Bhatia, Shikha; Singh, Balwinder - In: The IUP Journal of Applied Economics XII (2013) 3, pp. 7-37
The anomalous behavior of Initial Public Offerings (IPOs) has been extensively researched and debated. Numerous studies have documented stock price and operating underperformance of IPOs and suggested several reasons like earnings management, timing of issues, agency theory, etc., as causing...