Information Risk and Long-Run Performance of Initial Public Offerings

by Frank Ecker

Frank Ecker examines the performance of U.S. initial public offerings (IPOs) from 1980 to 2002. He links positive and negative abnormal returns to the deviation of the realized information risk from the expected information risk. The author proposes effective measures for a long-term profitable investment strategy in IPOs.

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Year of publication:	2009
Other Persons:	Ecker, Frank (contributor)
Publisher:	Wiesbaden : Gabler Verlag / GWV Fachverlage GmbH, Wiesbaden
Subject:	Börsengang \| Initial public offering \| Informationswert \| Information value \| Entscheidung unter Risiko \| Decision under risk \| Börsenkurs \| Share price \| Kapitaleinkommen \| Capital income \| Performance-Messung \| Performance measurement \| Robustes Verfahren \| Robust statistics \| USA \| United States \| Going Public \| Unvollkommene Information \| Performance <Kapitalanlage> \| Langfristige Analyse
Description of contents:	Table of Contents [external.dandelon.com] ; Description [swbplus.bsz-bw.de]

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Extent:	Online-Ressource (XVII, 132p. 4 illus, digital)
Series:	SpringerLink / Bücher
Type of publication:	Book / Working Paper
Language:	English
Notes:	Description based upon print version of record Preliminary; Introduction and Motivation; Valuation under Information Risk; Derivation of a Returns-Based Measure of Information Quality; Abnormal Returns Measurement and Hypotheses Development; Tests with Abnormal Portfolio Returns; Robustness Tests; Concluding Remarks; Back matter
ISBN:	978-3-8349-8117-2 ; 978-3-8349-1259-6
Other identifiers:	10.1007/978-3-8349-8117-2 [DOI]
Classification:	Geld, Inflation, Kapitalmarkt ; Investition, Finanzierung
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013521127