"We believe the market may now be underpricing the most recent move in …
Simon (1989) compared the performance of IPOs listed on regional exchanges and New York Stock Exchange. He found that underpricing was more in case of IPO's that were listed on regional exchanges as compared to those which were …
New vehicle and used vehicle sales are growing at double digit rates. Asbury stands to benefit in the future from parts and servicing and financing and insurance revenue. A predictable level of operating efficiency. Significant decrease in SG&A …
Master's Thesis from the year 2013 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 2.3, University of Duisburg-Essen, course: Energy & Finance, language: English, abstract: The …
Companies had to turn the market hard to make up for their underpricing sins, …
As pointed out by Gerard and Nanda (1993), if the rule curbs informative short selling, then negative information cannot be fully impounded into the stock price during the ... The median and mean underpricing are 2.02% and 2.99%, …
* Corresponding author: Inseok Shin, College of Business, Chung-Ang University, 221 Heukseok-dong, Dongjak-gu, …
In one of my previous posts I looked at the stock market valuations in the U.S. to conclude ... b) Investors seem to be underpricing risk at time where some caution might be needed. We are still 1 percent point from the risk premium at …
Pham, Peter K. Kalev, Petko S. Steen, Adam B. Loughran, Tim & Ritter, Jay R. & Rydqvist, Kristian, 1994. "Initial …
The incidence of underpricing and underperformance of IPOs is inconsistent with stock-market efficiency, which states that two portfolios with same risk shall receive same returns. Moreover, the abnormal performance of stocks after the …