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Information Asymmetry in the Post-IPO Market : Analysis Based on Shareholding Pattern Data for Initial Public Offerings (IPOs) from India

B., Libison K. - 2012

The theoretical literature on Initial Public Offerings (IPOs) strongly argues for the theory of ‘Information Asymmetry … capitalize from their investments in IPOs. If sophisticated investors possess an informational advantage over unsophisticated … investors, they are supposed to identify the strength and quality of firms issuing IPOs. Consistent with this conjecture, we …

Persistent link: https://www.econbiz.de/10013096713

Prevention is Better than Cure : The Role of IPO Syndicates in Precluding Information Acquisition

Barzel, Yoram - 2012

We treat information acquisition by potential investors in initial public offerings as endogenous. With endogenous information, the critical question is why underwriters would allow investors to spend resources acquiring superior information intended solely to effect a wealth transfer. We show...

Persistent link: https://www.econbiz.de/10013101358

Investor Awareness or Information Asymmetry? Wikipedia and IPO Underpricing

Boulton, Thomas Jason - 2019

We use the presence of a Wikipedia article for initial public offering (IPO) firms to test theories of information asymmetry and investor awareness. While we find limited support for the former, our results provide strong support for theories of investor awareness. Specifically, IPO firms with a...

Persistent link: https://www.econbiz.de/10012902371

Does IFRS reduce IPO underpricing? : evidence from China

Tsai, Yu Ling; Huang, Hua Wei - In: Finance research letters 40 (2021), pp. 1-5

Persistent link: https://www.econbiz.de/10012819156

Market Making Contracts, Firm Value, and the IPO Decision

Bessembinder, Hendrik - 2017

encourage IPOs by use of a larger tick size are likely to be counterproductive …

Persistent link: https://www.econbiz.de/10012975054

Investing in Security Price Informativeness : The Role of IPO Underpricing

Brown, David C. - 2016

I develop a theory in which firms enhance the information content of their future stock prices by using underwriters to direct underpriced IPO allocations to information-producing investors. Sufficiently large allocations and the promise of future, profitable IPO participation provide incentives...

Persistent link: https://www.econbiz.de/10013007039

The pricing and performance of IPOs in China's poor counties

Yan, Chao; Wang, Jiaxin - In: China journal of accounting research : CJAR 14 (2021) 4, pp. 1-21

between rural and urban firms after their IPOs, but the operating performance of rural firms improves in the short term. Our …

Persistent link: https://www.econbiz.de/10012692615

Simultaneous effects of clustering and endogeneity on the underpricing difference of IPO firms : a global evidence

Jamaani, Fouad; Ahmed, Abdullahi Dahir - In: Research in international business and finance 54 (2020), pp. 1-26

Persistent link: https://www.econbiz.de/10012581334

IPO underpricing and information quality of prospectuses

Zhou, Kuo; Zhou, Baicheng; Liu, Huaxiao - In: The Singapore economic review : journal of the Economic … 65 (2020) 6, pp. 1559-1577

Persistent link: https://www.econbiz.de/10012589842

Is money really left on the table? : the role of regular investors in IPO pricing

Geranio, Manuela; Mazzoli, Camilla; Palmucci, Fabrizio - In: European financial management : the journal of the … 28 (2022) 3, pp. 651-692

Persistent link: https://www.econbiz.de/10013275960