Results 61 to 70 of about 9,379 (192)

Who knows what when? : the information content of pre-IPO market prices : [Version Mai 2004] [PDF]

, 2004
To resolve the IPO underpricing puzzle it is essential to analyze who knows what when during the issuing process. In Germany, broker-dealers make a market in IPOs during the subscription period.
Löffler, Gunter, Panther, Patrick F., Theissen, Erik   +2 more
core  

Re‐examining investor sentiment and stock returns: A replication and extension of Baker and Wurgler (2006)

Economic Inquiry, Volume 64, Issue 1, Page 88-119, January 2026.
Abstract This study replicates and extends Baker and Wurgler's (2006) analysis on investor sentiment's impact on stock returns. We confirm their findings by demonstrating the significant cross‐sectional effect of sentiment in both their original sample (1963–2002) and a new sample (2002–2023).
Kaiwen Leong, Dan Li, Huailu Li, Chuangwei Peng, Zhanyu Xu   +4 more
wiley   +1 more source

“Earnings Management” as a Factor for Underpricing Initial Public Offerings: Evidence from the Warsaw Stock Exchange

Problemy Zarządzania, 2016
The paper undertakes the assessment of the relationship between “earnings quality” and the underpricing effect in initial public offerings (IPO). The research encompasses data found in the financial statements of companies making their IPO on the ...
Rafał Cieślik
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]

, 2014
Underpricingis a phenomenon that of tenoccurs incompanies doing IPOsin the stock market and has been demonstrated by several previous researchers.
Agulina, M. (Mira), Wijaya, E. Y. (Errin)   +1 more
core  

From Public to Internal Capital Markets: The Effects of Affiliated IPOs on Group Firms

European Financial Management, Volume 32, Issue 1, Page 31-51, January 2026.
ABSTRACT Using detailed corporate ownership data, we document the effects of group‐affiliated initial public offerings (IPOs) on other (unlisted) firms in the group. We find evidence of a persistent decrease in leverage (−6%) and increase in employment (+18%).
Simone Narizzano, Francesco Savino, Antonio Scalia, Luana Zaccaria   +3 more
wiley   +1 more source

Has there always been underpricing and long-run underperformance? : IPOs in Germany before World War I [PDF]

, 2000
This paper provides empirical evidence on initial public offerings (IPOs) by investigating the pricing and long-run performance of IPOs using a unique data set collected on the German capital market before World War I.
Schlag, Christian, Wodrich, Anja
core  

IPO Underpricing in Europe

, 2023
This thesis presents a comprehensive analysis of 1207 initial public offerings (IPOs) listed on various exchanges across Europe from January 2006 to December 2021. We find that on average the IPOs were underpriced at 12,7% when adjusted for market return.
Bakken, Caroline, Solberg, Mats Phillip
openaire   +1 more source

Can Politics Tame the Market? Market Responses to Government Control of Fully and Partially Privatized Firms in China

European Financial Management, Volume 32, Issue 1, Page 232-260, January 2026.
ABSTRACT This study examines factors influencing full (FP) versus partial (PP) privatization and how markets respond to government control in PP and FP firms. Exploiting China's 2005 NTS reform as a natural experiment, we find that treated PP firms experienced significantly lower post‐reform performance, driven by persistent private benefits of control,
Christos Mavrovitis (Mavis), Sarmistha Pal   +1 more
wiley   +1 more source

PRAKTEK MANAJEMEN LABA, UNDERPRICING DAN UNDERPERFORMANCE SAHAM (Studi Empiris pada Perusahaan yang IPO di Indonesia, Malaysia dan Thailand tahun 2010-2014) [PDF]

, 2016
This study aims to look at the influence of bothearnings management accrualand the real against the underpricing as measured by initial returns day of the firstIPO companies, as well as the influence of both accrual earnings management and the real ...
YULIUS SAHAT NAULI SITOMPUL, ANDRE
core  

Refinancing Risk, Liquidity and the Underpricing of Newly Issued Bonds

Accounting &Finance, Volume 65, Issue 4, Page 3428-3449, December 2025.
ABSTRACT This study examines the effect of refinancing risk and liquidity of bond offering firms on the underpricing of their seasoned corporate issues. Using a sample of 8697 U.S. seasoned corporate bond offerings during 2002–2023, we find that refinancing risk increases the initial returns of corporate bond offerings, while liquidity preceding the ...
Ju Hyun Kim, Heungju Park, Kyojik Song
wiley   +1 more source