Silvio Vismara

University of Bergamo

Associate Professor

Via Marconi 5

24044 Dalmine, Bergamo

Italy

SCHOLARLY PAPERS

43

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CITATIONS
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214

Scholarly Papers (43)

1.

Information Cascades Among Investors in Equity Crowdfunding

Number of pages: 49 Posted: 05 Apr 2015
Silvio Vismara
University of Bergamo
Downloads 1,049 (19,988)
Citation 17

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Crowdfunding, Information cascades, Crowdcube, Signaling, Entrepreneurial finance.

2.

Returns on Investments in Equity Crowdfunding

Number of pages: 43 Posted: 19 Apr 2016 Last Revised: 02 Jun 2016
Andrea Signori and Silvio Vismara
Catholic University of Milan and University of Bergamo
Downloads 1,001 (21,449)
Citation 7

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Crowdfunding, Equity Offerings, Security issuance, Private Equity; Public Equity; Entrepreneurial Finance

3.

IPO Pricing: Growth Rates Implied in Offer Prices

Number of pages: 33 Posted: 06 Mar 2008 Last Revised: 09 Apr 2010
University of Bergamo - Department of Economics and Technology Management, University of Bergamo - SIGE Sezione di Ingegneria Gestionale and University of Bergamo
Downloads 978 (22,190)
Citation 1

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Initial Public Offerings (IPOs), valuation, growth rates

4.

The Operating Performance of Initial Public Offerings: The UK Experience

Universita di Bergamo Working Paper
Number of pages: 29 Posted: 19 Nov 2003
Arif Khurshed, Stefano Paleari and Silvio Vismara
University of Manchester - Manchester Business School, Division of Accounting Finance, University of Bergamo - SIGE Sezione di Ingegneria Gestionale and University of Bergamo
Downloads 848 (27,251)
Citation 3

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Initial Public, Going public, Operating Performance

5.

Does Ownership Structure Affect Ipo Valuation?

Number of pages: 21 Posted: 05 Mar 2008
Michele Meoli, Stefano Paleari and Silvio Vismara
University of Bergamo, University of Bergamo - SIGE Sezione di Ingegneria Gestionale and University of Bergamo
Downloads 816 (28,768)
Citation 1

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Ipo, Valuation, Ownership Structure

6.

The Operating and Shareprice Performance of Initial Public Offerings: The UK Experience

Number of pages: 29 Posted: 24 May 2005
Arif Khurshed, Stefano Paleari and Silvio Vismara
University of Manchester - Manchester Business School, Division of Accounting Finance, University of Bergamo - SIGE Sezione di Ingegneria Gestionale and University of Bergamo
Downloads 694 (35,910)
Citation 6

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Initial Public Offerings (IPOs), going public, operating performance, long-run

7.

Equity Retention and Social Network Theory in Equity Crowdfunding

Number of pages: 25 Posted: 02 Sep 2015
Silvio Vismara
University of Bergamo
Downloads 572 (46,423)
Citation 4

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Equity, Crowdfunding, Signaling, Network theory, National Systems of Entrepreneurship, Entrepreneurial finance

8.

Economies of Scope and IPO Activity in Europe

Number of pages: 29 Posted: 02 Nov 2012
Jay R. Ritter, Andrea Signori and Silvio Vismara
University of Florida - Department of Finance, Insurance and Real Estate, Catholic University of Milan and University of Bergamo
Downloads 450 (62,757)

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IPOs, initial public offerings, IPO volume, trade sales, M&A, economies of scope, financial regulation, European markets

9.
Downloads 401 ( 72,110)
Citation 56

Europe's Second Markets for Small Companies

Number of pages: 49 Posted: 09 Nov 2011 Last Revised: 05 Jan 2012
Silvio Vismara, Stefano Paleari and Jay R. Ritter
University of Bergamo, University of Bergamo - SIGE Sezione di Ingegneria Gestionale and University of Florida - Department of Finance, Insurance and Real Estate
Downloads 400 (71,643)

