Douglas J. Cumming

Florida Atlantic University

DeSantis Distinguished Professor of Finance and Entrepreneurship

777 Glades Rd

Boca Raton, FL 33431

United States

http://sites.google.com/view/douglascumming/bio?authuser=0

SCHOLARLY PAPERS

246

DOWNLOADS
Rank 73

SSRN RANKINGS

Top 73

in Total Papers Downloads

130,311

SSRN CITATIONS
Rank 281

SSRN RANKINGS

Top 281

in Total Papers Citations

1,097

CROSSREF CITATIONS

1,842

Ideas:
“  I’m currently working on crowdfunding, entrepreneurship, entrepreneurial finance, venture capital, private equity, hedge funds, securities regulation, and various topics in law and finance.  ”

Scholarly Papers (246)

1.
Downloads 5,129 ( 2,403)
Citation 79

Signaling in Equity Crowdfunding

Number of pages: 49 Posted: 15 Oct 2012 Last Revised: 05 Oct 2014
A.T. Kearney GmbH, Florida Atlantic University, Max Planck Society for the Advancement of the Sciences - Max Planck Institute for Economics and Concordia University
Downloads 3,959 (3,684)
Citation 43

Abstract:

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Entrepreneurial Finance, (Equity) Crowdfunding, Micro Lending, Internet, Signaling

Signaling in Equity Crowdfunding

Entrepreneurship Theory and Practice, Forthcoming
Number of pages: 45 Posted: 14 Feb 2015
A.T. Kearney GmbH, Florida Atlantic University, Max Planck Society for the Advancement of the Sciences - Max Planck Institute for Economics and Concordia University
Downloads 1,170 (25,687)
Citation 33

Abstract:

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Equity Crowdfunding, Entrepreneurial Finance, Entrepreneurship, Signaling

2.

Crowdfunding Models: Keep-It-All vs. All-Or-Nothing

Forthcoming, Financial Management
Number of pages: 46 Posted: 11 Jun 2014 Last Revised: 23 Dec 2019
Douglas J. Cumming, Gaël Leboeuf and Armin Schwienbacher
Florida Atlantic University, CERGAM - Aix-Marseille University and SKEMA Business School
Downloads 4,336 (3,213)
Citation 101

Abstract:

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Crowdfunding, Internet, Signaling

3.
Downloads 3,808 ( 4,008)
Citation 97

Private Equity Returns and Disclosure Around the World

EFA 2004 Maastricht, EEA 2004 Madrid, EFM 2005 Madrid, Journal of International Business Studies, forthcoming 2009
Number of pages: 43 Posted: 05 Mar 2004 Last Revised: 08 Sep 2016
Douglas J. Cumming and Uwe Walz
Florida Atlantic University and Goethe University Frankfurt - Institute of Economics
Downloads 3,243 (5,190)
Citation 17

Abstract:

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International Financial Reporting, Private Equity and Portfolio Diversification, Venture Capital

Private Equity Returns and Disclosure Around the World

Journal of International Business Studies, 2009, EFA 2004 MAASTRICHT, European Economic Association (EEA), 2004
Number of pages: 43 Posted: 06 Apr 2009 Last Revised: 15 Apr 2009
Douglas J. Cumming and Uwe Walz
Florida Atlantic University and Goethe University Frankfurt - Institute of Economics
Downloads 565 (69,291)
Citation 10

Abstract:

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International Financial Reporting, Private Equity and Portfolio Diversification, Venture Capital

Contracts and Exits in Venture Capital Finance

AFA 2003 Washington, DC Meetings, The Review of Financial Studies, Vol. 21, Issue 5, pp. 1947-1982, 2008
Number of pages: 39 Posted: 22 Mar 2002 Last Revised: 13 Oct 2008
Douglas J. Cumming
Florida Atlantic University
Downloads 3,528 (4,475)
Citation 92

Abstract:

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Venture Capital, Financial Contracting, Exit, IPO, Acquisition

Contracts and Exits in Venture Capital Finance

The Review of Financial Studies, Vol. 21, Issue 5, pp. 1947-1982, 2008
Posted: 19 Sep 2008
Douglas J. Cumming
Florida Atlantic University

Abstract:

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G24, G32, G33, G34

A Cross-Country Comparison of Full and Partial Venture Capital Exits

Journal of Banking and Finance, Vol. 27, No. 3, pp. 511-548, 2003
Number of pages: 47 Posted: 09 May 2001
Douglas J. Cumming and Jeffrey G. MacIntosh
Florida Atlantic University and University of Toronto - Faculty of Law
Downloads 3,240 (5,196)
Citation 18

Abstract:

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Venture capital, Exit strategy, Regulation

A Cross-Country Comparison of Full and Partial Venture Capital Exits

Posted: 17 Nov 2004
Jeffrey G. MacIntosh and Douglas J. Cumming
University of Toronto - Faculty of Law and Florida Atlantic University

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6.

Private Equity, Leveraged Buyouts and Governance

Journal of Corporate Finance, Vol. 13, pp. 439-460
Number of pages: 43 Posted: 02 May 2007 Last Revised: 10 Sep 2008
Douglas J. Cumming, Mike Wright and Donald S. Siegel
Florida Atlantic University, Nottingham University Business School and Arizona State University-School of Public Affairs
Downloads 3,087 (5,735)
Citation 6

Abstract:

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management buyouts, private equity, total factor productivity, financial and real returns, corporate governance

Adverse Selection and Capital Structure: Evidence from Venture Capital

Entrepreneurship Theory and Practice, Vol. 30, pp. 155-184, 2006
Number of pages: 35 Posted: 14 Mar 2001 Last Revised: 10 Sep 2008
Douglas J. Cumming
Florida Atlantic University
Downloads 3,032 (5,818)
Citation 6

Abstract:

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Financial contracting, capital structure, adverse selection, entrepreneurship, venture capital

Adverse Selection and Capital Structure: Evidence from Venture Capital

Entrepreneurship Theory and Practice, Vol. 30, pp. 155-184, 2006
Posted: 09 Jun 2005 Last Revised: 10 Sep 2008
Douglas J. Cumming
Florida Atlantic University

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Capital structure, adverse selection, venture capital, syndication

8.
Downloads 2,523 ( 7,919)
Citation 3

Capital Structure in Venture Finance

Journal of Corporate Finance, Vol. 11, pp. 550-585, 2005
Number of pages: 38 Posted: 31 Mar 2000
Douglas J. Cumming
Florida Atlantic University
Downloads 2,523 (7,790)
Citation 3

Abstract:

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Venture capital, capital structure, financial contracting

Capital Structure in Venture Finance

Posted: 13 May 2004
Douglas J. Cumming
Florida Atlantic University

Abstract:

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Venture Capital, Capital Structure, Financial Contracting

The Determinants of Venture Capital Portfolio Size: Empirical Evidence

Journal of Business, Vol. 79, pp. 1083-1126, 2006
Number of pages: 47 Posted: 05 Nov 2001
Douglas J. Cumming
Florida Atlantic University
Downloads 2,270 (9,162)
Citation 12

Abstract:

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Venture Capital Portfolio, Returns to Scale, Entrepreneurship

The Determinants of Venture Capital Portfolio Size: Empirical Evidence

Journal of Business, Vol. 79, pp. 1083-1126
Posted: 08 May 2004 Last Revised: 11 Sep 2008
Douglas J. Cumming
Florida Atlantic University

Abstract:

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Venture capital portfolio, returns to scale, entrepreneurship

The Determinants of Venture Capital Portfolio Size: Empirical Evidence

University of Illinois at Urbana-Champaign's Academy for Entrepreneurial Leadership Historical Research Reference in Entrepreneurship
Posted: 09 Nov 2009
Douglas J. Cumming
Florida Atlantic University

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Business conditions, Business assistance programs, Private financing, Corporate ventures, Venture capital, Firm financing, Venture capital portfolios, Firm characteristics

10.

Venture Capital Exits in Canada and the United States

Number of pages: 109 Posted: 24 Oct 2002
Jeffrey G. MacIntosh and Douglas J. Cumming
University of Toronto - Faculty of Law and Florida Atlantic University
Downloads 2,158 (10,179)
Citation 13

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11.
Downloads 2,063 ( 10,981)
Citation 6

Fintech Venture Capital

Forthcoming, Corporate Governance: An International Review
Number of pages: 40 Posted: 27 May 2016 Last Revised: 23 Dec 2019
Douglas J. Cumming and Armin Schwienbacher
Florida Atlantic University and SKEMA Business School
Downloads 2,060 (10,781)
Citation 12

Abstract:

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International Venture Capital, Fintech, Governance, Financial Regulation, Regulatory Arbitrage

Fintech Venture Capital

Corporate Governance: An International Review, Vol. 26, Issue 5, pp. 374-389, 2018
Number of pages: 16 Posted: 03 Oct 2018
Douglas J. Cumming and Armin Schwienbacher
Florida Atlantic University and SKEMA Business School
Downloads 3 (922,049)

Abstract:

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Corporate Governance, International Venture Capital, Fintech, Financial Regulation, Regulatory Arbitrage

12.
Downloads 2,018 ( 11,416)
Citation 62

Bankruptcy Law and Entrepreneurship

ECGI - Law Working Paper No. 105/2008, American Law and Economics Review, Forthcoming, University of Cambridge Centre for Business Research Working Paper No. 300
Number of pages: 41 Posted: 27 Jul 2005 Last Revised: 10 Sep 2008
John Armour and Douglas J. Cumming
University of Oxford - Faculty of Law and Florida Atlantic University
Downloads 1,876 (12,554)
Citation 10

Abstract:

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Personal Bankruptcy Law, Entrepreneurship

Bankruptcy Law and Entrepreneurship

American Law and Economics Review, Vol. 10, Issue 2, pp. 303-350, 2008
Number of pages: 46 Posted: 31 Dec 2008 Last Revised: 31 Oct 2012
John Armour and Douglas J. Cumming
University of Oxford - Faculty of Law and Florida Atlantic University
Downloads 142 (289,055)
Citation 13

Abstract:

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K35, M13

Strategic Asset Allocation and the Role of Alternative Investments

Number of pages: 43 Posted: 20 Mar 2008 Last Revised: 14 May 2011
Florida Atlantic University, University of Iowa - Henry B. Tippie College of BusinessLancaster University - Lancaster University Management School and Concordia University
Downloads 1,822 (13,162)

Abstract:

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Alternative Investments, Asset Allocation, Asset Backed Securities, Buy Out, Commodities, Hedge Fund, Higher Moments, Private Equity, REITs, Venture Capital

Strategic Asset Allocation and the Role of Alternative Investments

European Financial Management, Forthcoming
Number of pages: 40 Posted: 29 May 2012
Florida Atlantic University, University of Iowa - Henry B. Tippie College of BusinessLancaster University - Lancaster University Management School and Concordia University
Downloads 173 (244,106)

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alternative investments, higher moments, strategic asset allocation

Strategic Asset Allocation and the Role of Alternative Investments

European Financial Management, Vol. 20, Issue 3, pp. 521-547, 2014
Number of pages: 27 Posted: 18 Jun 2014
Florida Atlantic University, University of Iowa - Henry B. Tippie College of BusinessLancaster University - Lancaster University Management School and Concordia University
Downloads 6 (882,498)
Citation 1

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alternative investments, higher moments, strategic asset allocation

Capital-Market Effects of Securities Regulation: Prior Conditions, Implementation, and Enforcement Revisited

Number of pages: 20 Posted: 29 Dec 2017 Last Revised: 03 Feb 2018
Douglas J. Cumming and Sofia Johan
Florida Atlantic University and Florida Atlantic University - Finance
Downloads 1,520 (17,368)
Citation 5

Abstract:

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Securities Regulation, Market Manipulation, Liquidity, Insider Trading, Broker-Agency Conflict, Law And Finance

Capital-Market Effects of Securities Regulation: Prior Conditions, Implementation, and Enforcement Revisited

Finance Research Letters, Forthcoming
Number of pages: 21 Posted: 29 Jan 2019
Douglas J. Cumming and Sofia Johan
Florida Atlantic University and Florida Atlantic University - Finance
Downloads 446 (92,584)

Abstract:

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Securities Regulation, Market Manipulation, Liquidity, Insider Trading, Broker-Agency Conflict, Law and Finance

15.

