Add to ORKGIPO underpricing has been attributed to valuation uncertainty, which can be at least partially resolved by the indirect learning associated with IPO clustering (Beneveniste et al. [2003]). We examine motivations of firms that choose to issue IPOs as parts of clusters and exploit their indirect learning opportunities. In addition, we identify motives for the decision to file an IPO independently of clusters, foregoing the indirect learning opportunities they provide
This paper explores the link between IPO underpricing and financial markets. In my model the IPO is ...
Due to copyright restrictions, the access to the full text of this article is only available via sub...
Over the past few decades, the phenomenon of under-pricing in initial public offerings ("IPOs") has ...
This version: 2001. In this paper we analyze the clustering phenomenon of underpricing in initial pu...
This Version: 2005. We explain the clustering of underpricing in initial public offerings (IPOs). Th...
This is the first paper to systematically investigate price clustering in new equity assets using a ...
IPO underpricing has become one of the most famous market anomalies in the modern financial market. ...
This study extends the microstructure literature by examining the offering prices in the United Stat...
Price clustering in initial public offerings (IPOs) is extreme, pervasive, and long-lived. In a 25 ...
The concept of efficiency is central to finance as it relates to the primary role of capital markets...
This paper explores the link between IPO underpricing and financial markets. In my model the IPO is ...
This paper explores the link between IPO underpricing and financial markets. In my model the IPO is ...
The initial public offering (IPO) underpricing phenomenon has frequently been noticed and generally ...
This paper explores the link between IPO underpricing and financial markets. In my model the IPO is ...
This paper focuses on the time series properties of the level of underpricing of IPO shares and volu...
This paper explores the link between IPO underpricing and financial markets. In my model the IPO is ...
Due to copyright restrictions, the access to the full text of this article is only available via sub...
Over the past few decades, the phenomenon of under-pricing in initial public offerings ("IPOs") has ...
This version: 2001. In this paper we analyze the clustering phenomenon of underpricing in initial pu...
This Version: 2005. We explain the clustering of underpricing in initial public offerings (IPOs). Th...
This is the first paper to systematically investigate price clustering in new equity assets using a ...
IPO underpricing has become one of the most famous market anomalies in the modern financial market. ...
This study extends the microstructure literature by examining the offering prices in the United Stat...
Price clustering in initial public offerings (IPOs) is extreme, pervasive, and long-lived. In a 25 ...
The concept of efficiency is central to finance as it relates to the primary role of capital markets...
This paper explores the link between IPO underpricing and financial markets. In my model the IPO is ...
This paper explores the link between IPO underpricing and financial markets. In my model the IPO is ...
The initial public offering (IPO) underpricing phenomenon has frequently been noticed and generally ...
This paper explores the link between IPO underpricing and financial markets. In my model the IPO is ...
This paper focuses on the time series properties of the level of underpricing of IPO shares and volu...
This paper explores the link between IPO underpricing and financial markets. In my model the IPO is ...
Due to copyright restrictions, the access to the full text of this article is only available via sub...
Over the past few decades, the phenomenon of under-pricing in initial public offerings ("IPOs") has ...