This paper investigates the performance effects of initial public offering policies in Taiwan's stock market from 1997 to 2006. We divide the listing channels into six models and test performance differences under each model, using nonparameter tests. We find that indirect listing methods...

Many option pricing models are based on the assumption that the underlying asset price follows one-dimensional diffusion process. An alternative approach is to test the properties that should hold for all models based on a given stochastic process for the underlying asset. Following Perignon...