. This empirical prediction is tested on data about recommendations on IPOs. The main result is that analysts working for the …This work investigates both theoretically and empirically how the behaviour of financial analysts is affected by … competition, measured as the strength of coverage of a stock from other analysts. The interaction among analysts and investors is …

period from 1991 to 2010. In US IPOs, during the one- to five-year horizon, we find a significant long-run abnormal … performance by orphans (IPOs without analyst coverage) compared to non-orphans (IPOs with analyst coverage.Further analysis …

This paper examines the long-run performance of US IPOs carried out between 1991 and 2010. By using various … methodologies, we find that IPOs in our sample performed abnormally relative to comparison portfolios over the 1991-2010 horizon …. This abnormal long-run performance is much severe for orphan IPOs (without financial recommendation) than non-orphan IPOs …

We examine the IPOs of and acquisitions made by special purpose acquisition corporations (SPACs). This unique sample … IPO gross spreads of these simple firms similar to the spreads accompanying the IPOs of much more complex firms. This …

the underwriters’ prestige and the times of oversubscription significantly affect the underpricing level of the IPOs over …This paper provides additional international evidence on the IPOs by examining the initial performance and two main … determinants of short-run underpricing of 169 IPOs listed on the Athens Stock Exchange (ASE) over the period 1997-2002. The initial …

In recent years, a large number of IPOs of public exchanges have been announced. These were mainly in response to …