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performance of the Bombay Stock Exchange, India sensitivity index (BSE Sensex as market benchmark) as independent variables …
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underpricing in India. The underpricing of IPOs is a serious problem for any economy. On the one hand, high underpricing tendency … underpricing of IPOs thus hampers the growth opportunities and creates instability in the secondary market.In India, introduction …
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report underpricing in each of these IPO mechanisms. Uncertainty about the aftermarket behavior may partly explain IPO excess … aftermarket at a price below the offering price. We conclude that a behavioural bias similar to the disposition effect fosters IPO …
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This research aims to prove underpricing IPO differences between financial institution and non-financial institution during 2001-2008 period. In addition, this research also examined the causes of underpricing IPOs of financial institution and non-financial institution using asymmetric...
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The larger underpricing (15 percent) in the early years following the inauguration of Borsa Istanbul indicates the importance of investors, intermediaries, and firm insiders learning about the trading and pricing of firms in organized stock markets. The underpricing in recent years (from 2010 to...
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