This paper seeks to investigate the initial aftermarket performance of 142 Iranian IPOs listed on Tehran Stock Exchange for the period 1997 to 2005 to contribute to the growing body of international evidence on the anomalous performance of IPOs in the short run. Results suggest that the Iranian...

The main objective of this study is to ascertain the effect of Accounting Information on Market Share Price of Information, Communication, and Technology (ICT) firms listed on Nigeria Stock Exchange.The specific objectives are to ascertain the effect or otherwise of Dividend per share, Earnings...

The main objective of this study is to ascertain the effect of Accounting Information on Market Share Price of Information, Communication and Technology (ICT) firms listed on Nigeria Stock Exchange. The specific objectives are to ascertain the effect or otherwise of Dividend per share, Earnings...

Initial Public Offerings (IPOs) marks an important turning point in the life of a company. To the company as an entity, it provides access to public equity capital and so may lower the cost of funding the company's operations and investments. To the public, it provides an opportunity for...

Using a unique data set from the Thai stock market about the so-called, ‘Turnover List (TOL)' of speculative stocks spanning the period 2004–2012, we investigate and provide new evidence on the relationship between IPOs' pricing effects and subsequent classification as speculative...

This study aims to examine the effect of Good Corporate Governance mechanisms to underpricing phenomena at companies registered in Indonesia stock exchange and performs Initial Public Offering, and underpricing during 2010-2014. This research is based on signal theory (signaling theory) which...

In this paper we propose a new cross-sectional asset pricing model employing a Young-minus-Old (OMY) factor, which accounts for long-run post-IPO underperformance. The OMY factor might be also seen as a measure of market sentiment. We test the model using stock returns from the Warsaw Stock...

The US securities market offer companies one of the richest sources of capital in the world as a result of their size, credibility and pool of enthusiastic investors. However, taking a company through a public offering on the US securities market is a major undertaking and presents complex...