initial public offering (IPO) underpricing. We find that IPO firms listed during the inspection period exhibit greater IPO … market stability, which makes it more inclined to approve IPO firms with lower issue prices during the inspection period … compared with other periods. We also find that IPO firms listed during the inspection period have better short-term market …

The effect of uncertainty on IPO underpricing, short-term performance after IPO, and hot-and-cold-IPO market cycles … have received a great deal of attention in the literature. This study revisits these issues of IPO activities under the … Covid-19 pandemic with a focus on the Turkish IPO market. Measuring the underpricing and aftermarket performance of IPOs …

aftermarket trading performance of initial public oferings (IPO) in Turkey from 1998 to 2019. The results show that the IFRS … mandate does not afect initial trading day returns but improves the aftermarket trading performance of IPO shares. This fnding … longterm IPO returns, providing support to the premise that institutional quality matters for realizing the economic benefts of …

microblog publicity to market efficiency by using the sample of IPO companies. The results show that the companies posting … microblogs during the IPO publicity period have higher IPO underpricing, and the more the number of microblogs, the richer the … content, the higher the proportion of microblogs in the operating activities, the higher the IPO underpricing. These …

anomaly that occurs on the first day of IPO listing, i.e., underpricing, whereas this study is more ambitious; it considers … knowledge, the most comprehensive study to date on the effect of institutional factors on the two IPO anomalies: short and long …

We analyze the interaction between management and investors during Chinese IPO roadshows through Jaccard Similarity … relatively large first-day underpricing. We further show that high agreement biases investors to systematically overestimate IPO …