This paper attempts to fulfil the great need for the Canadian evidence on long-run performance
of initial public offerings (IPOs). We examine the performance for up to 5 years after …

This paper investigates business angel group members' decision-making from project
submission to the final decision. Using a Canadian group's archival data on 636 proposals, we …

This paper tests the Fama-French three-factor pricing model augmented by a momentum
factor on the Canadian stock market. Using Fama-French’s methodology to construct the risk …

This paper examines the benefits of portfolio investment in the stock markets of politically
risky countries by evaluating the effects of political risk constraints on the performance of a …

We analyze the survival and success of a large sample of Canadian penny stock initial public
offerings (IPOs), launched mostly by small and unprofitable firms from 1986 to 2003. The …

In Canada, a venture stock market lists microcap firms at a pre-revenue stage, and competes
with both formal and informal venture capital (VC). This market provides a higher rate of …

We analyze the stock market reaction to 161 major environmental and non-environmental
accidents, reported on the front page of the New York Times for half a century. To determine if …

We analyze the economic consequences of disclosure and regulation within a context of
significant information asymmetry and lenient regulation. In Canada, firms can enter the stock …

This research note analyses the investment harvest expectations of a large Canadian angel
group. These angels co-finance large high-tech deals; on average, greater than CAN$1.2m. …

To determine if institutional investors act more rationally than individual investors, we examine
the stock market price drop following 173 major industrial accidents from 1959 to 2017. In …