Similar Search Results

Do differences in institutional and legal environments explain cross-country variations in IPO underpricing?

Hopp, Christian (contributor); Dreher, Axel (contributor) - 2007

We empirically analyze the determinants of Initial Public Offering (IPO) underpricing using panel data for 29 countries … variations in underpricing. When more information is available price discovery is facilitated, allowing for more effective … the market and require higher underpricing in return. Overall, we conclude that better investor protection and better …

Persistent link: https://www.econbiz.de/10003763979

Do differences in institutional and legal environments explain cross-country variations in IPO underpricing?

Hopp, Christian (contributor); Dreher, Axel (contributor) - 2007

Persistent link: https://www.econbiz.de/10003598649

Signaling by underpricing the initial public offerings of primary listings in an emerging market

Čornanič, Aleš; Novák, Jiri - 2013

The signaling hypothesis suggests that firms have incentives to underprice their initial public offerings (IPOs) to signal their quality to the outside investors and to issue seasoned equity (SEO) at more favorable terms. While the initial empirical evidence on the signaling hypothesis was weak,...

Persistent link: https://www.econbiz.de/10009775653

Round-the-clock price discovery for cross-listed stocks : US-Dutch evidence

Menkveld, Albert J.; Koopman, Siem Jan; Lucas, André - 2003

U.S. trading in non-U.S. stocks has grown dramatically. Round-the-clock, these stocks trade in the home market, in the U.S. marketand, potentially, in both markets simultaneously. We use a state space model to study 24-hour price discovery. As opposed to thestandard variance ratio'' approach,...

Persistent link: https://www.econbiz.de/10011333901

A managerial motive for initial public offering underpricing

Boulton, Thomas J. - 2006

Persistent link: https://www.econbiz.de/10009269716

Differential treatment in the bond market : sovereign risk and mutual fund portfolios

Converse, Nathan; Mallucci, Enrico - 2019

How does sovereign risk affect investors' behavior? We answer this question using a novel database that combines sovereign default probabilities for 27 developed and emerging markets with monthly data on the portfolios of individual bond mutual funds. We first show that changes in yields do not...

Persistent link: https://www.econbiz.de/10012126135

Taxonomy of global risk, uncertainty, and volatility measures

Datta, Deepa Dhume; Londono, Juan M.; Sun, Bo; Beltran, … - 2017

A large number of measures for monitoring risk and uncertainty surrounding macroeconomic and financial outcomes have been proposed in the literature, and these measures are frequently used by market participants, policy makers, and researchers in their analyses. However, risk and uncertainty...

Persistent link: https://www.econbiz.de/10011780277

Conditional skewness of stock market returns in developed and emerging markets and its economic fundamentals

Ghysels, Eric; Plazzi, Alberto; Valkanov, Rossen I. - 2011

We use a quantile-based measure of conditional skewness (or asymmetry) that is robust to outliers and therefore particularly suited for recalcitrant series such as emerging market returns. Our study is on the following portfolio returns: developed markets, emerging markets, the world, and...

Persistent link: https://www.econbiz.de/10009009566

The dotcom bubble and underpricing : conjectures and evidence

Carvalho, Antonio Gledson de; Pinheiro, Roberto B.; … - 2016

Persistent link: https://www.econbiz.de/10011593759

It hurts (stock prices) when your team is about to lose a soccer match

Ehrmann, Michael; Jansen, David-Jan - 2014

probability of underpricing increases as elimination from the tournament becomes more likely. …

Persistent link: https://www.econbiz.de/10010235888

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