Results 191 to 200 of about 22,624 (248)
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A Review of IPO Underpricing: Evidences from Developed, Developing and Emerging Markets
Journal of Contemporary Issues and Thought, 2021The empirical evidence of high initial return from Initial Public Offerings (IPO) phenomena known as underpricing. From last three decades, it is an ongoing issue of every financial market throughout the world.
Waqas Mehmood, R. M. Rashid, A. Tajuddin
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SSRN Electronic Journal, 2017
We conjecture that the Dotcom abnormal underpricing resulted from the emergence a large cohort of firms racing for market leadership/survivorship. Fundamentals pricing at the IPO was part of their strategy. Consistent with our conjecture, firms’ strategic goals and characteristics fully explain the abnormal underpricing.
Antonio Gledson De Carvalho +2 more
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We conjecture that the Dotcom abnormal underpricing resulted from the emergence a large cohort of firms racing for market leadership/survivorship. Fundamentals pricing at the IPO was part of their strategy. Consistent with our conjecture, firms’ strategic goals and characteristics fully explain the abnormal underpricing.
Antonio Gledson De Carvalho +2 more
openaire +2 more sources
Impact of news sentiment and topics on IPO underpricing: US evidence
International Journal of Accounting and Information Management, 2021Purpose The goal of the study is to examine the effects of news sentiment and topics dominating in the news field prior to the initial public offering (IPO) on the IPO underpricing.
Elena Fedorova, S. Druchok, P. Drogovoz
semanticscholar +1 more source
Air pollution and initial public offering underpricing
, 2021We examine the impact of air pollution in a city in which an initial public offering (IPO) firm is located to its IPO underpricing. Our findings suggest that when air pollution is severe, the IPO underpricing is high.
Xuehui Zhang, Jianhua Tan, Kam C. Chan
semanticscholar +1 more source
Institutional quality and initial public offering underpricing: Evidence from Hong Kong
Journal of Public Affairs, 2021Correspondence Waqas Mehmood, School of Economics, Finance and Banking, Universiti Utara Malaysia, 06010, Sintok, Kedah, Malaysia. Email: waqas.mehmood61@gmail.com The main objective of this research is to investigate the impact of institutional quality ...
Haitian Wei +3 more
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Shariah-compliance and IPO underpricing: evidence from Pakistan Stock Exchange
International Journal of Islamic and Middle Eastern Finance and Management, 2021Purpose This study aims to investigate the effect of Shariah-compliant status and Shariah regulation on initial public offering (IPO) underpricing in Pakistan.
Waqas Mehmood +3 more
semanticscholar +1 more source
Applied Financial Economics, 2004
This article analyses the first-day return of 182 IPOs listed on the Italian Stock Exchange from 1985 to 2001. It finds a significantly mean positive underpricing (21.87%). Contrary to the evidence detected in the USA by Loughran and Ritter and Ljungqvist and Wilhelm, it highlights that on the main board of the Italian Exchange IPO underpricing ...
CASSIA, Lucio +3 more
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This article analyses the first-day return of 182 IPOs listed on the Italian Stock Exchange from 1985 to 2001. It finds a significantly mean positive underpricing (21.87%). Contrary to the evidence detected in the USA by Loughran and Ritter and Ljungqvist and Wilhelm, it highlights that on the main board of the Italian Exchange IPO underpricing ...
CASSIA, Lucio +3 more
openaire +2 more sources
IPO underpricing and long-term performance in China: the perspective of price limit policy
Managerial Finance, 2021PurposeThe purpose of this paper is to explore how the price limit policy implemented in 2014 affects initial public offering (IPO) underpricing and long-term performance in China.Design/methodology/approachThe data are the IPOs from Shanghai Stock ...
Yuxin Wang, Guan Wang
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Nankai Business Review International, 2014
Purpose – The purpose of this paper is to model the Chinese unique regulation changes with the supply-and-demand analytical framework and structure the relationship between initial public offerings (IPO) underpricing and institutional changes with the comparative static method.
Wei Zhang, Lihui Tian
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Purpose – The purpose of this paper is to model the Chinese unique regulation changes with the supply-and-demand analytical framework and structure the relationship between initial public offerings (IPO) underpricing and institutional changes with the comparative static method.
Wei Zhang, Lihui Tian
openaire +1 more source
Governance reform and IPO underpricing
Journal of Corporate Finance, 2012Abstract Underpricing of IPOs in Thailand significantly drops following the country's major governance reform, indicating less price-protection by investors. The lower price-protection is associated with fewer instances of absolute control retention by pre-issue insiders during the post-reform period, not reduction in the expropriation risk.
Manapol Ekkayokkaya, Tulaya Pengniti
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