Signaling in Equity Crowdfunding

Number of pages: 45 Posted: 04 Dec 2013 Last Revised: 22 Nov 2014
A.T. Kearney GmbH, Florida Atlantic University, Max Planck Society for the Advancement of the Sciences - Max Planck Institute for Economics and Concordia University
Downloads 1,828 (13,310)
Citation 14

Abstract:

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Entrepreneurial Finance, (Equity) Crowdfunding, Micro Lending, Internet, Signaling

16.
Downloads 1,638 ( 15,809)
Citation 6

Creditor Rights and LBOs

5th Annual Conference on Empirical Legal Studies Paper
Number of pages: 39 Posted: 23 Jan 2008 Last Revised: 17 Oct 2014
Jerry Cao, Douglas J. Cumming, Meijun Qian and Xiaoming Wang
Independent, Florida Atlantic University, Australian National University (ANU) - College of Business and Economics and affiliation not provided to SSRN
Downloads 862 (39,784)
Citation 9

Abstract:

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LBOs, Creditor rights, Private Equity, Cross border, Club deal, Law and Finance

The Impact of Investor Protection Law on Takeovers: The Case of Leveraged Buyouts

Number of pages: 38 Posted: 05 Mar 2008 Last Revised: 22 Oct 2014
Jerry Cao, Douglas J. Cumming, Jeremy Goh, Meijun Qian and Xiaoming Wang
Independent, Florida Atlantic University, Singapore Management University - Lee Kong Chian School of Business, Australian National University (ANU) - College of Business and Economics and Shanghai University of Finance and Economics
Downloads 776 (45,753)
Citation 3

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Private Equity, Leveraged Buyouts, Premium, M&A

17.

A Law and Finance Analysis of Hedge Funds

Financial Management, Forthcoming
Number of pages: 54 Posted: 21 Feb 2007 Last Revised: 10 Nov 2009
Douglas J. Cumming and Na Dai
Florida Atlantic University and SUNY at Albany - School of Business
Downloads 1,633 (15,867)

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Hedge Funds, Regulation, Law and Finance

18.
Downloads 1,610 ( 16,203)

Legality and Venture Capital Exits

Journal of Corporate Finance, Vol. 12, pp. 214-245, 2006
Number of pages: 38 Posted: 28 Oct 2002 Last Revised: 10 Sep 2008
Grant Fleming, Armin Schwienbacher and Douglas J. Cumming
Continuity Capital Partners, SKEMA Business School and Florida Atlantic University
Downloads 1,610 (15,921)
Citation 32

Abstract:

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Venture Capital, Exits, IPO, Acquisition, Law and Finance

Legality and Venture Capital Exits

Journal of Corporate Finance, Vol. 12, pp. 214-245, 2006
Posted: 30 Dec 2004 Last Revised: 10 Sep 2008
Armin Schwienbacher, Grant Fleming and Douglas J. Cumming
SKEMA Business School, Continuity Capital Partners and Florida Atlantic University

Abstract:

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Venture capital, exits, IPO, acquisition, law and finance

Legality and Venture Capital Exits

University of Illinois at Urbana-Champaign's Academy for Entrepreneurial Leadership Historical Research Reference in Entrepreneurship
Posted: 09 Nov 2009
Douglas J. Cumming, Grant Fleming and Armin Schwienbacher
Florida Atlantic University, Continuity Capital Partners and SKEMA Business School

Abstract:

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Legal systems, Stock markets, Law, Financing, Venture capital, Exit strategies, Initial public offerings (IPO)

19.

Does FinTech Compete with or Complement Bank Finance?

Number of pages: 38 Posted: 03 Jan 2019 Last Revised: 05 Sep 2019
Rebel A. Cole, Douglas J. Cumming and Jon Taylor
Florida Atlantic University, Florida Atlantic University and Federal Reserve Banks - Federal Reserve Bank of St. Louis
Downloads 1,559 (17,054)
Citation 8

Abstract:

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Banks, Bank Loans, Bank Failure, Crowdfunding, FinTech

20.
Downloads 1,559 ( 17,054)
Citation 17

High Frequency Trading and End-of-Day Price Dislocation

Number of pages: 52 Posted: 12 Sep 2012 Last Revised: 22 Nov 2013
Douglas J. Cumming, Feng Zhan and Michael J. Aitken
Florida Atlantic University, University of Western Ontario and Macquarie Graduate School of Management
Downloads 1,324 (21,404)
Citation 10

Abstract:

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High frequency trading, End-of-day price dislocation, Manipulation, Trading rules, Surveillance, Law and finance

High Frequency Trading and End-of-Day Price Dislocation

Journal of Banking and Finance, Forthcoming
Number of pages: 52 Posted: 12 Jun 2015
Michael J. Aitken, Douglas J. Cumming and Feng Zhan
Macquarie Graduate School of Management, Florida Atlantic University and University of Western Ontario
Downloads 235 (184,366)
Citation 8

Abstract:

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High frequency trading, Price dislocation, Manipulation

21.

The Size of Venture Capital and Private Equity Fund Portfolios

Journal of Corporate Finance, Vol. 13, pp. 564-590, 2007
Number of pages: 55 Posted: 22 Nov 2006 Last Revised: 12 Nov 2013
Gennaro (帅纳) Bernile, Douglas J. Cumming and Evgeny Lyandres
University of Miami - Department of Finance, Florida Atlantic University and Tel Aviv University
Downloads 1,541 (17,343)
Citation 2

Abstract:

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22.

Disentangling Crowdfunding from Fraudfunding

Max Planck Institute for Innovation & Competition Research Paper No. 16-09
Number of pages: 86 Posted: 26 Aug 2016 Last Revised: 18 Nov 2020
Douglas J. Cumming, Lars Hornuf, Moein Karami and Denis Schweizer
Florida Atlantic University, University of Bremen - Faculty of Business Studies and Economics, Concordia University and Concordia University
Downloads 1,482 (18,382)
Citation 31

Abstract:

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Crowdfunding, Entrepreneurial Finance, Fraud, Internet

The Economic Impact of Entrepreneurship: Comparing International Datasets

Corporate Governance: An International Review,Forthcoming
Number of pages: 41 Posted: 09 May 2013 Last Revised: 06 Jan 2014
Douglas J. Cumming, Sofia Johan and Minjie Zhang
Florida Atlantic University, Florida Atlantic University - Finance and Odette School of Business - University of Windsor
Downloads 1,347 (20,886)

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Entrepreneurship, Law and Economics, Credit, Governance and Risk-Taking, Uncertainty Avoidance, Culture, Exports, Unemployment, Patents, Venture Capital

The Economic Impact of Entrepreneurship: Comparing International Datasets

Corporate Governance: An International Review, Forthcoming
Number of pages: 41 Posted: 04 Jan 2014
Douglas J. Cumming, Sofia Johan and Minjie Zhang
Florida Atlantic University, Florida Atlantic University - Finance and Odette School of Business - University of Windsor
Downloads 71 (460,172)
Citation 1

Abstract:

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Entrepreneurship, Law and Economics, Credit, Governance and Risk-Taking, Uncertainty Avoidance, Culture, Exports, Unemployment, Patents, Venture Capital

The Economic Impact of Entrepreneurship: Comparing International Datasets

Corporate Governance: An International Review, Vol. 22, Issue 2, pp. 162-178, 2014
Number of pages: 17 Posted: 08 Mar 2014
Douglas J. Cumming, Sofia Johan and Minjie Zhang
Florida Atlantic University, Florida Atlantic University - Finance and Odette School of Business - University of Windsor
Downloads 3 (922,049)
Citation 3

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Corporate Governance, Law and Entrepreneurship, Unemployment, Patents, Venture Capital

Agency Costs, Institutions, Learning and Taxation in Venture Capital Contracting

Journal of Business Venturing, Vol. 20, pp. 573-622, 2005
Number of pages: 59 Posted: 14 Nov 2000
Douglas J. Cumming
Florida Atlantic University
Downloads 1,330 (21,272)
Citation 11

Abstract:

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Venture capital, capital structure, financial contracts, regulation

Agency Costs, Institutions, Learning and Taxation in Venture Capital Contracting

Posted: 03 Nov 2004
Douglas J. Cumming
Florida Atlantic University

Abstract:

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Venture Capital, Financial Contracts, Regulation

Agency Costs, Institutions, Learning, and Taxation in Venture Capital Contracting

University of Illinois at Urbana-Champaign's Academy for Entrepreneurial Leadership Historical Research Reference in Entrepreneurship
Posted: 10 Nov 2009
Douglas J. Cumming
Florida Atlantic University

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Ownership structures, Debt financing, Equity financing, Financing, Moral hazard problem, Startups, Venture capital

25.

The Fast Track IPO – Success Factors for Taking Firms Public with SPACs

Journal of Banking and Finance, Forthcoming
Number of pages: 51 Posted: 11 Sep 2012 Last Revised: 06 Jul 2014
Florida Atlantic University, University of Iowa - Henry B. Tippie College of BusinessLancaster University - Lancaster University Management School and Concordia University
Downloads 1,310 (22,125)
Citation 10

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Alternative Asset, Reverse Merger, Shell Company, Special Purpose Acquisition Company (SPAC)

The Value of Capital Market Regulation: IPOs versus Reverse Mergers

Number of pages: 49 Posted: 11 Mar 2009 Last Revised: 01 Dec 2010
Cécile Carpentier, Douglas J. Cumming and Jean-Marc Suret
Laval University, Florida Atlantic University and Laval University
Downloads 966 (33,907)
Citation 3

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Disclosure, Securities Regulation, Initial Public Offerings, Reverse Mergers, Listing Standards

The Value of Capital Market Regulation: IPOs versus Reverse Mergers

Journal of Empirical Legal Studies, 9 (1) 2012: 56-91.
Number of pages: 49 Posted: 29 Mar 2011 Last Revised: 13 Apr 2012
Cécile Carpentier, Douglas J. Cumming and Jean-Marc Suret
Laval University, Florida Atlantic University and Laval University
Downloads 291 (148,870)

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Disclosure, Securities Regulation, Listing Standards, Initial Public Offerings, Reverse Mergers

27.

