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Year of publication
Subject
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Emissionskurs 1,066 Offering price 1,066 Börsengang 1,005 Initial public offering 1,005 Börsenkurs 441 Share price 441 Underpricing 398 Emissionsgeschäft 214 Underwriting business 214 Theorie 126 Theory 126 USA 124 United States 123 Asymmetric information 114 Asymmetrische Information 114 Capital income 111 Kapitaleinkommen 111 IPO underpricing 103 China 96 IPO 82 underpricing 78 Anlageverhalten 68 Behavioural finance 68 India 57 Indien 57 Initial public offerings 54 Welt 54 World 54 Estimation 53 Schätzung 53 Auction 52 Auktion 52 Deutschland 50 Germany 50 IPOs 48 Investment bank 44 Investmentbank 44 Aktienmarkt 41 Stock market 41 Auction theory 40
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Online availability
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Undetermined 317 Free 269 CC license 25
Type of publication
All
Article 739 Book / Working Paper 327
Type of publication (narrower categories)
All
Article in journal 697 Aufsatz in Zeitschrift 697 Graue Literatur 85 Non-commercial literature 85 Arbeitspapier 81 Working Paper 81 Aufsatz im Buch 38 Book section 38 Hochschulschrift 29 Thesis 27 Bibliografie enthalten 5 Bibliography included 5 Collection of articles of several authors 5 Sammelwerk 5 Conference paper 3 Konferenzbeitrag 3 Case study 2 Fallstudie 2 Handbook 2 Handbuch 2 Reprint 1 Systematic review 1 Übersichtsarbeit 1
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Language
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English 1,018 German 46 Danish 1 French 1 Italian 1
Author
All
Chan, Kam C. 16 Goyal, Abhinav 12 Gounopoulos, Dimitrios 11 Ritter, Jay 11 Veeraraghavan, Madhu 11 Khurshed, Arif 10 Wilhelm, William J. 10 Zhou, Zhong-guo 10 Boulton, Thomas J. 9 Jenkinson, Tim 9 Neupane, Suman 9 Degeorge, François 8 Womack, Kent 8 Chen, Anlin 7 Chen, Yangyang 7 Deng, Qi 7 Derrien, François 7 Ljungqvist, Alexander 7 Pichler, Pegaret 7 Stomper, Alex 7 Wu, Biyu 7 Brooks, Robert 6 Busaba, Walid Y. 6 Cornelli, Francesca 6 Gao, Shenghao 6 Goldreich, David 6 Huu Nhan Duong 6 Jones, Howard 6 Kao, Lanfeng 6 Kutsuna, Kenji 6 Vismara, Silvio 6 Yan, Chao 6 Aussenegg, Wolfgang 5 Dimovski, William 5 Goergen, Marc 5 Huyghebaert, Nancy 5 Kuntara Pukthuanthong 5 Neus, Werner 5 Smart, Scott B. 5 Walz, Uwe 5
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Institution
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The Wharton Financial Institutions Center 4 National Bureau of Economic Research 3 Centre for Economic Policy Research 1 Federal Reserve Bank of Cleveland 1 Gesellschaft für Ökologische Kommunikation mbH 1 Institute of Finance and Accounting <London> 1 London School of Economics and Political Science 1 New York Stock Exchange 1 Oxford Financial Research Centre 1
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Published in...
