Results 211 to 220 of about 22,624 (248)
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Unionization and IPO Underpricing
SSRN Electronic Journal, 2018This paper investigates the impact of labor unionization on IPO underpricing. We demonstrate that the existence of unions reduces underpricing by 11.20%. Unionized IPOs are associated with downward offer-price revisions, higher cost of capital, inferior firm-operating performance, and incremental failure risk.
Antonios Chantziaras +2 more
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Asymmetric Effect of Media Tone on IPO Underpricing and Volatility
Emerging markets finance & trade, 2020Because of asymmetric information between issuing companies and investors, media coverage plays an important role in conveying information to investors during an initial public offering (IPO).
G. Zou, Hang Li, J. Meng, Chunying Wu
semanticscholar +1 more source
Financial Analysts Journal, 1987
(1987). Underpricing in Canadian IPOs. Financial Analysts Journal: Vol. 43, No. 6, pp. 48-55.
Vijay M. Jog, Allan L. Riding
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(1987). Underpricing in Canadian IPOs. Financial Analysts Journal: Vol. 43, No. 6, pp. 48-55.
Vijay M. Jog, Allan L. Riding
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Underpricing, Stabilization, and Governance
SSRN Electronic Journal, 2005Arugaslan, Cook, and Kieschnick (2004) challenge underpricing results obtained from conventional cross-sectional regression analysis on the grounds that standard methods fail to properly account for underwriter price stabilization and adequately capture variations in information asymmetries related to firm size.
Chad J. Zutter, Scott B. Smart
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SSRN Electronic Journal, 2014
SEBI, the Indian securities market regulator has set a unique example for the entire world by introducing IPO grading in India. The purpose of this grading was to provide retail investors with a ready-made assessment of the fundamental quality of the issuer of an IPO, so they could make a better and informed investment decision in an era of information
Sudesh Kumar Sharma +2 more
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SEBI, the Indian securities market regulator has set a unique example for the entire world by introducing IPO grading in India. The purpose of this grading was to provide retail investors with a ready-made assessment of the fundamental quality of the issuer of an IPO, so they could make a better and informed investment decision in an era of information
Sudesh Kumar Sharma +2 more
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Auditor Selection and IPO Underpricing
2018This chapter focuses on the selection of an audit firm by UK initial public offering (IPO) firms. It documents that many IPO firms switch to an audit firm in a different segment (big, midsize, or small), which suggests that IPO firms carefully select an audit firm of a particular quality level before they go public. It examines whether the selection of
Koning, Miriam +2 more
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IPO underpricing and limited attention: Theory and evidence
Journal of Banking & Finance, 2023L. Liu +3 more
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Review of Financial Studies, 2004
While IPOs have been underpriced by more than 10% during the past two decades, we find that in a sample of more than 2,000 IPOs from 1980 to 1997, the median IPO was significantly overvalued at the offer price relative to valuations based on industry peer price multiples. This overvaluation ranges from 14% to 50% depending on the peer matching criteria.
Amiyatosh K. Purnanandam +1 more
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While IPOs have been underpriced by more than 10% during the past two decades, we find that in a sample of more than 2,000 IPOs from 1980 to 1997, the median IPO was significantly overvalued at the offer price relative to valuations based on industry peer price multiples. This overvaluation ranges from 14% to 50% depending on the peer matching criteria.
Amiyatosh K. Purnanandam +1 more
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Does the appointment of the three musketeers reduce IPO underpricing? global evidence
Eurasian Business Review, 2022F. Jamaani, M. Alidarous
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Investment banks and underpricing
2018After the Internet Bubble in 1999-2000, US investigators found that investment banks have manipulated initial public offerings (IPO) in differing schemes to create higher profits at the cost of investors and issuing firms. One of these schemes included profit sharing agreements in which an investment bank offered underpriced share allocations of ...
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