The Extent of Venture Capital Exits: Evidence from Canada and the United States

VENTURE CAPITAL CONTRACTING AND THE VALUATION OF HIGH TECHNOLOGY FIRMS, L.D.R. Renneboog and J. McCahery, eds., Chapter 15, Oxford University Press, 2004, U Toronto, Legal Studies Research Paper No. 01-03
Number of pages: 43 Posted: 18 Dec 2000
Douglas J. Cumming and Jeffrey G. MacIntosh
Florida Atlantic University and University of Toronto - Faculty of Law
Downloads 1,224 (24,474)
Citation 2

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Venture Capital, Exits, IPO, Acquisition, Secondary Sale, Buyback, Write-off

28.
Downloads 1,170 ( 26,127)
Citation 28

Gender Diversity and Securities Fraud

Number of pages: 66 Posted: 24 Jul 2014
Douglas J. Cumming, T.Y. Leung, Oliver M. Rui and Oliver M. Rui
Florida Atlantic University, Hong Kong Shue Yan College and China Europe International Business School (CEIBS)affiliation not provided to SSRN
Downloads 459 (89,508)
Citation 24

Abstract:

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corporate governance; ethical sensitivity; fraud; gender diversity; risk aversion

Gender Diversity and Securities Fraud

Number of pages: 62 Posted: 02 Oct 2012 Last Revised: 21 Nov 2014
Douglas J. Cumming, Tak Yan Leung, Oliver M. Rui and Oliver M. Rui
Florida Atlantic University, City University of Hong Kong (CityU) - Department of Accountancy and China Europe International Business School (CEIBS)affiliation not provided to SSRN
Downloads 382 (110,772)
Citation 7

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corporate governance, ethical sensitivity, fraud, gender diversity, risk aversion

Gender Diversity and Securities Fraud

Academy of Management Journal, Forthcoming
Number of pages: 46 Posted: 11 Feb 2015 Last Revised: 13 Feb 2015
Douglas J. Cumming, Tak Yan Leung, Oliver M. Rui and Oliver M. Rui
Florida Atlantic University, City University of Hong Kong (CityU) - Department of Accountancy and China Europe International Business School (CEIBS)affiliation not provided to SSRN
Downloads 329 (130,829)

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corporate governance, ethical sensitivity, fraud, gender diversity, risk aversion

29.
Downloads 1,147 ( 26,848)
Citation 7

Illegal Buyouts

Number of pages: 43 Posted: 16 Apr 2008 Last Revised: 18 Dec 2008
Douglas J. Cumming and Simona Zambelli
Florida Atlantic University and University of Florence
Downloads 711 (51,478)
Citation 8

Abstract:

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Buyouts, Private Equity, Regulation, Governance, Law and Finance

Illegal Buyouts

Journal of Banking and Finance, Vol. 34, No. 2, pp. 441-456, 2010
Number of pages: 46 Posted: 10 Aug 2009 Last Revised: 19 Mar 2012
Douglas J. Cumming and Simona Zambelli
Florida Atlantic University and University of Florence
Downloads 436 (95,062)

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Buyouts, Regulation, Governance, Law and finance

Decentralized Finance, Crypto Funds, and Value Creation in Tokenized Firms

Number of pages: 63 Posted: 11 May 2022
Florida Atlantic University, University of Hamburg, University of Hamburg and University of California, Los Angeles (UCLA) - Anderson School of Management
Downloads 843 (41,074)

Abstract:

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Crypto Funds (CFs), Initial Coin Offering (ICO), Decentralized Finance (DeFi), Blockchain-based Crowdfunding, Entrepreneurial Finance

31.

International Business and Entrepreneurship Implications of Brexit

British Journal of Management, Forthcoming
Number of pages: 12 Posted: 19 Aug 2016
Douglas J. Cumming and Shaker A. Zahra
Florida Atlantic University and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 1,108 (28,304)

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Brexit, International Business, Entrepreneurship

32.

Outside Entrepreneurial Capital

Economic Journal, Forthcoming
Number of pages: 39 Posted: 08 Feb 2005 Last Revised: 10 Sep 2008
Andy Cosh, Douglas J. Cumming and Alan Hughes
University of Cambridge - Judge Business School, Florida Atlantic University and University of Cambridge - Centre for Business Research (CBR)
Downloads 1,009 (32,312)
Citation 5

Abstract:

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Entrepreneurial Finance, Capital Gaps, Pecking Order, Adverse Selection

33.
Downloads 985 ( 33,459)
Citation 48

The Legislative Road to Silicon Valley

Oxford Economic Papers, Vol. 58, pp. 596-635, 2006
Number of pages: 41 Posted: 28 Nov 2003
John Armour and Douglas J. Cumming
University of Oxford - Faculty of Law and Florida Atlantic University
Downloads 985 (32,984)
Citation 48

Abstract:

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venture capital, law and finance, bankruptcy

The Legislative Road to Silicon Valley

Oxford Economic Papers, Vol. 58, pp. 596-635, 2006
Posted: 26 Jul 2005 Last Revised: 10 Sep 2008
John Armour and Douglas J. Cumming
University of Oxford - Faculty of Law and Florida Atlantic University

Abstract:

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Venture capital, law and finance, bankruptcy

The Legislative Road to Silicon Valley

Oxford Economic Papers, Vol. 58, Issue 4, pp. 596-635, 2006
Posted: 29 Feb 2008
John Armour and Douglas J. Cumming
University of Oxford - Faculty of Law and Florida Atlantic University

Abstract:

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34.
Downloads 979 ( 33,756)
Citation 14

Institutional Investment in Listed Private Equity

Number of pages: 31 Posted: 24 Jan 2010 Last Revised: 06 Feb 2010
Douglas J. Cumming, Grant Fleming and Sofia Johan
Florida Atlantic University, Continuity Capital Partners and Florida Atlantic University - Finance
Downloads 842 (41,074)
Citation 2

Abstract:

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Institutional investment, pension funds, listed private equity, Europe

Institutional Investment in Listed Private Equity

European Financial Management, Forthcoming
Number of pages: 30 Posted: 14 Dec 2010
Douglas J. Cumming, Grant Fleming and Sofia Johan
Florida Atlantic University, Continuity Capital Partners and Florida Atlantic University - Finance
Downloads 135 (299,218)
Citation 1

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Institutional investment, pension funds, listed private equity

Institutional Investment in Listed Private Equity

European Financial Management, Vol. 17, Issue 3, pp. 594-618, 2011
Number of pages: 25 Posted: 31 May 2011
Douglas J. Cumming, Grant Fleming and Sofia Johan
Florida Atlantic University, Continuity Capital Partners and Florida Atlantic University - Finance
Downloads 2 (937,549)
Citation 6

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institutional investment, pension funds, listed private equity, G23, G24

35.
Downloads 967 ( 34,339)
Citation 9

Private Equity Benchmarks and Portfolio Optimization

Number of pages: 35 Posted: 05 Oct 2010
Florida Atlantic University, University of Iowa - Henry B. Tippie College of BusinessLancaster University - Lancaster University Management School and Concordia University
Downloads 607 (63,220)
Citation 6

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Benchmark, Risk Modeling, Private Equity, Venture Capital

Private Equity Benchmarks and Portfolio Optimization

Journal of Banking and Finance, Forthcoming
Number of pages: 43 Posted: 15 Apr 2013
Florida Atlantic University, University of Iowa - Henry B. Tippie College of BusinessLancaster University - Lancaster University Management School and Concordia University
Downloads 360 (118,498)

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Benchmark, Risk Modeling, Private Equity, Venture Capital

36.
Downloads 955 ( 34,934)
Citation 25

Liquidity Risk and Venture Capital Finance

Financial Management, Vol. 34, pp. 77-105, 2005
Number of pages: 41 Posted: 01 Jun 2004 Last Revised: 22 Oct 2014
Grant Fleming, Armin Schwienbacher and Douglas J. Cumming
Continuity Capital Partners, SKEMA Business School and Florida Atlantic University
Downloads 929 (35,807)

Abstract:

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Liquidity Risk and Venture Capital Finance

Financial Management, Vol. 34, No. 4, Winter 2005
Number of pages: 30 Posted: 10 Nov 2005
Grant Fleming, Armin Schwienbacher and Douglas J. Cumming
Continuity Capital Partners, SKEMA Business School and Florida Atlantic University
Downloads 26 (687,776)
Citation 2

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Private Equity, Venture Capital, Liquidity Risk

Government Policy Towards Entrepreneurial Finance: Innovation Investment Funds

Journal of Business Venturing, Vol. 22, No. 2, pp. 193-235, 2007
Number of pages: 56 Posted: 20 Sep 2005
Douglas J. Cumming
Florida Atlantic University
Downloads 952 (34,566)
Citation 3

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Private Equity, Venture Capital, Government Public Policy, Entrepreneurship

Government Policy Towards Entrepreneurial Finance: Innovation Investment Funds

Journal of Business Venturing, Vol. 22, pp. 193-235, 2007
Posted: 10 Nov 2005 Last Revised: 28 Sep 2013
Douglas J. Cumming
Florida Atlantic University

Abstract:

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Private Equity, Venture Capital, Government, Public Policy, Entrepreneurship

Crowding Out Private Equity: Canadian Evidence

Journal of Business Venturing, Vol. 21, pp. 569-609, 2006
Number of pages: 48 Posted: 25 Sep 2002
Douglas J. Cumming and Jeffrey G. MacIntosh
Florida Atlantic University and University of Toronto - Faculty of Law
Downloads 949 (34,735)
Citation 35

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Crowding Out Private Equity: Canadian Evidence

Posted: 30 Mar 2005
Douglas J. Cumming and Jeffrey G. MacIntosh
Florida Atlantic University and University of Toronto - Faculty of Law

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Venture capital cycle, Government sponsorship, Tax, Crowding out

Mutual Funds that Invest in Private Equity? an Analysis of Labour Sponsored Investment Funds

Cambridge Journal of Economics, Vol. 31, pp. 445-487, 2007
Number of pages: 56 Posted: 13 Aug 2003 Last Revised: 10 Sep 2008
Douglas J. Cumming and Jeffrey G. MacIntosh
Florida Atlantic University and University of Toronto - Faculty of Law
Downloads 940 (35,267)
Citation 19

Abstract:

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Mutual Funds, Venture Capital, Government Sponsorship, Risk, Return, Fundraising

Mutual Funds that Invest in Private Equity? An Analysis of Labour-Sponsored Investment Funds

Cambridge Journal of Economics, Vol. 31, pp. 445-487, 2007
Posted: 08 Aug 2006 Last Revised: 10 Sep 2008
Douglas J. Cumming and Jeffrey G. MacIntosh
Florida Atlantic University and University of Toronto - Faculty of Law

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Mutual Funds, Venture Capital, Government Sponsorship, Risk, Return, Fundraising

Mutual Funds that Invest in Private Equity? An Analysis of Labour-Sponsored Investment Funds

Cambridge Journal of Economics, Vol. 31, Issue 3, pp. 445-487, 2007
Posted: 16 Jun 2008
Douglas J. Cumming and Jeffrey G. MacIntosh
Florida Atlantic University and University of Toronto - Faculty of Law

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Mutual funds, Venture capital, Government sponsorship, Risk, Return, Fundraising

40.

Information Asymmetries, Agency Costs and Venture Capital Exit Outcomes

Venture Capital, An International Journal of Entrepreneurial Finance, Vol. 10, pp. 197-231, 2008
Number of pages: 45 Posted: 11 Sep 2008 Last Revised: 16 Oct 2008
Douglas J. Cumming and Sofia Johan
Florida Atlantic University and Florida Atlantic University - Finance
Downloads 918 (36,983)
Citation 6

Abstract:

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Venture Capital, Exits, Financial Contracts, IPOs, Acquisitions, Secondary Sales, Buybacks, Write-offs

41.
Downloads 884 ( 38,944)
Citation 13

Capital Flows and Hedge Fund Regulation

3rd Annual Conference on Empirical Legal Studies Papers
Number of pages: 35 Posted: 16 Apr 2008 Last Revised: 21 Oct 2009
Douglas J. Cumming and Na Dai
Florida Atlantic University and SUNY at Albany - School of Business
Downloads 621 (61,408)
Citation 2

Abstract:

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Flow, Performance, Hedge Funds, Regulation, Law and Finance

Capital Flows and Hedge Fund Regulation

Journal of Empirical Legal Studies, 2009
Number of pages: 39 Posted: 31 Jul 2009
Douglas J. Cumming and Na Dai
Florida Atlantic University and SUNY at Albany - School of Business
Downloads 263 (165,073)

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Flow, Performance, Hedge Funds, Regulation, Law and Finance

42.

Is Venture Capital in Crisis?

