Blar i Centre for Corporate Governance Research (CCGR) på forfatter "Fjesme, Sturla Lyngnes"
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Initial Public Offering or Initial Private Placement?
Fjesme, Sturla Lyngnes; Norli, Øyvind (CCGR Working Paper;4/2011, Working paper, 2011)This paper studies the choice between an auction and a negotiation when selling a large fraction of a company. Using detailed data on ownership structure in 123 public offerings and 88 negotiated private placements, we ... -
Laddering in Initial Public Offering Allocations
Fjesme, Sturla Lyngnes (CCGR Working Paper;2/2011, Working paper, 2011)Tying Initial Public Offering (IPO) allocations of common stock to after-listing purchases in the IPO shares, a process referred to as IPO laddering, has resulted in large-scale investigations of the major investment ... -
Using Brokerage Commissions to Secure IPO Allocations
Fjesme, Sturla Lyngnes; Michaely, Roni; Norli, Øyvind (CCGR Working Paper;4/2010, Working paper, 2010)Using data, at the investor level, on the allocations of shares in initial public offerings (IPOs), we document a strong positive relationship between the amount of stock-trading commission and the number of shares an ...