Results 41 to 50 of about 9,379 (192)
Misconduct complaints and agents’ incentives: Evidence from housing transactions
Real Estate Economics, EarlyView.Abstract This article investigates the impact of misconduct complaints against agents on their self‐interested incentives and examines how agents attempt to shield themselves from the associated adverse effects on their reputations and career prospects.
Lawrence Kryzanowski, Yanting Wu
wiley +1 more source
Rationale behind IPO Underpricing: Evidence from Asian REIT IPOs [PDF]
Real Estate Economics, 2018 AbstractThis article examines the rationale behind IPO underpricing using a sample of REIT IPOs in Asia. Although the IPOs registered an average initial return of 3.08%, the issuers were able to sell the IPO shares above their fundamental values by timing the listings in periods when existing REIT stocks are traded at a premium to their net asset ...
Ooi, Joseph T.L. +2 more
openaire +3 more sources
Country-Level Accounting Enforcement and IPO Underpricing
SSRN Electronic Journal, 2022 Using a sample of up to 2,503 initial public offerings (IPOs) in 32 countries from 2011–2017, we predict and find that higher levels of country‐level accounting enforcement are associated with lower levels of IPO underpricing. IPOs in countries with a relatively low accounting enforcement score (second quintile) exhibit a mean underpricing of 19 ...
Bigus, Jochen, Dreyer, Florian
openaire +2 more sources
Abacus, EarlyView.Initial public offering (IPO) underpricing, driven by information asymmetry, is a prevalent and serious global phenomenon. In addition to the influence of information providers such as IPO firms, investors’ ability to acquire information may also significantly affect IPO underpricing.
Haipeng Yu +3 more
wiley +1 more source
Market Manipulation Rules and IPO Underpricing
SSRN Electronic Journal, 2020 Using a large sample of 13,459 initial public offerings (IPOs) from 37 countries, we find that trading rules on market manipulation reduce IPO underpricing. The effect is weaker for IPOs certified by reputable intermediaries, in countries with greater shareholder rights protection, better financial reporting quality, and after the adoption of ...
Duong, Huu Nhan +3 more
openaire +2 more sources
The Lifecycle of Typical IPOs: The Characteristics of Surviving Firms
Accounting &Finance, EarlyView.ABSTRACT This paper explores the dynamics of firm evolution by analysing the timing and sequencing of a firm's innovation, investment, financing and payout decisions following an IPO. We apply real options theory to analyse our sample that includes all IPOs listed on the NYSE, NYSE MKT and NASDAQ since 1976, categorised into surviving, voluntarily ...
Jennifer Gippel +4 more
wiley +1 more source
Keunis, 2019 Stock underpricing is a situation where the stock price at the time of supply in the primary market lower than when traded in the secondary market. Stock Underpricing is unfavorable phenomenon for companies that go public, because the funds obtained the ...
Ulfa Setyaningsih +2 more
doaj +1 more source
Cogent Economics & Finance, 2023 Pricing of an Initial public offering (IPO) is a complex phenomenon. Price anomalies are commonly observed in IPO markets, especially in emerging markets.
Suresha B +3 more
doaj +1 more source
Analisis Pengaruh Reputasi Auditor, Reputasi Underwriter dan Leverage Pada IPO Underpricing (Studi Empiris pada Perusahaan yang Terdaftar di Bursa Efek Indonesia Periode 2010-2015) [PDF]
, 2016 This study aims to examine the relevant Initial Public Offering (IPO) made by the company are influenced by internal factors that consist of auditor reputation, underwriter reputation and leverage, for the dependent variable that IPO underpricing is ...
HAYYU, Farras Idrak El +1 more
core
Bank IPOs and Regulations: Cross‐Country Evidence
Financial Review, EarlyView.ABSTRACT The present paper investigates the effect of banking industry regulations on bank initial public offering (IPO) underpricing. We approach this question from both a micro‐level and macro‐level regulatory perspective. First, we conduct our analysis within a micro framework, focusing on the effect of disclosure rules on IPO underpricing.
Maria‐Eleni K. Agoraki +2 more
wiley +1 more source