World Financial Review (July-August), 69-72.
Number of pages: 15 Posted: 12 Jun 2012 Last Revised: 22 Nov 2014
Douglas J. Cumming and Sofia Johan
Florida Atlantic University and Florida Atlantic University - Finance
Downloads 866 (40,056)

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Venture Capital, Financial Crisis

Demand Driven Securities Regulation: Evidence from Crowdfunding

Venture Capital: An International Journal of Entrepreneurial Finance 15, 361-379 (2013)
Number of pages: 36 Posted: 22 Jul 2013 Last Revised: 24 Nov 2014
Douglas J. Cumming and Sofia Johan
Florida Atlantic University and Florida Atlantic University - Finance
Downloads 485 (83,778)
Citation 1

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Crowdfunding, Securities Law, Race-to-the-Top, Race-to-the-Bottom

Demand Driven Securities Regulation: Evidence from Crowdfunding

Number of pages: 25 Posted: 22 Apr 2013 Last Revised: 02 Nov 2014
Douglas J. Cumming and Sofia Johan
Florida Atlantic University and Florida Atlantic University - Finance
Downloads 361 (118,106)

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Crowdfunding, Securities Regulation, Race to the Top, Race to the Bottom

44.
Downloads 829 ( 42,529)
Citation 9

The Role of Due Diligence in Crowdfunding Platforms

Number of pages: 50 Posted: 09 Dec 2016 Last Revised: 12 Sep 2019
Douglas J. Cumming, Sofia Johan and Yelin Zhang
Florida Atlantic University, Florida Atlantic University - Finance and Gonzaga University - School of Business Administration
Downloads 603 (63,756)
Citation 12

Abstract:

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crowdfunding, entrepreneurship, intermediaries

The Role of Due Diligence in Crowdfunding Platforms

Journal of Banking and Finance, Forthcoming
Number of pages: 50 Posted: 07 Oct 2019
Douglas J. Cumming, Sofia Johan and Yelin Zhang
Florida Atlantic University, Florida Atlantic University - Finance and Gonzaga University - School of Business Administration
Downloads 226 (191,431)
Citation 2

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Crowdfunding, Entrepreneurial Finance, Intermediaries

45.
Downloads 823 ( 42,954)
Citation 76

Local Bias in Venture Capital Investments

Number of pages: 40 Posted: 02 Dec 2007 Last Revised: 15 Jul 2009
Douglas J. Cumming and Na Dai
Florida Atlantic University and SUNY at Albany - School of Business
Downloads 537 (73,888)
Citation 5

Abstract:

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Home bias, private equity

Local Bias in Venture Capital Investments

Journal of Empirical Finance, Forthcoming
Number of pages: 43 Posted: 06 Nov 2009
Douglas J. Cumming and Na Dai
Florida Atlantic University and SUNY at Albany - School of Business
Downloads 286 (151,489)
Citation 15

Abstract:

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home bias, venture capital

46.
Downloads 811 ( 43,789)
Citation 63

Exchange Trading Rules and Stock Market Liquidity

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 41 Posted: 02 Feb 2010 Last Revised: 02 Mar 2010
Douglas J. Cumming, Sofia Johan and Dan Li
Florida Atlantic University, Florida Atlantic University - Finance and Chinese University of Hong Kong, Shenzhen
Downloads 536 (74,061)
Citation 17

Abstract:

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Market Manipulation, Liquidity, Insider Trading, Broker-Agency Conflict, Law and Finance

Exchange Trading Rules and Stock Market Liquidity

Number of pages: 43 Posted: 14 Nov 2009
Douglas J. Cumming, Sofia Johan and Dan Li
Florida Atlantic University, Florida Atlantic University - Finance and Chinese University of Hong Kong, Shenzhen
Downloads 275 (157,690)
Citation 2

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Market Manipulation, Liquidity, Insider Trading, Broker-Agency Conflict, Law and Finance

47.

Venture Capitalist Value-Added Activities, Fundraising and Drawdowns

Journal of Banking and Finance, Vol. 29, pp. 295-331, 2005
Number of pages: 38 Posted: 04 Jan 2007
Grant Fleming, Douglas J. Cumming, Jo-Ann Suchard and Jo-Ann Suchard
Continuity Capital Partners, Florida Atlantic University and UNSW Business SchoolFinancial Research Network (FIRN)
Downloads 811 (43,789)
Citation 3

Abstract:

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Venture Capital, Fundraising, Drawdowns, Value Added Activities, Returns, Compensation

48.

The Structure, Governance and Performance of UK Venture Capital Trusts

Journal of Corporate Law Studies, Vol. 3, No. 2, pp. 191-217, 2003
Number of pages: 30 Posted: 07 May 2003
Douglas J. Cumming
Florida Atlantic University
Downloads 795 (44,960)
Citation 4

Abstract:

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49.

United States Venture Capital Contracting: Foreign Securities

Advances in Financial Economics, Vol. 12, pp. 405-444, 2007
Number of pages: 41 Posted: 25 Oct 2001 Last Revised: 11 Sep 2008
Douglas J. Cumming
Florida Atlantic University
Downloads 778 (46,231)
Citation 7

Abstract:

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Venture Capital, Capital Structure, Financial Contracts, Regulation

50.
Downloads 769 ( 46,977)
Citation 12

Hedge Fund Regulation and Misreported Returns

Number of pages: 33 Posted: 16 Apr 2008 Last Revised: 12 Jul 2010
Douglas J. Cumming and Na Dai
Florida Atlantic University and SUNY at Albany - School of Business
Downloads 598 (64,446)
Citation 2

Abstract:

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Hedge Funds, Regulation, Misreported Returns, Law and Finance

Hedge Fund Regulation and Misreported Returns

European Financial Management, Forthcoming
Number of pages: 33 Posted: 28 Jul 2010 Last Revised: 04 Sep 2010
Douglas J. Cumming and Na Dai
Florida Atlantic University and SUNY at Albany - School of Business
Downloads 168 (250,205)

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Hedge Funds, Regulation, Misreported Returns, Law and Finance

Hedge Fund Regulation and Misreported Returns

European Financial Management, Vol. 16, Issue 5, pp. 829-857, November 2010
Number of pages: 29 Posted: 26 Oct 2010
Douglas J. Cumming and Na Dai
Florida Atlantic University and SUNY at Albany - School of Business
Downloads 3 (922,049)

Abstract:

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51.
Downloads 763 ( 47,498)

Global Market Surveillance

TILEC Discussion Paper No. 2008-002, American Law and Economics Review, Forthcoming
Number of pages: 45 Posted: 19 Jul 2006 Last Revised: 10 Sep 2008
Sofia Johan and Douglas J. Cumming
Florida Atlantic University - Finance and Florida Atlantic University
Downloads 763 (46,853)
Citation 8

Abstract:

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Market Manipulation, Surveillance, Microstructure, Law and Finance

Global Market Surveillance

American Law and Economics Review, Vol. 10, Issue 2, pp. 454-506, 2008
Posted: 31 Dec 2008
Douglas J. Cumming and Sofia Johan
Florida Atlantic University and Florida Atlantic University - Finance

Abstract:

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G12, G14, G18, K22

52.
Downloads 753 ( 48,329)
Citation 29

Style Drift in Private Equity

Journal of Business Finance & Accounting, Forthcoming
Number of pages: 37 Posted: 30 Jun 2004 Last Revised: 05 Jan 2009
Douglas J. Cumming, Grant Fleming and Armin Schwienbacher
Florida Atlantic University, Continuity Capital Partners and SKEMA Business School
Downloads 745 (48,344)
Citation 6

Abstract:

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Private Equity, Venture Capital, Style Drift

Style Drift in Private Equity

Journal of Business Finance & Accounting, Vol. 36, Issue 5-6, pp. 645-678, June/July 2009
Number of pages: 34 Posted: 13 Oct 2009
Douglas J. Cumming, Grant Fleming and Armin Schwienbacher
Florida Atlantic University, Continuity Capital Partners and SKEMA Business School
Downloads 8 (859,147)
Citation 8

Abstract:

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Venture Capital and Private Equity Research: A Bibliometric Review and Future Research Agenda

Number of pages: 80 Posted: 16 Feb 2022
Douglas J. Cumming, Satish Kumar, Weng Marc Lim and Nitesh Pandey
Florida Atlantic University, Malaviya National Institute of Technology (MNIT), Jaipur, Swinburne University of Technology and Malaviya National Institute of Technology
Downloads 745 (49,021)

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Bibliometric analysis, Venture capital, Private equity

54.
Downloads 733 ( 50,076)
Citation 4

Due Diligence and Investee Performance

European Financial Management, Forthcoming
Number of pages: 68 Posted: 01 Jun 2016
Douglas J. Cumming and Simona Zambelli
Florida Atlantic University and University of Florence
Downloads 421 (98,985)

Abstract:

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Due Diligence, Governance, Performance, Private Equity

Due Diligence and Investee Performance

Number of pages: 72 Posted: 22 Mar 2013 Last Revised: 01 Jan 2016
Douglas J. Cumming and Simona Zambelli
Florida Atlantic University and University of Florence
Downloads 299 (144,660)
Citation 3

Abstract:

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Due Diligence, Governance, Performance, Private Equity

Due Diligence and Investee Performance

European Financial Management, Vol. 23, Issue 2, pp. 211-253, 2017
Number of pages: 43 Posted: 19 May 2020
Douglas J. Cumming and Simona Zambelli
Florida Atlantic University and University of Florence
Downloads 13 (805,040)
Citation 1

Abstract:

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due diligence, governance, performance, private equity

55.
Downloads 729 ( 50,464)
Citation 5

Boom, Bust and Litigation in Venture Capital Finance

Willamette Law Review, Vol. 40, No. 4, pp. 867-906
Number of pages: 29 Posted: 26 Oct 2004
Douglas J. Cumming and Jeffrey G. MacIntosh
Florida Atlantic University and University of Toronto - Faculty of Law
Downloads 729 (49,785)
Citation 5

Abstract:

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Venture Capital Cycle, IPO, Litigation, Internet Bubble

Boom, Bust and Litigation in Venture Capital Finance

Willamette Law Review, Vol. 40, No. 4, pp. 867-906, 2004
Posted: 03 Nov 2004 Last Revised: 30 Jul 2014
Douglas J. Cumming and Jeffrey G. MacIntosh
Florida Atlantic University and University of Toronto - Faculty of Law

Abstract:

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Venture Capital Cycle, IPO, Litigation, Internet Bubble

56.
Downloads 716 ( 51,692)
Citation 14

Private Equity Performance Under Extreme Regulation

Journal of Banking and Finance, Vol. 37, 2013
Number of pages: 50 Posted: 08 Mar 2011 Last Revised: 20 Nov 2014
Douglas J. Cumming and Simona Zambelli
Florida Atlantic University and University of Florence
Downloads 387 (109,162)
Citation 1

Abstract:

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Buyouts, Performance, Regulation, Governance, Law and Finance

Private Equity Performance Under Extreme Regulation

Journal of Banking and Finance, 2012, Forthcoming
Number of pages: 50 Posted: 13 May 2012
Douglas J. Cumming and Simona Zambelli
Florida Atlantic University and University of Florence
Downloads 329 (130,829)
Citation 4

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Private equity, Regulation, Performance, Law and finance

Socially Responsible Institutional Investment in Private Equity

Journal of Business Ethics, Vol. 75, pp. 395-416, 2007
Number of pages: 31 Posted: 12 Sep 2005 Last Revised: 10 Sep 2008
Sofia Johan and Douglas J. Cumming
Florida Atlantic University - Finance and Florida Atlantic University
Downloads 711 (51,478)
Citation 1

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Socially Responsible Investment, International Institutional Investment, Private Equity

Socially Responsible Institutional Investment in Private Equity

Journal of Business Ethics, Vol. 75, pp. 395-416, 2007
Posted: 25 Oct 2006 Last Revised: 10 Sep 2008
Douglas J. Cumming and Sofia Johan
Florida Atlantic University and Florida Atlantic University - Finance

