Dr Pia Helbing
- Senior Lecturer in Finance (Accounting & Finance)
email:
Pia.Helbing@glasgow.ac.uk
Room 6106, Adam Smith Business School, 2 Discovery Place, Glasgow, G11 6EY
https://orcid.org/0000-0002-4025-3235Biography
Pia holds a PhD in Finance from Trinity College Dublin. Before joining Glasgow in 2024, she held academic positions at the University of Edinburgh and the University of Leeds.
Pia has published a number of papers in leading academic journals and regularly presents her research at national and international conferences. She serves as Associate Editor for Finance Research Letters and Research in International Business and Finance, and acts as an ad hoc reviewer for a number of academic journals.
Research interests
Areas of expertise:
- Corporate Finance
- Venture Capital and Private Equity
Pia's research is centred around the area of corporate finance with a particular focus on a firm's financing decision across the life cycle. Here, she also examines the role of venture capital and private equity. Her recent research has looked at:
- IPO phenomena including withdrawal and overpricing,
- the performance of listed firms and their payout policies,
- cross-border investments, repeated syndications and investment styles of venture capital and private equity.
Publications
2025
Buchner, Axel, Helbing, Pia 
ORCID: https://orcid.org/0000-0002-4025-3235, Mohamed, Abdul and Yoon, Hyungseok David
(2025)
Does the same investment team create value? Evidence from venture capital syndication.
Small Business Economics,
(Accepted for Publication)
Rossovski, Jacqueline, Lucey, Brian and Helbing, Pia ORCID: https://orcid.org/0000-0002-4025-3235
(2025)
Determinants of IPO overpricing.
British Journal of Management, 36(1),
pp. 383-399.
(doi: 10.1111/1467-8551.12858)
2024
Cleverley, Freddie, Diaz-Rainey, Ivan, Helbing, Pia ORCID: https://orcid.org/0000-0002-4025-3235 and Zhang, Renzhu
(2024)
Green versus gray initial public offerings: ownership, withdrawal, and post-IPO performance.
Energy Journal,
(doi: 10.1177/01956574241281585)
(Early Online Publication)
Helbing, Pia ORCID: https://orcid.org/0000-0002-4025-3235 and Lucey, Brian M.
(2024)
A success dressed as a failure? Evidence from post‐IPO withdrawal outcomes in Europe.
European Financial Management, 30(5),
pp. 2682-2716.
(doi: 10.1111/eufm.12487)
Rossovski, Jacqueline, Lucey, Brian and Helbing, Pia ORCID: https://orcid.org/0000-0002-4025-3235
(2024)
The long-term performance of overpriced and underpriced initial public offerings.
Review of Corporate Finance,
(Accepted for Publication)
Buchner, Axel, Helbing, Pia ORCID: https://orcid.org/0000-0002-4025-3235, Mohamed, Abdulkadir and Yoon, Hyungseok (David)
(2024)
Historical military conflict and cross‐border VC performance: the role of ownership control.
British Journal of Management, 35(2),
pp. 992-1013.
(doi: 10.1111/1467-8551.12749)
2019
Helbing, Pia ORCID: https://orcid.org/0000-0002-4025-3235, Lucey, Brian M. and Vigne, Samuel A.
(2019)
The determinants of IPO withdrawal – Evidence from Europe.
Journal of Corporate Finance, 56,
pp. 415-436.
(doi: 10.1016/j.jcorpfin.2019.03.001)
Helbing, Pia ORCID: https://orcid.org/0000-0002-4025-3235
(2019)
A review on IPO withdrawal.
International Review of Financial Analysis, 62,
pp. 200-208.
(doi: 10.1016/j.irfa.2018.09.001)
2018
Lucey, B.M. et al. (2018) Future directions in international financial integration research - A crowdsourced perspective. International Review of Financial Analysis, 55, pp. 35-49. (doi: 10.1016/j.irfa.2017.10.008)
Articles
Buchner, Axel, Helbing, Pia ORCID: https://orcid.org/0000-0002-4025-3235, Mohamed, Abdul and Yoon, Hyungseok David
(2025)
Does the same investment team create value? Evidence from venture capital syndication.
Small Business Economics,
(Accepted for Publication)
Rossovski, Jacqueline, Lucey, Brian and Helbing, Pia ORCID: https://orcid.org/0000-0002-4025-3235
(2025)
Determinants of IPO overpricing.
British Journal of Management, 36(1),
pp. 383-399.
(doi: 10.1111/1467-8551.12858)
Cleverley, Freddie, Diaz-Rainey, Ivan, Helbing, Pia ORCID: https://orcid.org/0000-0002-4025-3235 and Zhang, Renzhu
(2024)
Green versus gray initial public offerings: ownership, withdrawal, and post-IPO performance.
Energy Journal,
(doi: 10.1177/01956574241281585)
(Early Online Publication)
Helbing, Pia ORCID: https://orcid.org/0000-0002-4025-3235 and Lucey, Brian M.
(2024)
A success dressed as a failure? Evidence from post‐IPO withdrawal outcomes in Europe.
European Financial Management, 30(5),
pp. 2682-2716.
(doi: 10.1111/eufm.12487)
Rossovski, Jacqueline, Lucey, Brian and Helbing, Pia ORCID: https://orcid.org/0000-0002-4025-3235
(2024)
The long-term performance of overpriced and underpriced initial public offerings.
Review of Corporate Finance,
(Accepted for Publication)
Buchner, Axel, Helbing, Pia ORCID: https://orcid.org/0000-0002-4025-3235, Mohamed, Abdulkadir and Yoon, Hyungseok (David)
(2024)
Historical military conflict and cross‐border VC performance: the role of ownership control.
British Journal of Management, 35(2),
pp. 992-1013.
(doi: 10.1111/1467-8551.12749)
Helbing, Pia ORCID: https://orcid.org/0000-0002-4025-3235, Lucey, Brian M. and Vigne, Samuel A.
(2019)
The determinants of IPO withdrawal – Evidence from Europe.
Journal of Corporate Finance, 56,
pp. 415-436.
(doi: 10.1016/j.jcorpfin.2019.03.001)
Helbing, Pia ORCID: https://orcid.org/0000-0002-4025-3235
(2019)
A review on IPO withdrawal.
International Review of Financial Analysis, 62,
pp. 200-208.
(doi: 10.1016/j.irfa.2018.09.001)
Lucey, B.M. et al. (2018) Future directions in international financial integration research - A crowdsourced perspective. International Review of Financial Analysis, 55, pp. 35-49. (doi: 10.1016/j.irfa.2017.10.008)
Supervision
Pia is interested in supervising PhD students in the wider area of corporate finance. The following topics are of particular interest:
- Initial Public Offerings
- Venture Capital and Private Equity
- Payout Policies
- Firm Performance
- Li, Weihan
ESG disclosure and IPO underpricing: comparison between developed and developing countries
