Li, Ming-Yuan Leon; Sheu, Her-Jiun; Lin, Lin; Tang, Yu-Chi - In: Journal of Chinese Economic and Business Studies 5 (2007) 1, pp. 51-64
Four new determinants of initial/long-run IPO (initial public offering) returns from the perspectives of market conditions are proposed in this paper. The associated effects are examined by using the samples of Taiwan's high-tech IPO companies. Our empirical findings are consistent with the...