Lin, Tsai-Yin; Yu, Jerry; Lin, Chia-Yi - In: Journal of risk and financial management : JRFM 14 (2021) 3, pp. 1-16
. Our findings are consistent with the literature related to the information asymmetry in IPO market. And, because the … information asymmetry is more severe in hot market condition, IPOs issued in hot market tend to exhibit poorer returns than those …