• British IPO directors, 1891-1911 

      Fjesme, Sturla Lyngnes; Galpin, Neal; Moore, Lyndon (Business History;, Journal article; Peer reviewed, 2019-05-24)
      Company directors in Victorian Britain have a somewhat dubious reputation. There are claims that directors had little business experience with the directorships obtained mainly via social connections. However, a little ...
    • An Efficient Market? Going Public in London, 1891-1911 

      Fjesme, Sturla; Galpin, Neal; Moore, Lyndon (The Economic History Review;Volume 72, Issue 3, August 2019, Journal article; Peer reviewed, 2018-09-11)
      There have been claims that British capital was not well deployed in Victorian Britain. There was, allegedly, a lack of support for new and dynamic companies in comparison to the situation in Germany and the United States. ...
    • Initial public offering price support and ownership structures 

      Fjesme, Sturla (Beta: Scandinavian Journal of Business Research;Volume 31, issue 2, Journal article; Peer reviewed, 2017-11-16)
      Shares sold through Initial Public Offerings (IPOs) are often underpriced and therefore very popular investment objects. Fjesme (2016) documents that the allocating investment bank requires certain larger investors in ...
    • When do Investment Banks use IPO Price Support? 

      Fjesme, Sturla (European Financial Management;Volume 25, Issue 3, June 2019, Journal article; Peer reviewed, 2018-01-27)
      Practitioners, regulators, and the financial media argue that underwriters tie initial public offering (IPO) allocations to investor post-listing buying of the issuer shares in a process labelled price support. Arguably, ...