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Socially Responsible Investment; International Institutional Investment, Private Equity

Fund Size, Limited Attention and Valuation of Venture Capital Backed Firms

EFA 2008 Athens Meetings Paper
Number of pages: 37 Posted: 05 Mar 2008 Last Revised: 30 Sep 2010
Douglas J. Cumming and Na Dai
Florida Atlantic University and SUNY at Albany - School of Business
Downloads 468 (87,483)
Citation 6

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Venture Capital; Fund Size; Limited Attention; Private Equity Valuation

Fund Size, Limited Attention, and Valuation of Venture Capital Backed Firms

Journal of Empirical Finance, Forthcoming
Number of pages: 37 Posted: 01 Oct 2010 Last Revised: 06 Oct 2010
Douglas J. Cumming and Na Dai
Florida Atlantic University and SUNY at Albany - School of Business
Downloads 240 (180,685)
Citation 3

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Venture Capital, Fund Size, Limited Attention, Private Equity Valuation

Regulatory Harmonization and the Development of Private Equity Markets

Journal of Banking & Finance, Vol. 31, pp. 3218-3250, 2007
Number of pages: 37 Posted: 08 Nov 2005
Sofia Johan and Douglas J. Cumming
Florida Atlantic University - Finance and Florida Atlantic University
Downloads 704 (52,203)
Citation 1

Abstract:

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Private Equity, Venture Capital, Law and Finance

Regulatory Harmonization and the Development of Private Equity Markets

Journal of Banking and Finance, Vol. 31, pp. 3218-3250, 2007
Posted: 05 Jan 2007 Last Revised: 11 Sep 2008
Sofia Johan and Douglas J. Cumming
Florida Atlantic University - Finance and Florida Atlantic University

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Private Equity, Law and Finance

CEO Accountability for Corporate Fraud: Evidence from the Split Share Structure Reform in China

Journal of Business Ethics, Forthcoming
Number of pages: 44 Posted: 10 Jul 2011 Last Revised: 24 Nov 2014
Jiandong Chen, Douglas J. Cumming, Wenxuan Hou, Wenxuan Hou and Edward Lee
Southwestern University of Finance and Economics, Florida Atlantic University, University of Edinburgh - Business SchoolUniversity of Edinburgh - Business School and University of Manchester - Alliance Manchester Business School
Downloads 314 (137,331)
Citation 5

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Corporate fraud, CEO turnover, State ownership, Split Share Structure Reform, China

CEO Accountability for Corporate Fraud: Evidence from the Split Share Structure Reform in China

Journal of Business Ethics, Forthcoming
Number of pages: 44 Posted: 20 Mar 2012 Last Revised: 15 Jun 2016
Jiandong Chen, Douglas J. Cumming, Wenxuan Hou, Wenxuan Hou and Edward Lee
Southwestern University of Finance and Economics, Florida Atlantic University, University of Edinburgh - Business SchoolUniversity of Edinburgh - Business School and University of Manchester - Alliance Manchester Business School
Downloads 200 (214,859)
Citation 3

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Corporate fraud; CEO turnover; State ownership; Split Share Structure Reform; China

CEO Accountability for Corporate Fraud: Evidence from the Split Share Structure Reform in China

Journal of Business Ethics, Forthcoming
Number of pages: 44 Posted: 04 Feb 2014 Last Revised: 11 Nov 2014
Jiandong Chen, Douglas J. Cumming, Wenxuan Hou, Wenxuan Hou and Edward Lee
Southwestern University of Finance and Economics, Florida Atlantic University, University of Edinburgh - Business SchoolUniversity of Edinburgh - Business School and University of Manchester - Alliance Manchester Business School
Downloads 181 (234,643)
Citation 8

Abstract:

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CEO turnover; corporate fraud; ownership; Split Share Structure Reform; China

Comparative Venture Capital Governance. Private Versus Labour Sponsored Venture Capital Funds

Number of pages: 41 Posted: 03 Mar 2003
Jeffrey G. MacIntosh and Douglas J. Cumming
University of Toronto - Faculty of Law and Florida Atlantic University
Downloads 631 (60,161)

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Venture Capital, Canada, Tax, Government, Crowding Out, Portfolio Size, Governance

Comparative Venture Capital Governance: Private Versus Labour Sponsored Venture Capital Funds

University of Illinois at Urbana-Champaign's Academy for Entrepreneurial Leadership Historical Research Reference in Entrepreneurship
Posted: 04 Nov 2009
Douglas J. Cumming and Jeffrey G. MacIntosh
Florida Atlantic University and University of Toronto - Faculty of Law

Abstract:

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Canadian Labour Sponsored Venture Capital Corporations, Limited liability partnerships (LLP), Canadian Venture Capital Association, Mutual funds, Organizational structures, Program evaluation, Public investments, Public policies, Venture capital, Venture capital, Business assistance programs, High technology industries

62.

Pre-Seed Government Venture Capital Funds

Journal of International Entrepreneurship, 2008
Number of pages: 32 Posted: 20 Nov 2007 Last Revised: 29 Sep 2013
Sofia Johan and Douglas J. Cumming
Florida Atlantic University - Finance and Florida Atlantic University
Downloads 622 (62,024)
Citation 6

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Venture Capital, Government, Public Policy, Entrepreneurship

63.

Preplanned Exit Strategies in Venture Capital

European Economic Review 52 (2008) 1209¿1241
Number of pages: 37 Posted: 26 Jul 2006 Last Revised: 13 Oct 2008
Douglas J. Cumming and Sofia Johan
Florida Atlantic University and Florida Atlantic University - Finance
Downloads 601 (64,800)
Citation 4

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Preplanned Exit, Contracts, Governance, Control Rights, Bargaining Power, Law and Finance

64.

Legality and Venture Governance Around the World

Journal of Business Venturing, Forthcoming
Number of pages: 38 Posted: 16 Apr 2008 Last Revised: 10 Sep 2008
Douglas J. Cumming, Daniel Schmidt and Uwe Walz
Florida Atlantic University, University of Frankfurt, CEPRES Center of Private Equity Research and Goethe University Frankfurt - Institute of Economics
Downloads 600 (64,946)
Citation 21

Abstract:

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Venture Capital, Corporate Governance, Syndication, Entrepreneurial Finance

Same Rules, Different Enforcement: Market Abuse in Europe

TILEC Discussion Paper No. 2014-019
Number of pages: 53 Posted: 22 Feb 2014 Last Revised: 07 Jun 2016
Douglas J. Cumming, Alexander Peter Groh and Sofia Johan
Florida Atlantic University, EMLYON Business School and Florida Atlantic University - Finance
Downloads 372 (114,120)
Citation 3

Abstract:

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Securities Regulation, Enforcement, Law and Finance

Same Rules, Different Enforcement: Market Abuse in Europe

Journal of International Financial Markets, Institutions and Money, Forthcoming
Number of pages: 56 Posted: 04 Oct 2017
Douglas J. Cumming, Alexander Peter Groh and Sofia Johan
Florida Atlantic University, EMLYON Business School and Florida Atlantic University - Finance
Downloads 201 (213,840)
Citation 6

Abstract:

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Securities Regulation, Enforcement, Law and Finance

66.
Downloads 569 ( 69,462)
Citation 6

Angel Investors Around the World

Number of pages: 64 Posted: 17 Jan 2016 Last Revised: 03 Jun 2016
Douglas J. Cumming and Minjie Zhang
Florida Atlantic University and Odette School of Business - University of Windsor
Downloads 406 (103,216)
Citation 8

Abstract:

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Private Equity, Angel Investor, Venture Capital, IPO, Entrepreneurship, Law and Finance, Bankruptcy Law, Culture

Angel Investors Around the World

Journal of International Business Studies (JIBS), Forthcoming
Number of pages: 46 Posted: 27 Aug 2018
Douglas J. Cumming and Minjie Zhang
Florida Atlantic University and Odette School of Business - University of Windsor
Downloads 163 (256,759)
Citation 2

Abstract:

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Private Equity, Angel Investor, Venture Capital, Entrepreneurship, Law and Finance, Culture

Executive Integrity, Audit Opinion, and Fraud in Chinese Listed Firms

Emerging Markets Review, Forthcoming
Number of pages: 42 Posted: 14 May 2011 Last Revised: 24 Jun 2013
Jiandong Chen, Douglas J. Cumming, Wenxuan Hou, Wenxuan Hou and Edward Lee
Southwestern University of Finance and Economics, Florida Atlantic University, University of Edinburgh - Business SchoolUniversity of Edinburgh - Business School and University of Manchester - Alliance Manchester Business School
Downloads 346 (123,786)
Citation 4

Abstract:

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Auditor, earnings management, fraud, integrity, ethics, China

Executive Integrity, Audit Opinion, and Fraud in Chinese Listed Firms

Emerging Markets Review, Forthcoming
Number of pages: 41 Posted: 01 Jan 2013
Jiandong Chen, Douglas J. Cumming, Wenxuan Hou, Wenxuan Hou and Edward Lee
Southwestern University of Finance and Economics, Florida Atlantic University, University of Edinburgh - Business SchoolUniversity of Edinburgh - Business School and University of Manchester - Alliance Manchester Business School
Downloads 218 (198,307)

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Integrity, auditor, earnings management, fraud, China, MAO

68.

Private Debt: Volatility, Credit Risk, and Returns

Asian Finance Association (AsianFA) 2016 Conference, 29th Australasian Finance and Banking Conference 2016
Number of pages: 42 Posted: 22 May 2015 Last Revised: 20 Aug 2016
Douglas J. Cumming, Grant Fleming and Zhangxin (Frank) Liu
Florida Atlantic University, Continuity Capital Partners and The University of Western Australia Business School
Downloads 554 (71,817)
Citation 2

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Private debt, performance, trading strategies, excess returns, credit risk, liquidity, volatility

69.

Equity Crowdfunding and Governance: Toward an Integrative Model and Research Agenda

Academy of Management Perspectives, Forthcoming
Number of pages: 54 Posted: 29 Jan 2019
Douglas J. Cumming, Tom R. Vanacker and Shaker A. Zahra
Florida Atlantic University, Ghent University and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 553 (71,991)

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Entrepreneurial Finance; Equity Crowdfunding; Governance Systems; Information Asymmetry; Adverse Selection; Moral Hazard

70.

Firm Size and the Impact of Securities Regulation

Journal of Comparative Economics, Forthcoming
Number of pages: 44 Posted: 10 Jun 2015
Douglas J. Cumming, April M. Knill and Nela Thomas Richardson
Florida Atlantic University, Florida State University College of Business and Commodity Futures Trading Commission (CFTC)
Downloads 537 (74,710)

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Securities regulation, law and finance, access to finance, capital issuance

71.

International Private Equity Valuation and Disclosure

Northwestern Journal of International Law and Business, 2009
Number of pages: 35 Posted: 16 Apr 2009
Douglas J. Cumming, Andrej Gill and Uwe Walz
Florida Atlantic University, Johannes Gutenberg University Mainz and Goethe University Frankfurt - Institute of Economics
Downloads 535 (75,054)

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Private Equity, Valuation, Disclosure, Returns, Regulation, Law and Finance

Is it the Law or the Lawyers? Investment Covenants Around the World

European Financial Management, Vol. 12, pp. 535-574, 2006
Number of pages: 40 Posted: 04 Jan 2005
Sofia Johan and Douglas J. Cumming
Florida Atlantic University - Finance and Florida Atlantic University
Downloads 501 (80,546)

Abstract:

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Empirical Contracts, Private Equity, Law and Finance

Is it the Law or the Lawyers? Investment Covenants Around the World

European Financial Management, Vol. 12, No. 4, pp. 535-574, September 2006
Number of pages: 40 Posted: 11 Aug 2006
Sofia Johan and Douglas J. Cumming
Florida Atlantic University - Finance and Florida Atlantic University
Downloads 28 (672,286)
Citation 2

Abstract:

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Is it the Law or the Lawyers? Investment Covenants Around the World

European Financial Management, Vol, 12, pp. 553-574, 2006
Posted: 26 Oct 2005 Last Revised: 10 Sep 2008
Sofia Johan and Douglas J. Cumming
Florida Atlantic University - Finance and Florida Atlantic University

Abstract:

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Empirical Contracts, Private Equity, Law and Finance

73.

