Initial Public Offering (IPO)financeinvestmentperformanceThe underpricing of initial public offerings (IPOs) in the Chinese market is higher than in other markets. This paper analyses both initial underpricing and londoi:10.2139/ssrn.2139126Abidin, Sazali...
There is still no consensus on whether IPO initial return represents rational underpricing or irrational sentiment in the US market or both. The ambiguity puts empirical studies in an awkward situation. When a factor is found to be associated with IPO initial returns, we are not sure which theor...
WHAT DRIVES THE UNDERPRICING OF VENTURE CAPITAL BACKED IPOS? This paper investigates the differential underpricing of IPOs with and without venture capital backing. The previous literature in the area has found mixed... D Flagg,J Qi,H Wan - 《International Journal of Accounting Information Science ...
This paper reexamines the litigation risk hypothesis of initial public offering (IPO) underpricing in different legal and economic environments. When litig... Y Zhu - 《Financial Management》 被引量: 54发表: 2010年 Informed Lending and the Structure of Loan Syndicates - Evidence from the European...
In this paper we analyze IPO underpricing on the Warsaw Stock Exchange between 2003 and 2011. The average initial return was positive (14.2%), which is sim... R Sieradzki - 《Nbp Working Papers》 被引量: 13发表: 2013年 Thai Stocks: What Goes Up… Talk about a reversal of fortunes. ...
aTo achieve the above objectives, this article is organized as follows. Section II presents a brief description of GEM while Section III reviews the three major explanations of IPO underpricing that are going to be examined. Section IV discusses 要达到上述目标,这篇文章如下被组织。 第II部分提出宝...
aTo achieve the above objectives, this article is organized as follows. Section II presents a brief description of GEM while Section III reviews the three major explanations of IPO underpricing that are going to be examined. Section IV discusses 要达到上述目标,这篇文章如下被组织。 第II部分提出宝...
We find mixed support for the certification hypothesis when testing for the effect of intermediary reputation on IPO issuer wealth loss. Further, the impact of intermediary involvement on underpricing is not significantly different for the different levels of intermediary involvement once issue ...
(IPO). The roadshow is a sales pitch or promotion made by theunderwritingfirm and a company's management team to potential investors before going public. Roadshows generally take place in major cities and are meant to drum up interest in the upcoming offer. Potential investors are introduced ...
Investment bank reputation and the underpricing of initial public offerings J. Financ. Econ. (1986) M.M. Boyer et al. Is corporate governance risk valued? Evidence from directors’ and officers’ insurance J. Corp. Finance (2012) P. Clarkson et al. The association between audit quality, reta...