Market Segmentation and IPO-Underpricing : Implications of an Analysis of 809 European IPOs

Based on the implications of Rock (1986) and Beatty/Ritter (1986) this study focuses on the influence of vertical market segmentation. The analysis of 435 German IPOs from 1997-2002 shows that the empirical findings are not clear in harmony with what would be expected.

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Year of publication:	2003-11-01
Authors:	Hunger, Adrian
Publisher:	Universität <München> / Fakultät für Betriebswirtschaft
Subject:	Wertpapieremission \| Unterbewertung \| underpricing \| Neuer Markt

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Extent:	322560 bytes 36 p. application/pdf
Series:	Universität München - Fakultät für Betriebswirtschaft - (Veröffentlichungen) Münchener betriebswirtschaftliche Beiträge ; 2 (2003)
Type of publication:	Book / Working Paper
Language:	English
Classification:	Financial theory ; Individual Working Papers, Preprints ; Germany. General Resources
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10009138413