Is the IPO pricing process efficient?
Tóm tắt
Từ khóa
Tài liệu tham khảo
Benveniste, 1989, How investment bankers determine the offer price and allocation of new issues, Journal of Financial Economics, 24, 343, 10.1016/0304-405X(89)90051-2
Bradley, 2002, Partial adjustment to public information and IPO underpricing, Journal of Financial and Quantitative Analysis, 37, 595, 10.2307/3595013
Carter, 1990, Initial public offerings and underwriter reputation, Journal of Finance, 45, 1045, 10.2307/2328714
Chan, 1992, Robust measurement of beta risk, Journal of Financial and Quantitative Analysis, 27, 265, 10.2307/2331371
Clarkson, 1990, Empirical estimates of beta when investors face estimation risk, Journal of Finance, 45, 431, 10.2307/2328664
Cornelli, F., Goldreich, D., 2001. Bookbuilding: how informative is the order book? Unpublished working paper, Duke University, Durham, NC.
Daniel, 2002, Discussion of ‘Why don’t issuers get upset about leaving money on the table in IPOS?’, Review of Financial Studies, 15, 445, 10.1093/rfs/15.2.445
Edelen, R., Kadlec, G., 2002. Comparable-firm returns, issuer surplus, and the pricing and withdrawal of IPOs. Unpublished working paper, University of Pennsylvania, Philadelphia, PA.
Gintschel, A., 2000. The relation between quote revisions and market returns in the absence of trade. Unpublished working paper, University of Rochester, Rochester, NY.
Hanley, 1993, The underpricing of initial public offerings and the partial adjustment phenomenon, Journal of Financial Economics, 34, 231, 10.1016/0304-405X(93)90019-8
Heckman, 1979, Sample selection bias as a specification error, Econometrica, 47, 153, 10.2307/1912352
Ibbotson, 1975, Price performance of common stock new issues, Journal of Financial Economics, 2, 235, 10.1016/0304-405X(75)90015-X
Ibbotson, 1988, Initial public offerings, Journal of Applied Corporate Finance, 1, 37, 10.1111/j.1745-6622.1988.tb00164.x
Ibbotson, 1994, The market's problems with the pricing of initial public offerings, Journal of Applied Corporate Finance, 7, 66, 10.1111/j.1745-6622.1994.tb00395.x
Ljungqvist, 2002, IPO allocations, Journal of Financial Economics, 65, 167, 10.1016/S0304-405X(02)00138-1
Loughran, 2002, Why don’t issuers get upset about leaving money on the table in IPOS?, Review of Financial Studies, 15, 413, 10.1093/rfs/15.2.413
Loughran, T., Ritter, J., 2002b. Why has IPO underpricing increased over time? Unpublished working paper, University of Notre Dame and University of Florida.
Ritter, 2000, A review of IPO activity, pricing, and allocations, Journal of Finance, 57, 1795, 10.1111/1540-6261.00478