compared to results from research done on US and UK data. LÄS MER

  4. 3. Retention of Equity: Can It Mitigate the Hidden Costs in Initial Public Offerings?

    C-uppsats, Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Författare :Sara Engström; Maja Ängerud; [2019]
    Nyckelord :IPO; Lockup Agreement; Long-Term Performance; Moral Hazard; Asymmetric Information;

    Sammanfattning : It has been argued that the reason to include lockup agreements when going public is to alleviate the inefficiencies inherent to the IPO market. The hidden costs of asymmetric information and moral hazard have been proposed as the driver of the lockup length as well as the reason for the poor long-term performance of IPOs. LÄS MER