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The journal of corporate finance : contracting, governance and organization 40 Review of quantitative finance and accounting 23 Finance research letters 16 International review of financial analysis 16 The journal of finance : the journal of the American Finance Association 15 Journal of banking & finance 14 Pacific-Basin finance journal 14 International review of economics & finance : IREF 12 The review of financial studies 12 Discussion paper / Centre for Economic Policy Research 10 Journal of financial economics 10 Journal of multinational financial management 10 Research in international business and finance 10 Applied economics 9 Financial management 9 Journal of financial and quantitative analysis : JFQA 9 Journal of financial intermediation 9 Applied economics letters 8 Journal of financial markets 8 Journal of international financial markets, institutions & money 8 Asia-Pacific journal of financial studies 7 Finance India : the quarterly journal of Indian Institute of Finance 7 Management science : journal of the Institute for Operations Research and the Management Sciences 7 Working paper 7 Emerging markets finance & trade : a journal of the Society for the Study of Emerging Markets 6 Initial public offerings : an international perspective 6 Journal of economics and finance 6 The financial review : the official publication of the Eastern Finance Association 6 Applied financial economics 5 Journal of empirical finance 5 Journal of risk and financial management : JRFM 5 Nota di lavoro / Fondazione Eni Enrico Mattei 5 Review of Pacific Basin financial markets and policies 5 The Chinese economy 5 The quarterly review of economics and finance : journal of the Midwest Economics Association ; journal of the Midwest Finance Association 5 Venture capital : an international journal of entrepreneurial finance 5 Working paper / National Bureau of Economic Research, Inc. 5 Working papers / Financial Institutions Center 5 Discussion paper series / LSE Financial Markets Group 4 Economics letters 4
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Source
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ECONIS (ZBW) 1,066
Showing 1 - 50 of 1,066
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Decoding the impact of political uncertainty on IPO underpricing in China
Xie, Yamin; Ouyang, Wenjing; Wang, Hongxia - In: China Accounting and Finance Review 27 (2025) 1, pp. 40-71
Purpose - Political factors play a crucial role in China's initial public offering (IPO) market due to its distinctive institutional context (i.e. "economic decentralization" and "political centralization"). Given the significant level of IPO underpricing in China, we examine the impact of local...
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Mandatory ESG disclosure, information asymmetry, and litigation risk : evidence from initial public offerings
Boulton, Thomas J. - In: European financial management : the journal of the … 30 (2024) 5, pp. 2790-2839
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Trade secret laws and initial public offering underpricing
Chang, Chu-hsuan; Liang, Woan-lih; Yanzhi, Wang - In: Review of quantitative finance and accounting 63 (2024) 1, pp. 325-353
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Global IPO underpricing during the Covid-19 pandemic : the impact of firm fundamentals, financial intermediaries, and global factors
Zhang, Zikai; Neupane, Suman - In: International review of financial analysis 91 (2024), pp. 1-16
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Do anti-takeover provisions restrain IPO underpricing? : an analysis from the perspective of information asymmetry
Chen, Kejing; Li, Xiaolin; Wan, Qingqing; Ye, Jing; Yang, Mo - In: China Accounting and Finance Review 26 (2024) 1, pp. 55-75
Purpose Based on the textual-analyzed data covering 2148 IPO firms in China's stock market during the 2007-2018 period, the authors' purpose is to examine the influence of anti-takeover provision (ATP) adoption on initial public offerings (IPO) underpricing and identify the reducing effect of...
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The power of prediction with Google searches and social media posts : retail investor interest and IPO pricing
Choi, Ka Wai Stanley; Ma, Wentao; Ho, Shuk Ying; Wu, Dickson - In: Information & management : the international journal of … 61 (2024) 5, pp. 1-16
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How different institutional logics affect the female CEO gender effect on IPO underpricing in China
Liu, Yu Luna; Park, Haemin Dennis; Velamuri, S. Ramakrishna - In: Entrepreneurship theory and practice : ET&P 48 (2024) 2, pp. 451-477
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IPO price formation and board gender diversity
Rau, P. Raghavendra; Sandvik, Jason; Vermaelen, Theo - 2024 - Revised version of 2023/27/FIN
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Underwriter incentives and IPO pricing
Espenlaub, Susanne; Mohamed, Abdulkadir; Saadouni, Brahim - In: Journal of corporate finance 87 (2024), pp. 1-21
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COVID-19 media sentiment and IPO underpricing
Feng, Jie; Pan, Wanbin; Tao, Libin; Hu, Wenjing - In: Economics letters 234 (2024), pp. 1-5
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The intersection of supply chain operations and finance : logistics uncertainty and international IPO underpricing
Boulton, Thomas J.; Ellram, Lisa M. - In: Transportation research : an international journal 189 (2024), pp. 1-23
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Does sustainable development matter for initial public offering underpricing?
Boulton, Thomas J. - 2024
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The impact of prospectus language on IPO underpricing : a textual analysis of European IPOs
Bodman, Nicolas von - In: Junior management science 9 (2024) 4, pp. 1934-1963
This study explores the impact of IPO prospectus language on the prevalent underpricing in European IPOs, using natural language processing techniques. Specifically, it investigates whether a relationship exists between litigious, negative, positive, and uncertain language, as well as the degree...
