Chen, Anlin; Chen, Li-Wei; Kao, Lanfeng - In: International Journal of Accounting and Information … 18 (2010) February, pp. 31-38
Purpose – The purpose of this paper is to examine the long-run performance of initial public offerings (IPOs) in Taiwan with a five-factor model on a calendar time basis. Design/methodology/approach – Besides the Fama-French three factors, the paper also incorporates leverage and liquidity...
