Amiram, Elias; Zachary, Sheaffer; Uri, Ben Zion - In: Cuadernos de Economía - Spanish Journal of Economics … 34 (2011) 96, pp. 145-152
Contrary to findings reported in the extant IPO literature between 2001 and 2006, average first-day returns in Israel's stock market resulted in a deficit return of -1.2% and the average one-year return resulted in an excess return of 10.5%. Estimating the relationship between yields and various...