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Market Reaction to Executive Compensation Disclosure: Evidence from the Security and Exchange Commission's 1992 Disclosure Initiatives: Author: Sullivan, Jared James Crofts; Date: 2008-05-15; Program: Applied Economics; Abstract: The SEC's disclosure initiatives passed in 1992 required increased levels of executive compensation disclosure accompanied by new formats for disclosure. I examine the market response to this new regulation at the firm level. I also test for external information spillovers. I find no evidence that the market systematically values the additional information provided by the new proxy format. I also find no evidence of new information spillovers being created by the new disclosure mandates; lending no support for proscriptive regulations....; Download File | View full details

Assessing the venture captial legacy: an investigation of post-IPO performance and impact: Author: Cochran, Andrew Carl; Date: 2009-05-15; Program: Applied Economics; Abstract: While extensive literature documents the venture capital impact around the initial public offering, little is known about the enduring effects of venture financing. This paper follows the post-IPO performance of venture-backed U.S. firms in different IPO cohorts from 1970 to 2006, and measures the duration of any venture capital advantages after the IPO. Venture capital strongly correlates with higher R&D and market-to-book ratios ("q"), and venture-backed firms grow faster and perform better particularly in high-tech industries. This apparent advantage for venture-backed firms r...; Download File | View full details