We study the impact of country-level short selling constraints on IPO underpricing. Examining 17,151 IPOs from 36 … countries, we find that IPO underpricing tends to be greater in countries that ban short selling or security lending and in … the positive relation between investor sentiment and underpricing. Additional evidence suggests that higher quality …

-building. We focus on the IPO initial underpricing, long-run performance and after market liquidity problems. 1. We propose that …-determinant for the successful IPO deal completion. We propose the Ledenyov theory on the origins of the IPO underpricing and long … term underperformance effects, which states that the IPO underpricing and long term underperformance can be explained by …

The phenomenon of initial public offering (IPO) underpricing has been extensively researched in the literature, however …, the underpricing of family firms has received little attention. This is even more prevalent when it comes to underpricing … of family firms in an emerging market such as the Saudi Arabian market. This study explores the IPO underpricing …

contributes to the underpricing literature by focusing on the complementary or rather competing role of venture capitalists and …/or underwritten by a top bank are expected to show less underpricing at the initial public offering (IPO) due to a reduced ex …

interest, underpricing, is in fact positively related to average property yields for a 12-month post-IPO period; a result that … EPCs reveal that underpricing levels are a function of company-specific ex ante uncertainty proxies. In contrast, property …-specific ex ante uncertainty proxies do not explain underpricing levels …

both underpricing and trading at the IPO. We test this intuition by constructing a geography-based measure of “local short … hypotheses, we find that local short-term demand is strongly positively related to IPO underpricing and after-market trading …

The underpricing of initial public offerings (IPOs) is a deeply investigated phenomenon, commonly explained with … asymmetric information and risk. Ellul and Pagano (2006) first linked the underpricing with liquidity proxies like liquidity risk …-initiated block trade, and the underpricing to the price pressure effect of the trade itself, which means the price for the liquidity …

We conjecture that the Dotcom abnormal underpricing resulted from the emergence a large cohort of firms racing for …, firms' strategic goals and characteristics fully explain the abnormal underpricing. Contrary to alternatives explanations …, underpricing was not associated with top underwriting; there was no deterioration of issuers' quality; and top underwriters and …