IPO Post-Issue Markets: Questionable Predilections But Diligent Learners?
نویسندگان
چکیده
منابع مشابه
Division of the Humanities and Social Sciences California Institute of Technology Pasadena, California 91125 Ipo Post-issue Markets: Questionable Predilections but Diligent Learners?
E ciency in the IPO (Initial Public O ering) aftermarket is tested without imposing any restrictions on the priors about potential default at the issue date. Merging Ritter's extended dataset (which covers the period 1975-84) with the CRSP tapes, IPOs are followed up to ten years after issue. Across all IPOs, or when stratifying IPOs according to issue underpricing, industry a liation or rank o...
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ژورنال
عنوان ژورنال: Review of Economics and Statistics
سال: 2001
ISSN: 0034-6535,1530-9142
DOI: 10.1162/00346530151143860