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...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Ecker, Frank (Autor)
Autor Corporativo: SpringerLink (Online service)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Wiesbaden : Gabler Verlag : Imprint: Gabler Verlag, 2009.
Edición:1st ed. 2009.
Temas:
Finance, Public.
Finance.
Public Economics.
Financial Economics.
Acceso en línea:Texto Completo
Tabla de Contenidos:
  • 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.

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