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What determines the success of an IPO? : analysis of IPO underpricing on the Warsaw stock exchange

Małachowski, Paweł; Gadowska-dos Santos, Dominika - In: Central European economic journal 8 (2021) 55, pp. 1-14

This article aimed to analyse the factors that influence the level of underpricing of an initial public offering (IPO … 2019. We discuss the theories that explain IPO underpricing and the research conducted so far on the Polish market. In the …-unrecognised factors determining IPO underpricing, which is a contribution to the current research on WSE trends. Our findings point to …

Persistent link: https://www.econbiz.de/10012435564

Determinants of Book Built IPO underpricing : differential issue size and market momentum approach revisited

Suresha B.; Nayak, Surekha; Krishna T. A.; Thomas, Rejoice - In: Cogent economics & finance 11 (2023) 2, pp. 1-18

markets, especially in emerging markets. Investors perceived underpricing creates undue market momentum during the offer … underpricing by considering a sample of 180 Book Built IPOs that went public in India between 2011 and 2020. The determinants were … capabilities of firm-specific and market momentum factors for underpricing using OLS models. Concerning the differential issue size …

Persistent link: https://www.econbiz.de/10014501010

Does ERM sophistication drive IPO initial performance in emerging market? : evidence from Malaysian market

Norliza Che Yahya; Siti Sarah Alyasa-Gan; Rasidah … - In: ACRN journal of finance and risk perspectives 11 (2022), pp. 141-157

The escalation of complexity and multidimensional (internal and external) factors bring companies to a position where risk management should be of main concern. Enterprise Risk Management (ERM) adoption and the extent of ERM implementation is seen as a guaranteeing element to increase the value...

Persistent link: https://www.econbiz.de/10014235058

Size, value effects and the explanatory power of pricing models : evidence from BSE listed Indian industries

Sharma, Bhumiswor; Srikanth P; Suresha B. - In: Scientific papers of the University of Pardubice 30 (2022) 2, pp. 1-17

The firm size and value anomalies are the global-level counterpart for explaining the cross-sectional variations of equity returns. The purpose of this paper is to examine the size, value effects and the explanatory power of three well-known pricing models - CAPM, three-and five-factor across...

Persistent link: https://www.econbiz.de/10014440925

Measuring the effect of the North Korea-U.S. summit on the South Korean stock market

Huy Pham; Al-Hares, Osama M.; Ramiah, Vikash; Moosa, Nisreen - In: Cogent economics & finance 7 (2019) 1, pp. 1-22

We examine the effects of the North Korea-U.S. summit and related events on the South Korean stock market over the period March 2018 to June 2018. Employing the event study methodology, we estimate sectoral abnormal returns following the events surrounding the summit and conduct several...

Persistent link: https://www.econbiz.de/10014232764

Measuring the impacts of Argentina's presidential election process in 2023 on the stock market performance using a dynamic event study methodology

Sandoval Álamos, Eduardo Enrique; Mac-Kay, Claudio … - In: Risks : open access journal 13 (2025) 1, pp. 1-27

This study measured the individual and conjoint effects of Argentina's primaries and first- and second-voting presidential election results, as well as their post-election comparative effects, on the stock market performance of its most relevant economic sectors. Within four different estimation...

Persistent link: https://www.econbiz.de/10015331104

Abnormal returns and idiosyncratic volatility puzzle : an empirical investigation in Vietnam stock market

Vo Xuan Vinh; Van Phong Vo; Thanh Phuc Nguyen - In: Cogent economics & finance 8 (2020) 1, pp. 1-25

This paper aims to examine the relation between idiosyncratic volatility (IVOL) and stock returns with full-sample and conditional alpha sub-samples in Vietnam stock market covering the period from January 2008 to December 2018. We test the IVOL effect on stock returns employing Fama-Macbeth...

Persistent link: https://www.econbiz.de/10012219258

The effects of relative strength of USD and overnight policy rate on performance of Malaysian stock market : evidence from 1980 through 2015

Abdul Razak Abdul Hadi; Tat Hiung Yap; Zainudin, Zalina - In: Contemporary economics 13 (2019) 2, pp. 175-186

The study is carried out with the objective of testing the efficient market hypothesis (EMH) at the semistrong form level. As such, the study employs two publicly available data variables – the exchange rate (RM/USD) and short-term interest rate as proxied by the overnight policy rate (OPR)....

Persistent link: https://www.econbiz.de/10012176400

Quantile risk-return trade-off

Aslanidis, Nektarios; Christiansen, Charlotte; Savva, … - In: Journal of risk and financial management : JRFM 14 (2021) 6, pp. 1-14

We investigate the risk-return trade-off on the US and European stock markets. We investigate the non-linear risk-return trade-off with a special eye to the tails of the stock returns using quantile regressions. We first consider the US stock market portfolio. We find that the risk-return...

Persistent link: https://www.econbiz.de/10012587977

Extreme returns and idiosyncratic risks : evidence from an emerging market

Cho, Eunyoung - In: Journal of derivatives and quantitative studies : … 29 (2021) 1, pp. 29-48

In this paper, we show that there is a negative premium for MAX stocks in the Korean stock market. However, there is no evidence that the MAX effect overwhelms the effects of idiosyncratic risk. When we control for idiosyncratic risk, the negative relationship between extreme returns and future...

Persistent link: https://www.econbiz.de/10012592789