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stock exchanges, second markets, financial regulation, IPOs, AIM, London Stock Exchange, Neuer Markt

Europe's Second Markets for Small Companies

European Financial Management, Vol. 18, Issue 3, pp. 352-388, 2012
Number of pages: 37 Posted: 19 May 2012
Silvio Vismara, Stefano Paleari and Jay R. Ritter
University of Bergamo, University of Bergamo - SIGE Sezione di Ingegneria Gestionale and University of Florida - Department of Finance, Insurance and Real Estate
Downloads 1 (680,866)
Citation 3
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stock exchanges, second markets, financial regulation, IPOs, AIM, London Stock Exchange, Neuer Markt

10.

Governmental Venture Capital for Innovative Young Firms

Journal of Technology Transfer, Forthcoming
Number of pages: 19 Posted: 26 Jul 2014 Last Revised: 20 Nov 2014
Politecnico di Milano, Florida Atlantic University and University of Bergamo
Downloads 368 (79,698)
Citation 3

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VC, GVC, intervention, entrepreneurial finance, IPOs

11.

The Geography of Initial Coin Offerings

Number of pages: 34 Posted: 23 Jul 2018
Winifred Huang, Michele Meoli and Silvio Vismara
University of Bath, University of Bergamo and University of Bergamo
Downloads 323 (92,414)
Citation 4

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Initial Coin Offerings, ICOs, Entrepreneurial Finance, Crowdfunding, Geography

12.

De-Segmenting Research in Entrepreneurial Finance

Number of pages: 18 Posted: 02 Mar 2016
Douglas J. Cumming and Silvio Vismara
Florida Atlantic University and University of Bergamo
Downloads 321 (93,034)
Citation 2

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Entrepreneurial Finance; Crowdfunding; VCs; IPOs; Equity crowdfunding; M&As

13.

A Research Journey into Entrepreneurial Finance

Number of pages: 16 Posted: 29 Feb 2016
Douglas J. Cumming and Silvio Vismara
Florida Atlantic University and University of Bergamo
Downloads 302 (99,437)
Citation 2

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Entrepreneurial Finance, IPOs, VCs, Private Equity, Crowdfunding, Equity Crowdfunding, M&As

14.

What Do Crowdfunding Platforms Do? A Comparison between Investment-Based Platforms in Europe

Number of pages: 30 Posted: 20 Jun 2017
Alice Rossi and Silvio Vismara
University of Bergamo, Students and University of Bergamo
Downloads 263 (115,286)
Citation 2

Abstract:

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crowdfunding, entrepreneurial finance, equity crowdfunding, platforms

15.

The Exit Choices of European Private Firms: A Dynamic Empirical Analysis

Number of pages: 76 Posted: 28 Nov 2014 Last Revised: 08 Mar 2019
Thomas J. Chemmanur, Andrea Signori and Silvio Vismara
Boston College - Carroll School of Management, Catholic University of Milan and University of Bergamo
Downloads 235 (129,339)
Citation 2

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Private firm exits; initial public offerings (IPOs); post-IPO acquisitions; delistings

16.

Gender in Entrepreneurial Finance: Matching Investors and Entrepreneurs in Equity Crowdfunding

Forthcoming in Albert Link, eds., "Gender and Entrepreneurial Activity", Cheltenham, UK: Edward Elgar
Number of pages: 27 Posted: 05 Sep 2016
Silvio Vismara, Davide Benaroio and Federica Carne
University of Bergamo, University of Bergamo, Students and University of Bergamo, Students
Downloads 223 (136,138)
Citation 1

Abstract:

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crowdfunding, equity crowdfunding, gender, diversity, crowdinvesting

17.

Sustainability in Equity Crowdfunding

Number of pages: 37 Posted: 12 Mar 2018
Silvio Vismara
University of Bergamo
Downloads 184 (162,925)

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Crowdfunding, Equity Crowdfunding, Sustainability, Crowdcube, Seedrs, Entrepreneurial Finance

18.

