-building. We focus on the IPO initial underpricing, long-run performance and after market liquidity problems. 1. We propose that …-determinant for the successful IPO deal completion. We propose the Ledenyov theory on the origins of the IPO underpricing and long … term underperformance effects, which states that the IPO underpricing and long term underperformance can be explained by …

. First, we show that the P/E ratios of underlying stocks are related to the overpricing of put warrants and the underpricing …

public offerings listed in Indian stock market. We document a positive relationship between underpricing and subscription …

Previous studies have documented the reversal in the initial returns of REIT IPOs from overpricing in the 1980s to … underpricing in the 1990s. We find that the gross spreads of REIT IPOs decreased significantly in the 1990s. In particular, there … 64% in the 1990s. Higher gross spreads, overpricing, and high frequency of integer offer prices for REIT IPOs in the 1980 …

Arbitrage". We show that expected wealth (the arbitrageurs' objective function) is a possibly non-concave function of investment …-Vishny-Modell zu Grenzen der Arbitrage vorgenommen. Zunächst wird gezeigt, dass die Zielfunktion der Arbitrageure - ihr erwartetes …

Arbitrage". We show that expected wealth (the arbitrageurs' objective function) is a possibly non-concave function of investment …-Vishny-Modell zu Grenzen der Arbitrage vorgenommen. Zunächst wird gezeigt, dass die Zielfunktion der Arbitrageure - ihr erwartetes …