International Journal of Managerial Finance: Volume 4 Issue 2

Ownership structure and underwriter spread: evidence from Japanese IPO firms

Katsushi Suzuki

The purpose of this paper is to empirically examine the relationship between the level of underwriter spread and ownership structure by using data from Japanese IPO firms that are…

The initial and long‐run returns of Japanese venture capital‐backed and non‐venture capital‐backed IPOs

Berna Kirkulak

The purpose of this paper is to examine initial and long‐run returns of Japanese IPOs in particular venture capital (VC)‐backed and non‐VC‐backed. The main research focus is on…

Do general indexes mask sectoral efficiencies?: A multiple variance ratio assessment of Middle Eastern equity markets

Hicham Benjelloun, Jay Squalli

The purpose of the paper is to attempt to shed light on whether the use of general indexes may mask sectoral efficiencies by investigating the random walk (RW) and weak‐form…

Firms as credit suppliers: an empirical study of Spanish firms

Olga María Rodríguez‐Rodríguez

The purposes of the study are to: contribute evidence on the role played by ordinary commercial firms in providing finance to other firms by granting trade credit to customers;…