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The Impacts of Registration Regime Implementation on Ipo Pricing Efficiency
Deng, Qi; Zheng, Linhong; Peng, Jiaqi; Li, Xu; Zhou, … - 2023
We study the impacts of regime changes and related rule implementations on IPOs’ initial return for China’s entrepreneurial boards (ChiNext and STAR). We propose that an initial return contains the issuer’s fair value and an investors’ overreaction and examine their magnitudes and...
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Evidence on the Effect of ‘Claw-Back’ Provisions on IPO Share Allocation and Underpricing in Hong Kong
Vong, Anna; Trigueiros, Duarte - 2023
The article examines share allocation practices of over 300 initial public offerings (IPOs) in Hong Kong during the years immediately following the enacting of a ‘Claw-Back’ provision for IPO share reallocation. The examination of exhaustive micro-level data reveals that small (uninformed,...
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Determinants of IPO´s underpricing : a systematic review
Oliveira, Carlos Henrique Firmino de; Lebre Rodrigues, … - In: Contemporary economics 17 (2023) 3, pp. 252-274
In an Initial Public Offering (IPO) process, it is expected that there will be different share price valuations by professionals, due to market flaws, meaning information asymmetry among investors. For stockholders - who previously formed the corporate structure of the company - an IPO opens up...
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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
Pricing of an Initial public offering (IPO) is a complex phenomenon. Price anomalies are commonly observed in IPO markets, especially in emerging markets. Investors perceived underpricing creates undue market momentum during the offer period with an asymmetric effect across different issue...
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Country-level accounting enforcement and IPO underpricing
Bigus, Jochen; Dreyer, Florian - In: Abacus : a journal of accounting, finance and business … 59 (2023) 3, pp. 735-775
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The impact of IFRS mandate and institutional governance on underpricing and aftermarket performance of IPO shares in Turkey
Azimli, Asil - In: Financial innovation : FIN 9 (2023) 1, pp. 1-35
Along with the European Union, policymakers in Turkey passed a regulation that mandated all listed companies use the International Financial Reporting Standards (IFRS) starting from January 1, 2005. Using a before-after estimation design, this study examines the impact of this policy change and...
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ESG disclosures and the decision to go public
Cumming, Douglas J. - 2023
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Underpricing and aftermarket performance of IPOs during the Covid-19 period : evidence from Istanbul stock exchange
İlbasmış, Metin - In: Borsa Istanbul Review 23 (2023) 3, pp. 662-673
The effect of uncertainty on IPO underpricing, short-term performance after IPO, and hot-and-cold-IPO market cycles have received a great deal of attention in the literature. This study revisits these issues of IPO activities under the Covid-19 pandemic with a focus on the Turkish IPO market....
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IPO price formation and board gender diversity
Rau, P. Raghavendra; Sandvik, Jason; Vermaelen, Theo - 2023 - Revised version of 2022/10/FIN
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A European empirical study of institutional differences in IPOs anomalies
Alvarez, Susana - In: Journal of risk and financial management : JRFM 16 (2023) 1, pp. 1-24
The present research shows the influence of institutional differences on the performance of initial public offerings (IPOs), both at the level of initial underpricing and at the level of 1-, 3- and 5-year performance. Our results represent a relevant empirical contribution to the international...
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Do anti-corruption campaigns affect IPO underpricing? : evidence from a central discipline inspection of the CSRC in China
Yan, Chao; Li, Zai; Wang, Jiaxin - In: China journal of accounting research : CJAR 16 (2023) 1, pp. 1-24
The system of central discipline inspections has become a key anti-corruption governance tool in China since 2013. This paper investigates the impact of a central discipline inspection of the China Securities Regulatory Commission (CSRC) on initial public offering (IPO) underpricing. We find...
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Microblog publicity and IPO underpricing
Dou, Chao; Yang, Xue; Bai, Xuejin; Sun, Rui - In: China journal of accounting studies 11 (2023) 1, pp. 184-205
Based on many cases of publicity using social media in the market, this paper empirically examines the damage of microblog publicity to market efficiency by using the sample of IPO companies. The results show that the companies posting microblogs during the IPO publicity period have higher IPO...
