Determinants of Underpricing in Islamic and Non-Islamic Shares on IPO
This study aims at investigating the factors affecting the share’s underpricing in service companies of the Initial Public Offering (IPO) on the Indonesia Stock Exchange (IDX) covering the period from 2011 to 2017.
Vabila Ananta Setya +2 more
doaj +1 more source
Noise from online discussion forums: Evidence from IPOs in China
In this study, we use initial public offerings (IPOs) in China to investigate how online stock forums influence information asymmetry and IPO valuation. The empirical analysis isolates the underpricing and overvaluation components of initial returns. The
Qingqing Fei
doaj +1 more source
Market feedback, investment constraints, and managerial behavior [PDF]
This paper examines the joint role of market feedback and investment constraints on managerial behavior. Using a sample of UK fixed price initial public offerings, we show that underperformance of share returns at the IPO significantly affects managerial
Hill, Paula C, Hillier, David
core +1 more source
Do CEOs With a Financial Background Matter for the Success of Newly Public Firms?
ABSTRACT We uncover strong evidence that newly public firms run by financial expert chief executive officers (CEOs) have a lower probability of involuntary delisting and a longer survival time in the aftermarket. This result is robust to alternative definitions of long‐term viability and endogeneity concerns.
Dimitrios Gounopoulos +3 more
wiley +1 more source
Corporate Hedging and IPO Underpricing in Türkiye
The initial public offerings (IPO) phenomenon remains one of the most nebulous and sophisticated issues in the financial industry. Numerous studies in different countries provide significant evidence by addressing various aspects of underpricing of IPOs.
Yusuf Aytürk, Caner Akbaba
doaj +1 more source
How does the creditor conflict affect bond IPO underpricing?
In this paper, we find that the conflict of interest between loan holders and bondholders is positively related to bond IPO underpricing, which serves as a compensation to the initial bond investors.
Susheng Wang +3 more
doaj +1 more source
Navigating New Terrain: Domestic Geographical Dispersion and IPO Survival in the United States
ABSTRACT Using a text‐based measure to capture firms’ domestic geographic diversification within the United States, this study finds that newly listed firms with extensive geographic dispersion face an elevated risk of failure. This vulnerability is especially pronounced in industries dominated by soft information environments, where effective ...
Dimitrios Gounopoulos +2 more
wiley +1 more source
Underpricing And Herding Behaviour Ipo Stock In Covid-19 Pandemic At Indonesian Stock Exchange
This study aims to empirically test whether there is underpricing and herding behavior in companies that have just IPO on the Indonesia Stock Exchange in 2020. The selection in 2020 is because the stock exchange experiences high trading volatility due to
Suramaya Suci Kewal +1 more
doaj +1 more source
A New Approach to Underpricing Phenomenon in Poland
The purpose of the article/hypothesis. The purpose of the article is to identify and assess the underpricing of initial public offerings in Poland on the regulated and alternative markets, considering the division of total underpricing into primary ...
Dorota Podedworna-Tarnowska
doaj +1 more source
Pengaruh Ukuran Perusahaan dan Good Corporate Governance terhadap Underpricing Saham pada Saat Initial Public Offering pada Perusahaan Non-Keuangan yang Terdaftar di BEI Periode 2009-2012 [PDF]
Underpricingis a phenomenon that of tenoccurs incompanies doing IPOsin the stock market and has been demonstrated by several previous researchers.
Agulina, M. (Mira) +1 more
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