Parisi, Franco; Parisi, Antonino; Maquieira, Carlos - In: El Trimestre Económico LXXV (2) (2008) 298, pp. 379-402
We study the short and long term performance of the stock returns of Latin American companies with an Initial Public Offering (IPOs) by American Depositary Receipts (ADR) in New York Stock Exchange (NYSE). The results indicate a statistically significant underpricing of 9.22% for the ADR-IPOs...