M&A Synergies and Trends in IPOs

Number of pages: 27 Posted: 12 May 2016
Andrea Signori and Silvio Vismara
Catholic University of Milan and University of Bergamo
Downloads 178 (167,868)

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IPOs, M&As, YICs, NTBFs, Relatedness, Synergies, Security issuance, Public Equity, Entrepreneurial Finance

19.

Signaling to Overcome Inefficiencies in Crowdfunding Markets

Forthcoming in Handbook of Crowdfunding. 2017. Edited by Douglas Cumming and Lars Hornuf: Palgrave
Number of pages: 26 Posted: 14 Jul 2017
Silvio Vismara
University of Bergamo
Downloads 166 (178,425)

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crowdfunding; equity crowdfunding; entrepreneurial finance; signalling

20.

The Impact of Venture Capital Monitoring in Europe

Number of pages: 29 Posted: 27 Jan 2017
Politecnico di Milano, Università Politecnica delle Marche, University of Bergamo, EMLYON Business School - Department of Economics, Finance and Control and University of Bergamo
Downloads 165 (179,349)

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Venture Capital, Monitoring, Europe, Corporate Venture Capital, Cross-Border Investments

21.

Are IPO Underwriters Paid for the Services They Provide?

Number of pages: 25 Posted: 20 Feb 2012
Michele Meoli, Andrea Signori and Silvio Vismara
University of Bergamo, Catholic University of Milan and University of Bergamo
Downloads 162 (182,139)

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IPOs, Underwriters, Investment banks, Gross spread, Price stabilization

22.

Financial Regulation and IPOs: Evidence from the History of the Italian Stock Market

Number of pages: 44 Posted: 18 Dec 2014 Last Revised: 19 Dec 2014
Mattia Cattaneo, Michele Meoli and Silvio Vismara
University of Bergamo, University of Bergamo and University of Bergamo
Downloads 141 (204,351)

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IPOs; Regulation; Survival; Investor protection; Italy

Does Equity Crowdfunding Democratize Entrepreneurial Finance?

Number of pages: 38 Posted: 24 Sep 2018
Douglas J. Cumming, Michele Meoli and Silvio Vismara
Florida Atlantic University, University of Bergamo and University of Bergamo
Downloads 74 (320,916)
Citation 1

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Does Equity Crowdfunding Democratize Entrepreneurial Finance?

Number of pages: 38 Posted: 04 Dec 2018
Douglas J. Cumming, Silvio Vismara and Michele Meoli
Florida Atlantic University, University of Bergamo and University of Bergamo
Downloads 58 (365,912)
Citation 1

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crowdfunding, equity crowdfunding, entrepreneurial finance, democratizaion, gender, geography, investment crowdfunding

24.

Motives to Invest in Initial Coin Offerings (ICOs)

Number of pages: 37 Posted: 11 Dec 2018
University of Trier - Faculty of Management, University of Trier - Faculty of Management, University of Bergamo and University of Trier - Faculty of Management
Downloads 121 (230,358)
Citation 2

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Initial coin offering (ICO), entrepreneurial finance, investment motives, distributed ledger technology (DLT), blockchain, cryptocurrency, Ethereum, factor analysis

25.

Completing the Technology Transfer Process: M&As of Science-Based IPOs

Number of pages: 29 Posted: 15 Feb 2012
Michele Meoli, Stefano Paleari and Silvio Vismara
University of Bergamo, University of Bergamo - SIGE Sezione di Ingegneria Gestionale and University of Bergamo
Downloads 119 (233,216)
Citation 1

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26.

European Initial Public Offerings

Number of pages: 11 Posted: 25 Jul 2015
Silvio Vismara
University of Bergamo
Downloads 114 (240,614)

Abstract:

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IPOs, valuation, regulation, entrepreneurial finance, crowdfunding

27.

Do Regulatory Changes Affect the Underpricing of European IPOs?