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Offering method and pricing of IPOs : an analysis of stock IPOs in the Netherlands, 1918-1939
Legierse, Wilco - In: De economist : Netherlands Economic Review 171 (2023) 3, pp. 207-238
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Are Green Ipos Underpriced in Alternative Investment Markets?
Kowalewski, Oskar; Wahid, Abdul; Mumtaz, Muhammad Zubair - 2023
The notion of green financing has generally evolved around environmental sustainability and protection. This concept needs to be investigated from the perspective of “sustainably” achieving economic targets and simultaneously protecting the globe for future generations. Building on this...
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Auctions Versus Bookbuilding : The Effects of IPO Regulation in Japan
Lehmann, Timo; Weber, Matthias - 2023
We analyze a regulatory change in the Japanese IPO market that created an abrupt shift from hybrid price-discriminatory auctions to bookbuilding. We find that bookbuilding leads to higher underpricing than hybrid price-discriminatory auctions. Furthermore, we find evidence that price accuracy...
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Innovations in IPO deal structure : do Up-C IPOs harm public shareholders?
Billings, Mary Brooke; Hsueh, Kevin; Lewis-Western, … - In: Management science : journal of the Institute for … 69 (2023) 5, pp. 3048-3079
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Pre-IPO financial performance and offer price estimation : evidence from India
Yadav, Ajay; Prosad, Jaya Mamta; Sumanjeet Singh - In: Journal of risk and financial management : JRFM 16 (2023) 2, pp. 1-19
The primary focus of this paper is to develop an empirical model to study the relationship between key Financial Performance Indicators and IPO Offer Prices. It seeks to assist Indian IPO investors to make more informed decisions by advancing their knowledge about relevant Pre-IPO Financial...
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Auctions versus bookbuilding : the effects of IPO regulation in Japan
Lehmann, Timo; Weber, Matthias - In: The financial review : the official publication of the … 58 (2023) 1, pp. 117-141
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Exit-Strategie Klimawährung ECO : mit persönlichen Emissionsbudgets das Klimaziel erreichen
Hanson, Angela; Hanson, Jens - 2023
Der Klimawandel zählt zu den größten Herausforderungen, die wir derzeit als Gesellschaft zu bewältigen haben. Aber die bisherigen Maßnahmen der Politik reichen nicht aus. Die Emissionen steigen von Jahr zu Jahr und waren noch nie so hoch wie heute. Deshalb braucht es ein zuverlässiges und...
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Do Media Connections Help? Evidence from IPO Pricing in China
Yan, Chao; Wang, Jiaxin; Wang, Zhi; Chan, Kam C. - 2023
This study examines how social connections between media executives and firms affect initial public offering (IPO) pricing using manually collected Chinese data. We find media-connected firms receive more frequent and more positive coverage than their unconnected peers, resulting in reduced IPO...
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IPO Price Formation and Analyst Coverage
Weber, Joseph; Willenborg, Michael; Wu, Biyu; Yang, … - 2023
Given important market and regulatory changes over the past two decades, we re-examine the relation between IPO pricing and coverage by sell-side stock analysts. Our design builds on the well-documented finding of the partial adjustment phenomenon, in that the IPO offer price revision following...
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Another Look at Bookbuilding, Auctions, and the Future of the IPO Process
Wilhelm, William J.; Morrison, Alan; Chen, Zhaohui - 2023
In an earlier series of articles published in this journal, one of the three authors of this article predicted the rise of auction IPOs, possibly to the point of displacing the traditional bookbuilding process for pricing and allocating IPOs, only to find himself forced to explain in later...