Financial Intermediaries, Ownership Structure and the Provision of Venture Capital to Smes: Evidence from Japan

Small Business Economics, Vol. 31, pp. 59-92, 2008
Number of pages: 46 Posted: 19 Jul 2005 Last Revised: 11 Sep 2008
Douglas J. Cumming, Armin Schwienbacher and Grant Fleming
Florida Atlantic University, SKEMA Business School and Continuity Capital Partners
Downloads 504 (80,735)
Citation 3

Abstract:

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Financial Intermediation, Ownership Structure, Private Equity

74.
Downloads 496 ( 82,331)
Citation 5

Advice and Monitoring in Venture Finance

Financial Markets and Portfolio Management, Vol. 21, No. 1, pp. 3-43, 2007 , TILEC Discussion Paper No. 2005-003
Number of pages: 41 Posted: 04 Jan 2005
Douglas J. Cumming and Sofia Johan
Florida Atlantic University and Florida Atlantic University - Finance
Downloads 496 (81,554)
Citation 5

Abstract:

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Venture Capital, Monitoring, Advice

Advice and Monitoring in Venture Finance

Financial Markets and Portfolio Management, Vol. 21, pp. 3-43, 2007
Posted: 23 Oct 2006 Last Revised: 15 Sep 2008
Sofia Johan and Douglas J. Cumming
Florida Atlantic University - Finance and Florida Atlantic University

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Venture Capital, Conflict, Advice

75.

Investigating the Dynamics Between Price Volatility, Price Discovery, and Criminality in Cryptocurrency Markets

Number of pages: 57 Posted: 31 May 2019
Dublin City University, Florida Atlantic University, Trinity Business School, Trinity College Dublin, The University of Sydney and Trinity College (Dublin) - Trinity Business School
Downloads 480 (85,612)
Citation 3

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criminality, cryptocurrency, information share, volatility, price discovery

76.

The Rise of Right Wing Populism and Its Effect on HRM

Number of pages: 17 Posted: 06 Dec 2016
Douglas J. Cumming, Geoffrey Wood and Shaker A. Zahra
Florida Atlantic University, University of Warwick - Warwick Business School and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 475 (86,681)
Citation 2

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Right Wing Populism, Trump, Brexit, Human Resource Management, International Business, Entrepreneurship

77.

Diversification in the Hedge Fund Industry

Journal of Corporate Finance, Vol. 18, 2012
Number of pages: 43 Posted: 09 Jun 2010 Last Revised: 24 Nov 2014
Hany A. Shawky, Na Dai and Douglas J. Cumming
State University of New York at Albany - School of Business and Center for Institutional Investment Management, SUNY at Albany - School of Business and Florida Atlantic University
Downloads 473 (87,148)
Citation 2

Abstract:

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78.

Hedge Fund Forum Shopping

University of Pennsylvania Journal of Business and Employment Law, Vol. 10, No. 4, pp. 783-831, 2008
Number of pages: 32 Posted: 21 Apr 2008 Last Revised: 10 Sep 2008
Douglas J. Cumming and Sofia Johan
Florida Atlantic University and Florida Atlantic University - Finance
Downloads 473 (87,148)
Citation 2

Abstract:

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Hedge Funds, Forum Shopping, Regulation, Law and Finance

79.

Entrepreneurial Litigation and Venture Capital Finance

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 50 Posted: 21 Feb 2016
Douglas J. Cumming, Bruce Haslem and April M. Knill
Florida Atlantic University, Southern Utah University - Department of Economics and Finance and Florida State University College of Business
Downloads 467 (88,525)

Abstract:

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Litigation, venture capital

80.

Do International Investors Enhance Private Firm Value? Evidence from Venture Capital

Journal of International Business Studies, Forthcoming
Number of pages: 89 Posted: 29 Oct 2015
Douglas J. Cumming, April M. Knill and Kelsey Syvrud
Florida Atlantic University, Florida State University College of Business and Florida State University
Downloads 458 (90,536)
Citation 3

Abstract:

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Venture capital, International syndication, IPO, Acquisition, Valuation

81.

Review Essay: Public Policy and the Creation of Active Venture Capital Markets and Some Comments on 'Boulevard of Broken Dreams: Why Public Efforts to Boost Entrepreneurship and Venture Capital Have Failed – and What to Do About It,' by Josh Lerner

Venture Capital: An International Journal of Entrepreneurial Finance, Forthcoming
Number of pages: 30 Posted: 05 Sep 2010
Douglas J. Cumming
Florida Atlantic University
Downloads 458 (90,536)
Citation 1

Abstract:

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Public Policy, Venture Capital

82.

Crowdfunding and Entrepreneurial Internationalization

N. Dai and D. Siegel, eds. Entrepreneurial Finance: Managerial and Policy Implications, The World Scientific Publishers, Chapter 5, Forthcoming
Number of pages: 27 Posted: 08 Jan 2016 Last Revised: 17 Mar 2016
Douglas J. Cumming and Sofia Johan
Florida Atlantic University and Florida Atlantic University - Finance
Downloads 447 (93,127)
Citation 2

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Crowdfunding, Entrepreneurial Internationalization

83.

The Unintended Consequences of Fintech Regulation on Banking

Number of pages: 42 Posted: 05 Apr 2022
Douglas J. Cumming, Hisham Farag, Santosh Koirala and Danny McGowan
Florida Atlantic University, University of Birmingham - Birmingham Business School, University of Birmingham, Birmingham Business School and affiliation not provided to SSRNUniversity of Birmingham
Downloads 438 (95,345)

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Fintech, banking, deposits, liability structure

84.

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
Massimo G. Colombo, Douglas J. Cumming and Silvio Vismara
Politecnico di Milano, Florida Atlantic University and University of Bergamo
Downloads 424 (98,998)
Citation 13

Abstract:

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VC, GVC, intervention, entrepreneurial finance, IPOs

85.

Trade Size, High Frequency Trading, and Co-Location Around the World

European Journal of Finance, Forthcoming
Number of pages: 37 Posted: 31 Mar 2014
Michael J. Aitken, Douglas J. Cumming and Feng Zhan
Macquarie Graduate School of Management, Florida Atlantic University and University of Western Ontario
Downloads 424 (98,998)
Citation 2

Abstract:

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Trade size, High frequency trading, Colocation, International market microstructure

86.

Does Venture Capital Backing Improve Disclosure Controls and Procedures? Evidence from Management’s Post-IPO Disclosures Financial Reporting

Number of pages: 54 Posted: 08 Aug 2015 Last Revised: 28 Apr 2021
Florida Atlantic University, University of Iowa - Henry B. Tippie College of BusinessLancaster University - Lancaster University Management School, University of Tennessee, Haslam College of Business, Accounting and Information Management and University of Exeter Business School
Downloads 403 (104,967)
Citation 1

Abstract:

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Venture Capital, Initial Public Offerings, Disclosure Controls and Procedures, Material Weaknesses, Sarbanes-Oxley Act of 2002, Section 302, Management Disclosure, Corporate Governance

87.

Trade Size, High Frequency Trading, and Co-Location Around the World

European Journal of Finance, Forthcoming
Number of pages: 37 Posted: 07 Nov 2012 Last Revised: 20 Nov 2014
Michael J. Aitken, Douglas J. Cumming and Feng Zhan
Macquarie Graduate School of Management, Florida Atlantic University and University of Western Ontario
Downloads 396 (107,184)

Abstract:

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Trade size, High frequency trading, Co-location, International market microstructure

88.

Corporate Relocation in Venture Capital Finance

Entrepreneurship Theory & Practice, forthcoming EFA 2005 Moscow Meetings
Number of pages: 40 Posted: 10 Mar 2005 Last Revised: 18 Jan 2009
Douglas J. Cumming, Grant Fleming and Armin Schwienbacher
Florida Atlantic University, Continuity Capital Partners and SKEMA Business School
Downloads 395 (107,489)

Abstract:

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International Venture Capital, Entrepreneurship, International Corporate Relocation

Exchange Trading Rules, Surveillance, and Insider Trading

Number of pages: 52 Posted: 07 Jul 2012 Last Revised: 29 Oct 2013
Douglas J. Cumming, Feng Zhan and Michael J. Aitken
Florida Atlantic University, University of Western Ontario and Macquarie Graduate School of Management
Downloads 375 (113,082)
Citation 4

Abstract:

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Insider trading, Surveillance, Exchange Trading Rules, Law and Finance

Exchange Trading Rules, Surveillance and Insider Trading

Number of pages: 36 Posted: 11 Jun 2012
Douglas J. Cumming, Feng Zhan and Michael J. Aitken
Florida Atlantic University, University of Western Ontario and Macquarie Graduate School of Management
Downloads 17 (765,411)

Abstract:

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Insider trading, Surveillance, Exchange Trading Rules, Law and Finance

Do Markets Anticipate Capital Structure Decisions? Feedback Effects in Equity Liquidity

Journal of Corporate Finance, Forthcoming
Number of pages: 54 Posted: 18 Apr 2013
WHU - Otto Beisheim School of Management, Florida Atlantic University, WHU - Otto Beisheim School of Management and Concordia University
Downloads 259 (167,613)
Citation 2

Abstract:

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Capital Structure, Liquidity, Information Asymmetry, Signalling

Do Markets Anticipate Capital Structure Decisions? Feedback Effects in Equity Liquidity

Journal of Corporate Finance, Forthcoming
Number of pages: 51 Posted: 27 Jun 2011 Last Revised: 24 Nov 2014
WHU - Otto Beisheim School of Management, Florida Atlantic University, WHU - Otto Beisheim School of Management and Concordia University
Downloads 125 (317,078)

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Capital Structure, Leverage, Liquidity, Information Asymmetry, Signalling

91.
Downloads 381 (112,000)
Citation 1

Dodd-Franking the Hedge Funds

Number of pages: 37 Posted: 20 Nov 2014 Last Revised: 10 May 2016
Douglas J. Cumming, Na Dai and Sofia Johan
Florida Atlantic University, SUNY at Albany - School of Business and Florida Atlantic University - Finance
Downloads 255 (170,248)
Citation 1

Abstract:

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Hedge Funds, Dodd-Frank, Law and Finance

Dodd-Franking the Hedge Funds

Journal of Banking and Finance, Forthcoming
Number of pages: 45 Posted: 20 Sep 2017 Last Revised: 21 Sep 2017
Douglas J. Cumming, Na Dai and Sofia Johan
Florida Atlantic University, SUNY at Albany - School of Business and Florida Atlantic University - Finance
Downloads 126 (315,204)
Citation 1

Abstract:

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Hedge Funds, Dodd-Frank, Law and Finance

92.
Downloads 379 (112,613)
Citation 6

Venture's Economic Impact in Australia

Number of pages: 42 Posted: 29 Dec 2012 Last Revised: 29 Jul 2014
Douglas J. Cumming and Sofia Johan
Florida Atlantic University and Florida Atlantic University - Finance
Downloads 289 (149,934)
Citation 4

Abstract:

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Venture Capital, Private Equity, Patents, R&D, Employment, IPOs, Market Capitalization, Government Policy

Venture's Economic Impact in Australia

Journal of Technology Transfer, Forthcoming
Number of pages: 41 Posted: 16 Nov 2013
Douglas J. Cumming and Sofia Johan
Florida Atlantic University and Florida Atlantic University - Finance
Downloads 90 (397,054)

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Venture Capital, Private Equity, Patents, R&D, Employment, IPOs, Market Capitalization, Government Policy

93.

