Anderson, Seth C; Born, Jeffery A; Beard, T Randolph - In: The Financial Review 26 (1991) 2, pp. 211-22
In this study, the authors investigate the return behavior of bond investment company initial public offerings. Samples of these initial public offerings collected for the periods 1973-76 and 1986-87 exhibited negative returns to investors. The findings are in contrast to those usually reported...