Journal of Banking and Finance, Vol. 45, No. 1, 2014
Number of pages: 54 Posted: 05 Jun 2015
Ali C. Akyol, Tommy Cooper, Michele Meoli and Silvio Vismara
University of Melbourne - Department of Finance, University of Alabama - Department of Economics, Finance and Legal Studies, University of Bergamo and University of Bergamo
Downloads 109 (248,449)

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Initial public offerings, corporate governance, regulation, asymmetric information, underpricing

28.

Changes in Underwriters’ Selection of Comparable Firms Pre- and Post-IPO: Same Bank, Same Company, Different Peers

Number of pages: 35 Posted: 18 Dec 2014
Silvio Vismara, Andrea Signori and Stefano Paleari
University of Bergamo, Catholic University of Milan and University of Bergamo - SIGE Sezione di Ingegneria Gestionale
Downloads 100 (263,614)

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Initial Public Offerings, valuation, underwriters, analyst, comparables

29.

Stock-Financed M&As of Newly Listed Firms

Number of pages: 36 Posted: 06 Dec 2015
Andrea Signori and Silvio Vismara
Catholic University of Milan and University of Bergamo
Downloads 96 (270,710)
Citation 2

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Mergers & Acquisitions, M&As, IPOs, liquidity, method of payment

30.

Signalling in Science-Based IPOs: The Combined Effect of Affiliation with Prestigious Universities, Underwriters, and Venture Capitalists

Number of pages: 54 Posted: 30 Jun 2016
Massimo G. Colombo, Michele Meoli and Silvio Vismara
Politecnico di Milano, University of Bergamo and University of Bergamo
Downloads 89 (284,188)
Citation 4

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IPO, signalling, valuation, underwriter, venture capitalist, academic entrepreneurship, spinoff

31.

What Happens After a Crowdfunding Campaign?

Forthcoming chapter in the Handbook of Research on Crowdfunding (Edited by Annaleena Parhankangas, Colin Mason & Hans Landström).
Number of pages: 28 Posted: 16 Jan 2019
Ghent University, University of Bergamo and Ghent University-Universiteit Gent - Faculty of Economics and Business Administration
Downloads 69 (330,079)

Abstract:

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equity crowdfunding

32.

Crowdfunding in Healthcare

Number of pages: 24 Posted: 28 Feb 2018
Gaia Bassani, Nicoletta Marinelli and Silvio Vismara
University of Bergamo - Department of Law, University of Macerata - Department of Economics and Law and University of Bergamo
Downloads 68 (332,738)

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Crowdfunding, Healthcare, Entrepreneurial finance, Medicine, Policy

33.

Investors’ Choices Between Cash and Voting Rights: Evidence from Dual-Class Equity Crowdfunding

Research Policy, Forthcoming
Number of pages: 66 Posted: 05 Apr 2019 Last Revised: 07 Apr 2019
Douglas J. Cumming, Michele Meoli and Silvio Vismara
Florida Atlantic University, University of Bergamo and University of Bergamo
Downloads 36 (438,349)

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Equity Crowdfunding, Crowdfunding, Corporate Governance, Entrepreneurial Finance, Voting Rights, Ownership and Control

34.

Voting Rights Delivery in Investment-Based Crowdfunding: A Cross-Platform Analysis

Number of pages: 38 Posted: 12 Nov 2018
Alice Rossi, Silvio Vismara and Michele Meoli
University of Bergamo, University of Bergamo and University of Bergamo
Downloads 29 (469,674)

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crowdfunding, corporate governance, equity crowdfunding, investment crowdfunding, entrepre-neurial finance

35.

An Equity Crowdfunding Research Agenda: Evidence From Stakeholder Participation in the Rulemaking Process

Cummings, M.E., Rawhouser, H., Vismara, S. et al. Small Bus Econ (2019). DOI: 10.1007/s11187-018-00134-5
Number of pages: 44 Posted: 07 Jan 2019 Last Revised: 14 Jan 2019
University of Arkansas - Sam M. Walton College of Business, Lee Business School - University of Nevada Las Vegas, University of Bergamo and University of Nevada, Las Vegas
Downloads 18 (530,762)

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crowdfunding, equity crowdfunding, entrepreneurial finance, regulation, qualitative content analysis

36.

