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This study examines if the prospectus disclosure of the motives for an initial public offering (IPO) explains the longrun performance of equity issuers. It uses hand-collected data for 245 IPOs from the Stock Exchange of Thailand (SET), and also the Market for Alternative Investments (MAI),...
Persistent link: https://www.econbiz.de/10012958657
Using a unique data set from the Thai stock market about the so-called, ‘Turnover List (TOL)' of speculative stocks spanning the period 2004–2012, we investigate and provide new evidence on the relationship between IPOs' pricing effects and subsequent classification as speculative...
Persistent link: https://www.econbiz.de/10012958658
Persistent link: https://www.econbiz.de/10011774318