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Information Risk and Long-Run Performance of Initial Public Offerings
There has been an extensive debate in financial economics research on long-term abnormal stock returns following firms' initial public offerings (IPOs). So far, the discussion has concentrated on long-term underperformance. Frank Ecker examines the performance of U.S. IPOs from 1980 to 2002. He...
| Clasificación: | Libro Electrónico |
|---|---|
| Autor principal: | |
| Autor Corporativo: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Wiesbaden :
Gabler Verlag : Imprint: Gabler Verlag,
2009.
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| Edición: | 1st ed. 2009. |
| Temas: | |
| Acceso en línea: | Texto Completo |
MARC
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| 001 | 978-3-8349-8117-2 | ||
| 003 | DE-He213 | ||
| 005 | 20220126110841.0 | ||
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| 020 | |a 9783834981172 |9 978-3-8349-8117-2 | ||
| 024 | 7 | |a 10.1007/978-3-8349-8117-2 |2 doi | |
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| 100 | 1 | |a Ecker, Frank. |e author. |4 aut |4 http://id.loc.gov/vocabulary/relators/aut | |
| 245 | 1 | 0 | |a Information Risk and Long-Run Performance of Initial Public Offerings |h [electronic resource] / |c by Frank Ecker. |
| 250 | |a 1st ed. 2009. | ||
| 264 | 1 | |a Wiesbaden : |b Gabler Verlag : |b Imprint: Gabler Verlag, |c 2009. | |
| 300 | |a XVII, 132 p. |b online resource. | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 347 | |a text file |b PDF |2 rda | ||
| 505 | 0 | |a and Motivation -- Valuation under Information Risk -- Derivation of a Returns-Based Measure of Information Quality -- Abnormal Returns Measurement and Hypotheses Development -- Tests with Abnormal Portfolio Returns -- Robustness Tests -- Concluding Remarks. | |
| 520 | |a There has been an extensive debate in financial economics research on long-term abnormal stock returns following firms' initial public offerings (IPOs). So far, the discussion has concentrated on long-term underperformance. Frank Ecker examines the performance of U.S. IPOs from 1980 to 2002. He links positive and negative abnormal returns to the deviation of the realized information risk from the expected information risk. The author shows that abnormal returns are significantly negative during the price adjustment process when information risk has initially been underestimated whereas the returns are significantly positive in cases of information risk overestimation. Based on his findings, he proposes effective measures for a long-term profitable investment strategy in IPOs. | ||
| 650 | 0 | |a Finance, Public. | |
| 650 | 0 | |a Finance. | |
| 650 | 1 | 4 | |a Public Economics. |
| 650 | 2 | 4 | |a Financial Economics. |
| 710 | 2 | |a SpringerLink (Online service) | |
| 773 | 0 | |t Springer Nature eBook | |
| 776 | 0 | 8 | |i Printed edition: |z 9783834912596 |
| 856 | 4 | 0 | |u https://doi.uam.elogim.com/10.1007/978-3-8349-8117-2 |z Texto Completo |
| 912 | |a ZDB-2-SBE | ||
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| 950 | |a Business and Economics (SpringerNature-11643) | ||
| 950 | |a Economics and Finance (R0) (SpringerNature-43720) | ||