Exchange Trading Rules and Stock Market Liquidity

Journal of Financial Economics (JFE), Vol. 99, No. 3, 2011
Number of pages: 41 Posted: 16 Jan 2009 Last Revised: 22 Nov 2014
Douglas J. Cumming, Sofia Johan and Dan Li
Florida Atlantic University, Florida Atlantic University - Finance and Chinese University of Hong Kong, Shenzhen
Downloads 379 (112,613)

Abstract:

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Market Manipulation, Insider Trading, Broker Agency Conduct, Law and Finance

94.

Market Manipulation and Innovation

Journal of Banking and Finance, Forthcoming
Number of pages: 51 Posted: 21 Mar 2016 Last Revised: 28 Sep 2020
Douglas J. Cumming, Shan Ji, Rejo Peter and Monika Tarsalewska
Florida Atlantic University, Capital Markets CRC, York University - Schulich School of Business and University of Exeter Business School
Downloads 367 (116,755)
Citation 7

Abstract:

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Market Manipulation; Financial Market Misconduct; End-of-Day Dislocation, Insider Trading; Patents; Innovation; Intellectual Property Rights; Law and Finance

95.

International Entrepreneurship: Managerial and Policy Implications

Strategic Entrepreneurship Journal, 2009
Number of pages: 35 Posted: 24 Oct 2009
Florida Atlantic University, University of Minnesota - Twin Cities - Carlson School of Management, Arizona State University-School of Public Affairs and Nottingham University Business School
Downloads 366 (117,123)
Citation 2

Abstract:

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international entrepreneurship, signalling, dissonance theory, resource-based view, social networks, organization learning

96.

Does the External Monitoring Effect of Financial Analysts Deter Corporate Fraud in China?

Journal of Business Ethics, Forthcoming
Number of pages: 39 Posted: 29 Jun 2011 Last Revised: 16 Mar 2014
Jiandong Chen, Douglas J. Cumming, Wenxuan Hou, Wenxuan Hou and Edward Lee
Southwestern University of Finance and Economics, Florida Atlantic University, University of Edinburgh - Business SchoolUniversity of Edinburgh - Business School and University of Manchester - Alliance Manchester Business School
Downloads 358 (120,042)
Citation 10

Abstract:

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fraud triangle; corporate fraud; agency problem; analyst coverage; China

97.

Legal Protection, Corruption and Private Equity Returns in Asia

Journal of Business Ethics, Forthcoming
Number of pages: 36 Posted: 01 Apr 2011
Douglas J. Cumming, Grant Fleming, Sofia Johan and Mai Takeuchi
Florida Atlantic University, Continuity Capital Partners, Florida Atlantic University - Finance and Wilshire Private Markets
Downloads 358 (120,042)

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Corruption, Law and Finance, Buyouts, Returns

98.

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 352 (122,319)
Citation 6

Abstract:

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

99.

Corporate Venture Capital Contracts

Journal of Alternative Investments, pp. 40-53, Winter 2006
Number of pages: 24 Posted: 23 Nov 2006 Last Revised: 10 Sep 2008
Douglas J. Cumming
Florida Atlantic University
Downloads 352 (122,319)

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Corporate Venture Capital, Financial Contracting

100.

Alternative Investments in Emerging Markets: A Review and New Trends

Emerging Markets Review, Forthcoming
Number of pages: 44 Posted: 21 Aug 2016
Douglas J. Cumming and Yelin Zhang
Florida Atlantic University and Gonzaga University - School of Business Administration
Downloads 351 (122,687)
Citation 1

Abstract:

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Alternative Investments, Emerging Markets, Art and Wine, Angel Investors, Venture Capital, Private Equity, Private Debt, Hedge Funds, Crowdfunding, IPOs

Selection Effects, Corporate Law and Firm Value

Finance Letters, Vol. 3, No. 3, pp. 7-18, 2005, U Toronto, Legal Studies Research Paper No. 03-03
Number of pages: 19 Posted: 22 Jun 2003
Douglas J. Cumming and Jeffrey G. MacIntosh
Florida Atlantic University and University of Toronto - Faculty of Law
Downloads 339 (126,703)

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Reincorporation, Corporate Law, Firm Value, Heckman Selection Model

Selection Effects, Corporate Law and Firm Value

Finance Letters, Vol. 3, No. 3, 2005
Posted: 21 Oct 2005
Jeffrey G. MacIntosh and Douglas J. Cumming
University of Toronto - Faculty of Law and Florida Atlantic University

Abstract:

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Reincorporation, Corporate law, Firm value, Selection model

102.

A Dissection of Mutual Fund Fees, Flows, and Performance

Number of pages: 128 Posted: 24 Oct 2015 Last Revised: 22 Jun 2017
Douglas J. Cumming, Sofia Johan and Yelin Zhang
Florida Atlantic University, Florida Atlantic University - Finance and Gonzaga University - School of Business Administration
Downloads 335 (129,082)
Citation 1

Abstract:

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Mutual Funds, Management Expense Ratio (MER), Trailer Fees, 12b-1s

103.

Governmental and Independent Venture Capital Investments in Europe: A Firm-Level Performance Analysis

Journal of Corporate Finance, 42, pp. 439-459 (2017).
Number of pages: 54 Posted: 17 Jul 2013 Last Revised: 11 Mar 2017
Douglas J. Cumming, Luca Grilli and Samuele Murtinu
Florida Atlantic University, Polytechnic University of Milan - Department of Management, Economics and Industrial Engineering and Utrecht University - School of Economics
Downloads 334 (129,455)
Citation 12

Abstract:

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independent venture capital; governmental venture capital; syndication; exit performance; public-private partnership

104.

Exchanges and Their Investors: A New Look at Reporting Issues, Fraud, and Other Problems by Exchange

Number of pages: 39 Posted: 15 Jan 2012
Douglas J. Cumming and Sofia Johan
Florida Atlantic University and Florida Atlantic University - Finance
Downloads 334 (129,455)

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Corporate fraud; Exchange listing standards, Securities commissions, NYSE, NASDAQ, TSX, TSXV, LSE, AIM, Pinksheets

105.

What Does it Take? Tips on Research and Publishing at the 25th Anniversary of the Journal of Corporate Finance

Journal of Corporate Finance, Forthcoming
Number of pages: 9 Posted: 23 Feb 2021
Douglas J. Cumming
Florida Atlantic University
Downloads 327 (132,414)
Citation 1

Abstract:

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academic publishing, corporate governance

106.

Entrepreneurial Finance: Unifying Themes and Future Directions

Number of pages: 33 Posted: 23 Jan 2018
Douglas J. Cumming and Alexander Peter Groh
Florida Atlantic University and EMLYON Business School
Downloads 326 (132,821)
Citation 11

Abstract:

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Entrepreneurial Finance, Equity Crowdfunding, Angel Investors, Debt, Venture Capital, Private Equity, IPOs

107.

The Differential Impact of the Internet on Spurring Regional Entrepreneurship

Entrepreneurship Theory and Practice, Forthcoming
Number of pages: 39 Posted: 19 Oct 2005 Last Revised: 13 Oct 2013
Sofia Johan and Douglas J. Cumming
Florida Atlantic University - Finance and Florida Atlantic University
Downloads 324 (133,687)

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Internet, Investment, Regional Development, Government Program

108.

Taking China Private: The Carlyle Group, Leveraged Buyouts and Financial Capitalism in Greater China

Number of pages: 44 Posted: 28 Aug 2014
Douglas J. Cumming and Grant Fleming
Florida Atlantic University and Continuity Capital Partners
Downloads 321 (134,979)

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Financial intermediaries, China, Taiwan, leveraged buyouts, private equity, business history, financial history, Carlyle Group, public-to-privates, financial capitalism

109.

Demand Driven Securities Regulation: Evidence from Crowdfunding

Venture Capital: An International Journal of Entrepreneurial Finance, 15, 361-379 (2013).
Number of pages: 36 Posted: 20 Sep 2013 Last Revised: 24 Nov 2014
Douglas J. Cumming and Sofia Johan
Florida Atlantic University and Florida Atlantic University - Finance
Downloads 320 (135,410)
Citation 5

Abstract:

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crowd-funding, securities law, race-to-the-top, race-to-the-bottom

110.

The IPO as an Exit Strategy for Venture Capitalists: Regional Lessons from Canada with International Comparisons

Handbook of Research on IPOs, Mario Levis and Silvio Vismara, eds., Edgar Elgar, 2012.
Number of pages: 45 Posted: 30 Dec 2012
Douglas J. Cumming and Sofia Johan
Florida Atlantic University and Florida Atlantic University - Finance
Downloads 319 (135,828)

Abstract:

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Venture Capital, IPO

111.

State Ownership and Corporate Innovation Efficiency

Number of pages: 53 Posted: 12 Nov 2016 Last Revised: 28 Nov 2018
Jerry Cao, Douglas J. Cumming and Sili Zhou
Hang Seng Business School, Florida Atlantic University and Fudan University - Fanhai International School of Finance (FISF)
Downloads 317 (136,698)
Citation 4

Abstract:

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State ownership, Innovative efficiency, Financial constraints

112.

Corporate Culture and IPOs

Number of pages: 43 Posted: 09 Mar 2018 Last Revised: 12 Jul 2021
Florida Atlantic University, Second University of Naples (SUN), University of Naples Parthenope and University of Naples "Parthenope"
Downloads 316 (137,162)

Abstract:

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Corporate culture, Regional culture, IPOs

113.

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 314 (138,074)
Citation 2

Abstract:

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

114.

The Valuation Effect of Listing Standards: An Analysis of Venture Capital-Backed IPOs

CIRANO - Scientific Publications 2010-01
Number of pages: 42 Posted: 07 Aug 2009 Last Revised: 12 Apr 2012
Cécile Carpentier, Douglas J. Cumming and Jean-Marc Suret
Laval University, Florida Atlantic University and Laval University
Downloads 314 (138,074)
Citation 3

Abstract:

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Securities regulation, Valuation, Initial Public Offerings, Venture capital, Listing Standards

115.
Downloads 312 (139,037)
Citation 10

Public Economics Gone Wild: Lessons from Venture Capital

International Review of Financial Analysis, Forthcoming
Number of pages: 36 Posted: 07 Nov 2013
Douglas J. Cumming
Florida Atlantic University
Downloads 160 (260,883)

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Venture capital; Public Policy; Government sponsorship; Tax; Crowding out

Public Economics Gone Wild: Lessons from Venture Capital

Number of pages: 16 Posted: 29 Dec 2012 Last Revised: 08 May 2013
Douglas J. Cumming
Florida Atlantic University
Downloads 152 (272,158)
Citation 3

Abstract:

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Venture capital, Public Policy, Government sponsorship, Tax, Crowding out

116.

Financial Market Misconduct and Agency Conflicts: A Synthesis and Future Directions

Journal of Corporate Finance, Forthcoming
Number of pages: 37 Posted: 19 Jul 2015
Douglas J. Cumming, Bob Dannhauser and Sofia Johan
Florida Atlantic University, CFA Institute and Florida Atlantic University - Finance
Downloads 310 (140,060)
Citation 12

Abstract:

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Financial Market Misconduct, Fraud, Insider trading, Regulation, Enforcement, Law and Finance

117.

