We study how media coverage impacts pricing of initial public offerings (IPOs) around the world. Higher media coverage in the pre-IPO period leads to lower IPO initial returns. The effect is mitigated in countries with better financial reporting quality, greater shareholder rights protection, and more stringent media censorship, and for IPOs “certified” by reputable intermediaries, while it is amplified in countries with higher levels of media penetration and media trust. Further, IPOs with higher pre-IPO media coverage have lower ex post price revision volatility. Our findings suggest that higher pre-IPO media coverage reduces information asymmetry among investors, leading to less underpriced IPOs
In this study, we argue that media-provided information affects investors ’ impressions of newly pub...
This paper analyses Australian biotechnology initial public offerings and the role of media coverage...
Purpose The purpose of this paper is to investigate the relationships of news media coverage and the...
We study how media coverage impacts pricing of initial public offerings (IPOs) around the world. Hig...
We study how media coverage impacts pricing of initial public offerings (IPOs) around the world. Hig...
We study how media coverage impacts pricing of initial public offerings (IPOs) around the world. Hig...
We study how media coverage impacts pricing of initial public offerings (IPOs) around the world. Hig...
©, Copyright © Taylor & Francis Group, LLC. Because of asymmetric information between issuing comp...
Background: The number of IPOs has been numerous in recent years. Moreover, the returns of the IPOs ...
Background: The number of IPOs has been numerous in recent years. Moreover, the returns of the IPOs ...
This dissertation explores the role of the media in Initial Public Offerings in three different way...
I examine the relationship between IPO underpricing and media exposure, using a sample of 54 IPOs l...
We document that, conditioned on a positive offer price revision from the midpoint of the initial fi...
In this study, we examine the effects of media coverage on investors’ impressions and how these fact...
In this study, we examine the effects of media coverage on investors’ impressions and how these fact...
In this study, we argue that media-provided information affects investors ’ impressions of newly pub...
This paper analyses Australian biotechnology initial public offerings and the role of media coverage...
Purpose The purpose of this paper is to investigate the relationships of news media coverage and the...
We study how media coverage impacts pricing of initial public offerings (IPOs) around the world. Hig...
We study how media coverage impacts pricing of initial public offerings (IPOs) around the world. Hig...
We study how media coverage impacts pricing of initial public offerings (IPOs) around the world. Hig...
We study how media coverage impacts pricing of initial public offerings (IPOs) around the world. Hig...
©, Copyright © Taylor & Francis Group, LLC. Because of asymmetric information between issuing comp...
Background: The number of IPOs has been numerous in recent years. Moreover, the returns of the IPOs ...
Background: The number of IPOs has been numerous in recent years. Moreover, the returns of the IPOs ...
This dissertation explores the role of the media in Initial Public Offerings in three different way...
I examine the relationship between IPO underpricing and media exposure, using a sample of 54 IPOs l...
We document that, conditioned on a positive offer price revision from the midpoint of the initial fi...
In this study, we examine the effects of media coverage on investors’ impressions and how these fact...
In this study, we examine the effects of media coverage on investors’ impressions and how these fact...
In this study, we argue that media-provided information affects investors ’ impressions of newly pub...
This paper analyses Australian biotechnology initial public offerings and the role of media coverage...
Purpose The purpose of this paper is to investigate the relationships of news media coverage and the...