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Do Investors Learn from Experience? Evidence from Frequent IPO Investors
Chiang, Yao-Min; Hirshleifer, David; Qian, Yiming; … - In: Review of Financial Studies 24 (2011) 5, pp. 1560-1589
We examine how experience affects the decisions of individual investors and institutions in IPO auctions to bid in subsequent auctions, and their bidding returns. We track bidding histories for all 31,476 individual investors and 1,232 institutional investors across all 84 IPO auctions during...
Persistent link: https://www.econbiz.de/10009148483
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Do investors learn from experience? : evidence from frequent IPO investors
Chiang, Yao-min; Hirshleifer, David; Qian, Yiming; … - In: The review of financial studies 24 (2011) 5, pp. 1560-1589
Persistent link: https://www.econbiz.de/10009011377
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Do Investors Learn from Experience? Evidence from Frequent IPO Investors
Chiang, Yao-Min; Hirshleifer, David; Qian, Yiming; … - In: The review of financial studies 24 (2013) 5, pp. 1560-1559
Persistent link: https://www.econbiz.de/10010114160
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Do Investors Learn from Experience? Evidence from Frequent IPO Investors
Chiang, Yao-Min; Hirshleifer, David; Qian, Yiming; … - In: The review of financial studies 24 (2011) 5, pp. 1560-1560
Persistent link: https://www.econbiz.de/10008992933