Purpose -The purpose of this paper is to provide a unique approach to examining issues related to initial public offerings (IPOs). Design/methodology/approach -The price behavior of IPOs in new industries is analyzed relative to IPOs in established industries. Findings -The results show that...

Outlines the development of risk management products, reviews relevant research and identifies reasons for their rapid growth. Reports a study of US public issues of securities from 1962 to 1998 which examines the introduction and longevity of various types; and analyses the issuers and leading...

Purpose – The purpose of this paper is to provide a unique approach to examining issues related to initial public offerings (IPOs). Design/methodology/approach – The price behavior of IPOs in new industries is analyzed relative to IPOs in established industries. Findings – The results show...