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Are institutional investors subject to gambling preference? : evidence from detailed investor bids of IPO auctions in China

Shen, Haomin; Cheng, Xiaoke; Han, Lin; Chan, Kam C. - In: Asia-Pacific journal of accounting & economics : … 29 (2022) 4, pp. 964-980

Persistent link: https://www.econbiz.de/10013329605

Bidding styles of institutional investors in IPO auctions

Güçbilmez, Ufuk; O'Briain, Tomas - In: Journal of financial markets 53 (2021), pp. 1-21

Persistent link: https://www.econbiz.de/10013271979

The anchoring effect of underwriters' proposed price ranges on institutional investors' bid prices in IPO auctions : evidence from China

Gao, Shenghao; Cao, Feng; Fok, Robert C. W. - In: International review of economics & finance : IREF 63 (2019), pp. 111-127

Persistent link: https://www.econbiz.de/10012321925

Cognitive reference points, institutional investors' bid prices, and IPO pricing : evidence from IPO auctions in China

Gao, Shenghao; Meng, Qingbin; Chan, Jesse Y.; Chan, Kam C. - In: Journal of financial markets 38 (2018), pp. 124-140

Persistent link: https://www.econbiz.de/10012001157

How do Investors React to Biased Information? Evidence from Chinese IPO Auctions

He, Jingbin; Liu, Bo; Wang, Yiyao; Wu, Fei - 2021

We study how institutional investors utilize potentially biased information by analyzing the effect of IPO underwriters' earnings forecasts on investors' bidding behaviors in Chinese IPO auctions. Despite the presence of upward biases in underwriters' earnings forecasts, we nd that investors'...

Persistent link: https://www.econbiz.de/10013222466