The certification role of insider participation in PIPEs

Floros, Ioannis V.; Nagarajan, Nandu J.; Sivaramakrishnan, Shiva

doi:10.1007/s11156-019-00830-7

Search citation statements

Order By: Relevance

Paper Sections

Select...

Introduction1

Citation Types

Supporting

Mentioning

Contrasting

Year Published

2020

2024

Publication Types

Select...

Article6

Book1

Relationship

Self Cite0

Independent7

Authors

Journals

Cited by 16 publications

(2 citation statements)

References 25 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…However, we do not have this information. Alternatively, we use the ownership concentration of PIPE issuers, since insider participation in PIPEs is perceived positively by the market, exerting a certification effect(Floros et al, 2020). The results (untabulated) remain the same.…”

mentioning

confidence: 93%

A Global Analysis of Private Investments in Public Equity

Andriosopoulos

Panetsidou

2018

SSRN Journal

View full text Add to dashboard Cite

mentioning

confidence: 93%

A Global Analysis of Private Investments in Public Equity

Andriosopoulos

Panetsidou

2018

SSRN Journal

View full text Add to dashboard Cite

“…In addition, PIPE issuing firms have the option to negotiate directly with the purchaser, which reduces the direct offering costs (Chen, Dai and Schatzberg, 2010;Dresner and Kim, 2010). (Hertzel and Smith, 1993), the initial positive market reaction is attributed to the certification effect of informed investors participating in PIPEs (Floros, Nagarajan and Sivaramakrishnan, 2017;Hertzel and Smith, 1993) and the subsequent rise in the likelihood of an increase in firm value due to the enhanced monitoring (Barclay, Holderness and Sheehan, 2007;Dai, 2007;Wruck, 1989).…”

Section: Introductionmentioning

confidence: 99%