Tian, Lihui (contributor) - 2002 - [Elektronische Ressource]
of IPO firms are +31.1%. Confirmed by the studies of
Liu and Li (2001) and Chi and Padgett (2002), the long … event month to event month s with
adjustment on market indices; r is the monthly raw returns and I define 21-day as one … underpricing. Shiller (1990) argues that, with underpricing,
the underwriters create excess demand and make the offering an “event …