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Unveiling differential patterns in IPO and SEO underpricing : a comparative analysis of high-quality and low-quality firms
Panda, Amrit; Deb, Soumya Guha - In: Applied economics letters 32 (2025) 3, pp. 337-345
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Unintended consequence of high bid price exclusion in IPO auctions : evidence from China
Wu, Di; Cheng, Xiaoke; Chan, Kam C.; Gao, Shenghao - In: Journal of financial markets 72 (2025), pp. 1-19
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An investigation of IPOs initial performance in Indonesian market
Agustina, Lidya; Clara, Anastasia - 2025
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Bigger pie, bigger slice : liquidity, value gain, and underpricing in IPOs
Guo, Yang; Li, Yuanzhi; Zhong, Hongda - In: Journal of financial markets 72 (2025), pp. 1-27
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Does CEO celebrity affect IPO underpricing? : evidence from the strategic emerging industries in China
Yang, Shuai; Zhao, Yu; Wu, Chao - 2025
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How underinvestment reduces underpricing
Bade, Marco; Hirth, Hans - 2025
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You Scratch My Back and I Scratch Yours : Evidence on Relationship-Based Bidding in IPO Pricing
Wang, Wenjun - 2022
Using a unique data set for a large sample of institutional bids for Chinese IPOs, we study how relationships with lead underwriters impact mutual funds’ willingness to bid in the bookbuilding process. Our paper finds that strong business ties lead to higher bid prices. The effect is more...
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Worth Love? Narcissism and IPO Underpricing
He, Jie; Zhang, Linlang; Li, Changwei; Chan, Kam C. - 2022
Using hand-collected data on the signature size of managers among Chinese initial public offerings (IPOs) from 2007 to 2019 to proxy for managerial narcissism, we examine how IPOs with narcissistic managers (narcissistic IPOs) impact IPO underpricing. The findings suggest that narcissistic IPOs...
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Are Green Ipos Underpriced in Alternative Investment Markets?
Kowalewski, Oskar; Wahid, Abdul; Mumtaz, Muhammad Zubair - 2022
The notion of green financing has generally evolved around environmental sustainability and protection. This concept needs to be investigated from the perspective of “sustainably” achieving economic targets and simultaneously protecting the globe for future generations. Building on this...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014239317
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Innovations in IPO Deal Structure : Do Up-C IPOs Harm Public Shareholders?
Billings, Mary Brooke; Hsueh, Kevin; Lewis-Western, … - 2022
This paper examines an innovation in capital formation that has spurred contentious debate: theUmbrella Partnership Corporation (“Up-C”) IPO. Advisors and underwriters argue that the Up-C deal structure is a driver of post-IPO value and, thus, is a value-enhancing means of raising capital...
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Societal Secrecy and IPO Underpricing
Chen, Yangyang; Chui, Andy C. W.; Goyal, Abhinav; … - 2022
We examine how societal secrecy affects the underpricing of initial public offerings (IPOs). Using a large sample of 18,304 IPOs across 38 countries, we find robust evidence that IPO underpricing is positively related to societal secrecy. Additional analyses reveal that investor protection,...
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Information Quality and IPO Underpricing : The Role of Underwriter Pricing and Allocation Powers
Sonu, Catherine Heyjung - 2022
In response to concerns over the use of book-building as the dominant price-setting mechanisms in IPOs, regulatory bodies in the emerging markets have implemented policies to restrict discretion exercised by underwriters. This study examines the regulatory policy effect on IPO underpricing,...
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Does the Initial Pricing Range Estimate Matter for Information Production and IPO Pricing?
Corrigan, Patrick M. - 2022
Securities Exchange Commission (SEC) rules require issuers in initial public offerings (IPOs) to submit a pricing range estimate, usually weeks before IPO pricing. Using the SEC fee calculation decision as a novel proxy, this paper provides evidence that issuers pursue heterogeneous pricing...
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The Impact of Reputable Law Firms on IPO Underpricing in Developing Countries
Jamaani, jamaani; Alidarous, Manal - 2022
The purpose of this research is to evaluate the effect of issuing businesses engaging reputed law firms on the extent of underpricing in developing IPO markets. The consequences of involving prestigious lawyers in underpricing IPO businesses are not really understood from a global viewpoint due...
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IPO Underpricing : A Tale of a Different 1920s
Gan, Jie; Mahoney, Paul G.; Mei, Jianping - 2022
Financial economists have intensely studied IPO underpricing using data from approximately the past four decades. This paper investigates IPO underpricing during the period 1922-1929 (1920s) using hand-collected data on first-day returns, trading volumes, and firm characteristics. Mean...
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