Álvarez, Susana; González, Víctor M. - In: Journal of Business Finance & Accounting 32 (2005-01) 1-2, pp. 325-350
Academic research into firms that have gone public has focused on the study of two anomalies: initial underpricing and long-run underperformance. We analyse Spanish Initial Public Offerings to provide additional evidence on the long-run performance of IPOs and its relationship with initial...