{"id":"https://openalex.org/W2511136751","doi":"https://doi.org/10.1016/j.jcorpfin.2016.08.016","title":"Committed anchor investment and IPO survival \u2013 The roles of cornerstone and strategic investors","display_name":"Committed anchor investment and IPO survival \u2013 The roles of cornerstone and strategic investors","publication_year":2016,"publication_date":"2016-09-09","ids":{"openalex":"https://openalex.org/W2511136751","doi":"https://doi.org/10.1016/j.jcorpfin.2016.08.016","mag":"2511136751"},"language":"en","primary_location":{"id":"doi:10.1016/j.jcorpfin.2016.08.016","doi":"https://doi.org/10.1016/j.jcorpfin.2016.08.016","is_oa":false,"landing_page_url":"https://doi.org/10.1016/j.jcorpfin.2016.08.016","pdf_url":null,"source":{"id":"https://openalex.org/S152282257","display_name":"Journal of Corporate Finance","issn_l":"0929-1199","issn":["0929-1199","1872-6313"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-1","jufo-3","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Corporate Finance","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://research.manchester.ac.uk/en/publications/a977e9b6-afab-4a52-ad9f-29c0faf8de5a","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5048765184","display_name":"Susanne K. Espenlaub","orcid":"https://orcid.org/0000-0003-1020-9820","observed_orcids":["https://orcid.org/0000-0003-1020-9820"]},"institutions":[{"id":"https://openalex.org/I28407311","display_name":"University of Manchester","ror":"https://ror.org/027m9bs27","country_code":"GB","type":"education","lineage":["https://openalex.org/I28407311"]}],"countries":["GB"],"is_corresponding":false,"raw_author_name":"Susanne Espenlaub","raw_affiliation_strings":["Accounting & Finance Group, Alliance Manchester Business School, University of Manchester, Booth Street West, Manchester M15 6PB, UK"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Accounting & Finance Group, Alliance Manchester Business School, University of Manchester, Booth Street West, Manchester M15 6PB, UK","institution_ids":["https://openalex.org/I28407311"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5003835192","display_name":"Arif Khurshed","orcid":"https://orcid.org/0000-0001-8407-0943","observed_orcids":["https://orcid.org/0000-0001-8407-0943"]},"institutions":[{"id":"https://openalex.org/I28407311","display_name":"University of Manchester","ror":"https://ror.org/027m9bs27","country_code":"GB","type":"education","lineage":["https://openalex.org/I28407311"]}],"countries":["GB"],"is_corresponding":true,"raw_author_name":"Arif Khurshed","raw_affiliation_strings":["Accounting & Finance Group, Alliance Manchester Business School, University of Manchester, Booth Street West, Manchester M15 6PB, UK"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Accounting & Finance Group, Alliance Manchester Business School, University of Manchester, Booth Street West, Manchester M15 6PB, UK","institution_ids":["https://openalex.org/I28407311"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5055181318","display_name":"Abdulkadir Mohamed","orcid":"https://orcid.org/0000-0002-2974-9467","observed_orcids":["https://orcid.org/0000-0002-2974-9467","https://orcid.org/0000-0001-8313-9531"]},"institutions":[{"id":"https://openalex.org/I82284825","display_name":"Cranfield University","ror":"https://ror.org/05cncd958","country_code":"GB","type":"education","lineage":["https://openalex.org/I82284825"]}],"countries":["GB"],"is_corresponding":false,"raw_author_name":"Abdulkadir Mohamed","raw_affiliation_strings":["Cranfield School of Management, Cranfield University, Central Ave, Cranfield, Bedford MK43 0AL, UK"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Cranfield School of Management, Cranfield University, Central Ave, Cranfield, Bedford MK43 0AL, UK","institution_ids":["https://openalex.org/I82284825"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5033431813","display_name":"Brahim Saadouni","orcid":"https://orcid.org/0000-0001-5234-2721","observed_orcids":["https://orcid.org/0000-0001-5234-2721"]},"institutions":[{"id":"https://openalex.org/I28407311","display_name":"University of Manchester","ror":"https://ror.org/027m9bs27","country_code":"GB","type":"education","lineage":["https://openalex.org/I28407311"]}],"countries":["GB"],"is_corresponding":false,"raw_author_name":"Brahim Saadouni","raw_affiliation_strings":["Accounting & Finance