Mazouz, Khelifa; Agyei-Ampomah, Sam; Saadouni, Brahim; … - In: Review of Quantitative Finance and Accounting 41 (2013) 3, pp. 417-439
The paper examines the determinants of stabilization and its impact on the aftermarket prices. We use a unique dataset to relax several assumptions in the stabilization literature. We find that underwriters support IPO prices shortly after listing, particularly in cold markets and when demand is...