. Using comparable firm value, we separated the IPO initial returns into pre-market deliberate underpricing and aftermarket … evidence supporting the classic information theory on IPO underpricing but strong evidence supporting the behavioral arguments …

study extends the existing literature concentrating on the degree of underpricing over a 3-month period lasting from the … listing date to the 3-month anniversary showing significant evidence of IPO underpricing. The analyses support the investors … explanatory variables of IPO underpricing. The study finds that the aftermarket risk level of the IPO, the oversubscription ratio …

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 …

underpricing at 1% significance level leading us to conclude that SEOs in India are significantly underpriced. Analysis of abnormal …

Share issue privatization - i.e. privatization on public equity markets - is often claimed to foster stock market … development. In this paper, we provide an empirical assessment of this claim, testing the role of privatization on two market … liquidity measures in a panel with monthly data of 19 developed economies. Privatization is shown to be key in improving …