Group, Alliance Manchester Business School, University of Manchester, Booth Street West, Manchester M15 6PB, UK"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Accounting & Finance Group, Alliance Manchester Business School, University of Manchester, Booth Street West, Manchester M15 6PB, UK","institution_ids":["https://openalex.org/I28407311"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5003835192"],"corresponding_institution_ids":["https://openalex.org/I28407311"],"apc_list":{"value":4140,"currency":"USD","value_usd":4140},"apc_paid":null,"fwci":17.0689,"has_fulltext":false,"cited_by_count":45,"citation_normalized_percentile":{"value":0.9879646,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":99},"biblio":{"volume":"41","issue":null,"first_page":"139","last_page":"155"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.923799991607666,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.923799991607666,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.06109999865293503,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11903","display_name":"Private Equity and Venture Capital","score":0.009999999776482582,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/initial-public-offerings","display_name":"initial public offerings","score":0.9020000100135803},{"id":"https://openalex.org/keywords/strategic-investors","display_name":"strategic investors","score":0.996999979019165},{"id":"https://openalex.org/keywords/lock-up","display_name":"lockups","score":0.5899999737739563},{"id":"https://openalex.org/keywords/investor-commitment","display_name":"investor commitment","score":0.8949999809265137},{"id":"https://openalex.org/keywords/access-to-external-financing","display_name":"access to external financing","score":0.7450000047683716}],"concepts":[{"id":"https://openalex.org/C12559387","wikidata":"https://www.wikidata.org/wiki/Q185142","display_name":"Initial public offering","level":2,"score":0.9682022333145142},{"id":"https://openalex.org/C2780616401","wikidata":"https://www.wikidata.org/wiki/Q1133673","display_name":"Cornerstone","level":2,"score":0.8628342151641846},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.7472913265228271},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.5712294578552246},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.5124214291572571},{"id":"https://openalex.org/C206757995","wikidata":"https://www.wikidata.org/wiki/Q1665188","display_name":"Institutional investor","level":3,"score":0.4802556335926056},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.3456686735153198},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.3207361102104187},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.21432378888130188},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.09623605012893677},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C142362112","wikidata":"https://www.wikidata.org/wiki/Q735","display_name":"Art","level":0,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C153349607","wikidata":"https://www.wikidata.org/wiki/Q36649","display_name":"Visual arts","level":1,"score":0.0},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0}],"mesh":[],"locations_count":5,"locations":[{"id":"doi:10.1016/j.jcorpfin.2016.08.016","doi":"https://doi.org/10.1016/j.jcorpfin.2016.08.016","is_oa":false,"landing_page_url":"https://doi.org/10.1016/j.jcorpfin.2016.08.016","pdf_url":null,"source":{"id":"https://openalex.org/S152282257","display_name":"Journal of Corporate Finance","issn_l":"0929-1199","issn":["0929-1199","1872-6313"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-1","jufo-3","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Corporate Finance","raw_type":"journal-article"},{"id":"pmh:oai:pure.atira.dk:openaire/a977e9b6-afab-4a52-ad9f-29c0faf8de5a","doi":null,"is_oa":true,"landing_page_url":"https://research.manchester.ac.uk/en/publications/a977e9b6-afab-4a52-ad9f-29c0faf8de5a","pdf_url":null,"source":{"id":"https://openalex.org/S4306400662","display_name":"Research Explorer (The University of Manchester)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I28407311","host_organization_name":"University of Manchester","host_organization_lineage":["https://openalex.org/I28407311"],"host_organization_lineage_names":[],"type":"repository"},"license":"other-oa","license_id":"https://openalex.org/licenses/other-oa","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Espenlaub, S, Khurshed, A, Mohamed, A & Saadouni, B 2016, 'Committed Anchor Investment and IPO Survival -The Roles of Cornerstone and Strategic Investors', Journal of Corporate Finance, vol. 41, pp. 139-155. https://doi.org/10.1016/j.jcorpfin.2016.08.016","raw_type":"info:eu-repo/semantics/article"},{"id":"pmh:oai:RePEc:eee:corfin:v:41:y:2016:i:c:p:139-155","doi":null,"is_oa":false,"landing_page_url":"http://www.sciencedirect.com/science/article/pii/S0929119916301146","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:dspace.lib.cranfield.ac.uk:1826/10501","doi":null,"is_oa":true,"landing_page_url":"http://dspace.lib.cranfield.ac.uk/handle/1826/10501","pdf_url":null,"source":{"id":"https://openalex.org/S4306401778","display_name":"CERES (Cranfield University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I82284825","host_organization_name":"Cranfield University","host_organization_lineage":["https://openalex.org/I82284825"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"Article"},{"id":"pmh:oai:eprints.whiterose.ac.uk:147570","doi":null,"is_oa":false,"landing_page_url":"http://eprints.whiterose.ac.uk/147570/","pdf_url":null,"source":{"id":"https://openalex.org/S4306400854","display_name":"White Rose Research Online (University of Leeds, The University of Sheffield, University of York)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I2800616092","host_organization_name":"White Rose University Consortium","host_organization_lineage":["https://openalex.org/I2800616092"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Article"}],"best_oa_location":{"id":"pmh:oai:pure.atira.dk:openaire/a977e9b6-afab-4a52-ad9f-29c0faf8de5a","doi":null,"is_oa":true,"landing_page_url":"https://research.manchester.ac.uk/en/publications/a977e9b6-afab-4a52-ad9f-29c0faf8de5a","pdf_url":null,"source":{"id":"https://openalex.org/S4306400662","display_name":"Research Explorer (The University of Manchester)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I28407311","host_organization_name":"University of Manchester","host_organization_lineage":["https://openalex.org/I28407311"],"host_organization_lineage_names":[],"type":"repository"},"license":"other-oa","license_id":"https://openalex.org/licenses/other-oa","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Espenlaub, S, Khurshed, A, Mohamed, A & Saadouni, B 2016, 'Committed Anchor Investment and IPO Survival -The Roles of Cornerstone and Strategic Investors', Journal of Corporate Finance, vol. 41, pp. 139-155. https://doi.org/10.1016/j.jcorpfin.2016.08.016","raw_type":"info:eu-repo/semantics/article"},"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"display_name":"Partnerships for the goals","id":"https://metadata.un.org/sdg/17","score":0.6000000238418579}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":19,"referenced_works":["https://openalex.org/W1600502388","https://openalex.org/W1696396578","https://openalex.org/W1840218356","https://openalex.org/W2010631330","https://openalex.org/W2015498051","https://openalex.org/W2027503223","https://openalex.org/W2038100052","https://openalex.org/W2078420105","https://openalex.org/W2081869408","https://openalex.org/W2085162670","https://openalex.org/W2107482271","https://openalex.org/W2115262103","https://openalex.org/W2132582515","https://openalex.org/W2150841109","https://openalex.org/W2337318249","https://openalex.org/W2512469588","https://openalex.org/W3121662999","https://openalex.org/W3122258279","https://openalex.org/W4229592104"],"related_works":["https://openalex.org/W2207362493","https://openalex.org/W2997765555","https://openalex.org/W7005696633","https://openalex.org/W2346376932","https://openalex.org/W3162124409","https://openalex.org/W2768259564","https://openalex.org/W4416972465","https://openalex.org/W4413992651","https://openalex.org/W7216137251","https://openalex.org/W3106935177"],"abstract_inverted_index":null,"counts_by_year":[{"year":2026,"cited_by_count":4},{"year":2025,"cited_by_count":7},{"year":2024,"cited_by_count":4},{"year":2023,"cited_by_count":6},{"year":2022,"cited_by_count":2},{"year":2021,"cited_by_count":4},{"year":2020,"cited_by_count":4},{"year":2019,"cited_by_count":5},{"year":2018,"cited_by_count":5},{"year":2017,"cited_by_count":3},{"year":2016,"cited_by_count":1}],"updated_date":"2026-09-24T07:57:37.273135","created_date":"2016-09-16T00:00:00"}