of the effects of socially responsible investment (SRI) on stock investment returns and the performance of initial public … excess returns for our environmentally-friendly firms and their IPOs and SEOs, in contrast to our control IPO and SEO samples … which underperform. In summary, a “green” equity premium is evident in returns calculated from a variety of benchmarks …

initial returns. One standard deviation increase in deliberate discounts is associated with a 30.4% reduction in underpricing … underwriters' valuation and underpricing in 113 firms going public on Borsa Istanbul. It argues that underwriter discretion in the … valuation is crucial to underpricing in the Turkish market, where fixed price is the dominant method of offering and retail …

returns but underpricing persists even in the repeated setting where uncertainty is negligible and despite the equilibrium …The underpricing of initial public offerings is a well-documented fact of empirical equity market research. Theories … explain this underpricing with market imperfections. We study three empirically relevant IPO mechanisms under almost perfect …