Research Handbook of Finance and Sustainability (Table of Contents)

Research Handbook of Finance and Sustainability, Forthcoming
Number of pages: 11 Posted: 23 Aug 2017
Sabri Boubaker, Douglas J. Cumming and Duc Khuong Nguyen
Ecole de Management de Normandie, Florida Atlantic University and IPAG Business School
Downloads 293 (149,101)

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Corporate social responsibility; Environmental Finance; Entrepreneurial Finance; Sustainable Finance; Fraud; Corporate Governance

Regulatory Induced Performance Persistence: Evidence from Hedge Funds

Number of pages: 36 Posted: 20 Nov 2010 Last Revised: 03 Jun 2012
Florida Atlantic University, SUNY at Albany - School of Business, University of Iowa - Henry B. Tippie College of BusinessLancaster University - Lancaster University Management School and Concordia University
Downloads 197 (217,760)

Abstract:

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Performance Persistence, Law and Finance, Hedge Funds

Regulatory Induced Performance Persistence: Evidence from Hedge Funds

Journal of Corporate Finance, Forthcoming
Number of pages: 36 Posted: 12 Jun 2012
Florida Atlantic University, SUNY at Albany - School of Business, University of Iowa - Henry B. Tippie College of BusinessLancaster University - Lancaster University Management School and Concordia University
Downloads 91 (394,270)

Abstract:

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Performance Persistence, Law and Finance, Hedge Funds

119.

Harmonized Regulatory Standards, International Distribution of Investment Funds and the Recent Financial Crisis

European Journal of Finance, 18(3-4), 261-292 (2012).
Number of pages: 47 Posted: 27 Oct 2009 Last Revised: 24 Nov 2014
Douglas J. Cumming, Gael Imad’Eddine and Armin Schwienbacher
Florida Atlantic University, Faculte de Finance Banque Comptabilite - Universite de Lille and SKEMA Business School
Downloads 284 (153,364)
Citation 1

Abstract:

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Mutual funds industry, International distribution, UCITS, Law and finance

Provincial Preferences in Private Equity

Financial Markets and Portfolio Management, Vol. 20, No. 4, pp. 369-398, 2006
Number of pages: 30 Posted: 07 Feb 2005
Sofia Johan and Douglas J. Cumming
Florida Atlantic University - Finance and Florida Atlantic University
Downloads 282 (153,690)
Citation 2

Abstract:

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Venture capital, private equity, home bias

Provincial Preferences in Private Equity

Financial Markets and Portfolio Management, Vol. 20, pp. 369-398, 2006
Posted: 07 Nov 2006
Sofia Johan and Douglas J. Cumming
Florida Atlantic University - Finance and Florida Atlantic University

Abstract:

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home bias, private equity

121.

The Digital Credit Divide: Marketplace Lending and Entrepreneurship

Journal of Financial and Quantitative Analysis, forthcoming.
Number of pages: 50 Posted: 27 Jan 2019 Last Revised: 12 Feb 2021
Douglas J. Cumming, Hisham Farag, Sofia Johan and Danny McGowan
Florida Atlantic University, University of Birmingham - Birmingham Business School, Florida Atlantic University - Finance and affiliation not provided to SSRNUniversity of Birmingham
Downloads 281 (154,969)
Citation 1

Abstract:

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Fintech, Entrepreneurship, Credit Supply

122.

The Problems with and Promise of Entrepreneurial Finance

Strategic Entrepreneurship Journal, Forthcoming
Number of pages: 24 Posted: 21 Aug 2017
Douglas J. Cumming and Sofia Johan
Florida Atlantic University and Florida Atlantic University - Finance
Downloads 276 (157,837)
Citation 4

Abstract:

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Entrepreneurial Finance, Venture Capital, Private Equity, IPOs, Crowdfunding, Debt, Trade Credit, Angel Investors

123.

Legality and Venture Capital Governance Around the World

Journal of Business Venturing, Vol. 25, No. 1, pp. 54-72, 2010
Number of pages: 40 Posted: 18 May 2010
Douglas J. Cumming, Daniel Schmidt and Uwe Walz
Florida Atlantic University, University of Frankfurt, CEPRES Center of Private Equity Research and Goethe University Frankfurt - Institute of Economics
Downloads 276 (157,837)
Citation 4

Abstract:

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Venture Capital, Corporate Governance, Syndication, Entrepreneurial Finance

124.

Venture Capital Investment Duration

Journal of Small Business Management, Forthcoming
Number of pages: 41 Posted: 12 Dec 2008 Last Revised: 20 Jan 2009
Douglas J. Cumming and Sofia Johan
Florida Atlantic University and Florida Atlantic University - Finance
Downloads 275 (159,024)
Citation 1

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Venture Capital, Duration, Exits, Initial Public Offerings, Write-offs, Public Policy

125.

M&A Rumors about Unlisted Firms

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 42 Posted: 21 Apr 2021 Last Revised: 01 Sep 2021
emlyon business school, Florida Atlantic University, SKEMA Business School and EMLYON Business School
Downloads 272 (160,226)

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Mergers, Acquisitions, Rumors, Unlisted Firms

126.

Strategic Distortions in Analyst Forecasts in the Presence of Short-Term Institutional Investors

Accounting and Business Research, forthcoming
Number of pages: 52 Posted: 18 Mar 2015 Last Revised: 17 Jun 2018
Bayes Business School, City University London, Florida Atlantic University, University of Iowa - Henry B. Tippie College of BusinessLancaster University - Lancaster University Management School, The University of Manchester - Alliance Manchester Business School and University of Manchester - Manchester Business School
Downloads 271 (160,853)
Citation 2

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Target prices; Earnings forecasts; Strategic distortions; Short-term investors

The Rationales Underlying Reincorporation and Implications for Canadian Corporations

International Review of Law and Economics, Vol. 22, No. 3, pp. 277-330, 2002
Number of pages: 64 Posted: 09 Apr 2000
Jeffrey G. MacIntosh and Douglas J. Cumming
University of Toronto - Faculty of Law and Florida Atlantic University
Downloads 270 (160,810)
Citation 2

Abstract:

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Reincorporation, Corporate law, Event study, Canada

The Rationales Underlying Reincorporation and Implications for Canadian Corporations

Posted: 16 Oct 2001
Jeffrey G. MacIntosh and Douglas J. Cumming
University of Toronto - Faculty of Law and Florida Atlantic University

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Reincorporation, Corporate Law, Event Study, Canada

128.

Corporate Defaults, Workouts and the Rise of the Distressed Asset Investment Industry

Forthcoming Business History Review
Number of pages: 54 Posted: 13 Sep 2012 Last Revised: 22 May 2015
Douglas J. Cumming and Grant Fleming
Florida Atlantic University and Continuity Capital Partners
Downloads 264 (165,071)
Citation 3

Abstract:

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Corporate Defaults, Workouts, Distressed Asset Investment Industry

129.

Public Policy, Entrepreneurship, and Venture Capital in the United States

Journal of Corporate Finance, Vol. 23, 2013
Number of pages: 43 Posted: 07 Aug 2009 Last Revised: 21 Nov 2014
Douglas J. Cumming and Dan Li
Florida Atlantic University and Chinese University of Hong Kong, Shenzhen
Downloads 263 (165,711)
Citation 3

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Entrepreneurial Finance, Venture Capital, Public Policy, Tax, Labor Law, Bankruptcy, SBIR

130.

Does Speculative News Hurt Productivity? Evidence from Takeover Rumors

Number of pages: 61 Posted: 19 Jan 2021 Last Revised: 07 Jan 2022
WHU - Otto Beisheim School of Management, BUW - Schumpeter School of Business and Economics, Florida Atlantic University and University of Bielefeld
Downloads 261 (166,978)

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Distraction, Employee commitment, Employee rights, Fear of job loss, Productivity, Shareholder wealth, Takeover speculation

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 165 (254,048)
Citation 5

Abstract:

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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 89 (399,870)
Citation 2

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

132.

Disclosure, Venture Capital and Entrepreneurial Spawning

Journal of International Business Studies, Forthcoming
Number of pages: 40 Posted: 06 Mar 2012
Douglas J. Cumming and April M. Knill
Florida Atlantic University and Florida State University College of Business
Downloads 252 (172,893)
Citation 4

Abstract:

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Venture capital, Spawning, Disclosure, Securities regulation

The Role of Interjurisdictional Competition in Shaping Canadian Corporate Law

International Review of Law and Economics, Vol. 20, No. 2, pp. 141-186, 2000
Number of pages: 58 Posted: 11 Sep 1996
Douglas J. Cumming and Jeffrey G. MacIntosh
Florida Atlantic University and University of Toronto - Faculty of Law
Downloads 252 (172,270)
Citation 2

Abstract:

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The Role of Interjurisdictional Competition in Shaping Canadian Corporate Law

Posted: 31 Aug 2000
Jeffrey G. MacIntosh and Douglas J. Cumming
University of Toronto - Faculty of Law and Florida Atlantic University

Abstract:

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Run-Up of Acquirer's Stock in Public and Private Acquisitions

Number of pages: 47 Posted: 24 Jan 2010 Last Revised: 18 Mar 2010
Douglas J. Cumming and Dan Li
Florida Atlantic University and Chinese University of Hong Kong, Shenzhen
Downloads 164 (255,374)

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Acquisitions, Insider Trading

Run-Up of Acquirer's Stock in Public and Private Acquisitions

Corporate Governance: An International Review, Forthcoming
Number of pages: 63 Posted: 02 Nov 2010
Douglas J. Cumming and Dan Li
Florida Atlantic University and Chinese University of Hong Kong, Shenzhen
Downloads 81 (423,517)

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Acquisitions, Private Equity, Insider Trading

Run-Up of Acquirer's Stock in Public and Private Acquisitions

Corporate Governance: An International Review, Vol. 19, Issue 3, pp. 210-239, 2011
Number of pages: 30 Posted: 10 May 2011
Douglas J. Cumming and Daniel Li
Florida Atlantic University and affiliation not provided to SSRN
Downloads 6 (882,498)
Citation 2

Abstract:

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Corporate Governance, Acquisitions, Private Equity, Insider Trading

135.

Entrepreneurial Spawning: Experience, Education, and the Role of Venture Capital

Number of pages: 31 Posted: 03 Oct 2014 Last Revised: 22 Jan 2015
Douglas J. Cumming, Uwe Walz and Jochen Christian Werth
Florida Atlantic University, Goethe University Frankfurt - Institute of Economics and Goethe University Frankfurt
Downloads 245 (177,523)
Citation 2

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entrepreneurship, entrepreneurial spawning, angel finance, venture capital, exit

136.

Hedge Fund Investment in ETFs

Number of pages: 49 Posted: 06 Apr 2022 Last Revised: 13 Apr 2022
Douglas J. Cumming and Pedro Monteiro
Florida Atlantic University and Florida Atlantic University
Downloads 233 (186,348)

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A New Look at Reporting Fraud: By Exchange

TILEC Discussion Paper No. 2011-050
Number of pages: 39 Posted: 25 Nov 2011
Douglas J. Cumming and Sofia Johan
Florida Atlantic University and Florida Atlantic University - Finance
Downloads 171 (246,550)

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Corporate fraud, Exchange listing standards, Securities commissions, NYSE

A New Look at Reporting Fraud: By Exchange

Number of pages: 38 Posted: 27 Oct 2011
Douglas J. Cumming and Sofia Johan
Florida Atlantic University and Florida Atlantic University - Finance
Downloads 59 (502,642)

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Corporate Fraud, Exchange Listing Standards, Securities Commissions, NYSE, NASDAQ, TSX, TSXV, LSE, AIM, Pinksheets

138.

Review Essay: Global Venture Capital Transactions

Venture Capital: An International Journal of Entrepreneurial Finance, Vol. 7, pp. 185-201, 2005
Number of pages: 20 Posted: 12 Apr 2005 Last Revised: 11 Sep 2008