Premti, Arjan; Madura, Jeff - In: The Quarterly Review of Economics and Finance 53 (2013) 4, pp. 486-496
We analyze the motives and long-term stock price performance of firms that pursue IPOs in cold IPO periods. We find that firms are more likely to engage in an IPO during a cold period when their earnings are relatively high and are expected to decline in the future. We also find that IPO firms...