Confidence and Capital Raising

Number of pages: 44 Posted: 02 Aug 2019
Winifred Huang, Silvio Vismara and Xingjie Wei
University of Bath, University of Bergamo and University of Leeds - Leeds University Business School (LUBS)
Downloads 17 (536,611)

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Capital raising, confidence, initial coin offerings, ICOs, alternative finance

37.

Valuation Accuracy and Infinity Horizon Forecast: Empirical Evidence from Europe

Journal of International Financial Management & Accounting, Vol. 20, Issue 2, pp. 135-165, Summer 2009
Number of pages: 31 Posted: 27 Apr 2009
Lucio Cassia and Silvio Vismara
University of Bergamo - SIGE Sezione di Ingegneria Gestionale and University of Bergamo
Downloads 4 (618,203)
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38.

Valuing University‐Based Firms: The Effects of Academic Affiliation on IPO Performance

Entrepreneurship Theory and Practice, Vol. 35, Issue 4, pp. 755-776, 2011
Number of pages: 22 Posted: 14 Jul 2011
Damiano Bonardo, Stefano Paleari and Silvio Vismara
affiliation not provided to SSRN, University of Bergamo - SIGE Sezione di Ingegneria Gestionale and University of Bergamo
Downloads 3 (626,208)
Citation 1
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39.

Can Spending Time in the Minors Pay Off? An Examination of the Canadian Junior Public Equity Markets

Journal of Small Business Management, Vol. 56, pp. 88-107, 2018
Number of pages: 20 Posted: 30 Mar 2018
University of Bergamo, University of Calgary - Haskayne School of Business, University of Calgary - Haskayne School of Business and University of Bergamo
Downloads 1 (648,637)
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40.

The Board Value Protection Function in Young, Mature and Family Firms

British Journal of Management, Vol. 30, Issue 2, pp. 437-458, 2019
Number of pages: 22 Posted: 11 May 2019
Marcel Hülsbeck, Michele Meoli and Silvio Vismara
University of Augsburg - Faculty of Business and Economics, University of Bergamo and University of Bergamo
Downloads 0 (666,530)
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The Effects of the Specialization of Private Equity Firms on Their Exit Strategy

Journal of Business Finance & Accounting, Vol. 43, Issue 9-10, pp. 1420-1443, 2016
Number of pages: 24 Posted: 10 Nov 2016
Aarhus University - School of Business and Social Sciences, University of Bergamo - Department of Economics, University of Bergamo and University of Bergamo
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private equity, exit strategy, specialization, LBOs, competing risks

The Effects of the Specialization of Private Equity Firms on Their Exit Strategy

Journal of Business Finance and Accounting (Forthcoming)
Posted: 22 Oct 2016
Aarhus University - School of Business and Social Sciences, University of Bergamo - Department of Economics, University of Bergamo and University of Bergamo

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Private Equity, Exit Strategy, Specialization, LBOs, Competing Risks

42.

Ranking Underwriters of European IPOs

European Financial Management, Vol. 20, Issue 5, pp. 891-925, 2014
Number of pages: 35 Posted: 31 Oct 2014
Katrin Migliorati and Silvio Vismara
University of Bergamo and University of Bergamo
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IPOs, underwriters, underpricing, AIM

43.

Board Independence, Ownership Structure and the Valuation of IPOs in Continental Europe

Corporate Governance: An International Review, Vol. 22, Issue 2, pp. 116-131, 2014
Number of pages: 16 Posted: 08 Mar 2014
Fabio Bertoni, Michele Meoli and Silvio Vismara
EM Lyon (Ecole de Management de Lyon) - Department of Economics, Finance, Control, University of Bergamo and University of Bergamo
Downloads 0 (666,530)
Citation 1
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Corporate Governance, Board Composition, Shareholder Value, Agency Theory, Resource Dependence Theory