SZodixStudyAcademic Library
ShelvesOpen access
Study · an open academic library·Metadata from OpenAlex (CC0)·Shelves·OpenAlex metadata, de-duplicated
Liquidity and Initial Public Offering Underpricing
16 references·1 citing·38 second hop
Liquidity and Initial Public Offering Underpricing (2006)Liquidity and Initial Public Offering Und…Illiquidity and Stock Returns II: Cross-Section and Time-Series Effects (2018)Illiquidity and Stock Returns…Why Has IPO Underpricing Changed Over Time? (2002)Why Has IPO Underpricing Chan…Why Don’t Issuers Get Upset About Leaving Money on the Table in IPOs? (2002)Why Don’t Issuers Get Upset A…Market Liquidity and Trading Activity (2001)Market Liquidity and Trading …Commonality in liquidity (2000)Commonality in liquidityLiquidity and stock returns: An alternative test (1998)Liquidity and stock returns: …Ownership and operating performance of companies that go public (1997)Ownership and operating perfo…Insider Ownership and the Decision to Go Public (1995)Insider Ownership and the Dec…The Pricing of Initial Public Offerings: Tests of Adverse-Selection and Signaling Theories (1994)The Pricing of Initial Public…Initial Public Offerings and Underwriter Reputation (1990)Initial Public Offerings and …Signalling and the Pricing of New Issues (1989)Signalling and the Pricing of…Seasoned Offerings, Imitation Costs, and the Underpricing of Initial Public Offerings (1989)Seasoned Offerings, Imitation…INITIAL PUBLIC OFFERINGS (1988)INITIAL PUBLIC OFFERINGSEstimating the components of the bid/ask spread (1988)Estimating the components of …Asset pricing and the bid-ask spread (1986)Asset pricing and the bid-ask…A Model of the Demand for Investment Banking Advising and Distribution Services for New Issues (1982)A Model of the Demand for Inv…Endogenous examination of underwriter reputation and IPO returns (2010)Endogenous examination of und…INFORMATIONAL ASYMMETRIES, FINANCIAL STRUCTURE, AND FINANCIAL INTERMEDIATION (1977)Valuation effects of security offerings and the issuance process (1986)Grandstanding in the venture capital industry (1996)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Bid, ask and transaction prices in a specialist market with heterogeneously informed traders (1985)Continuous Auctions and Insider Trading (1985)Market microstructure and asset pricing: On the compensation for illiquidity in stock returns (1996)Alternative factor specifications, security characteristics, and the cross-section of expected stock returns1We are especially grateful to Eugene Fama (a referee), an anonymous referee and Bill Schwert (the editor) for insightful and constructive suggestions. We also thank Wayne Ferson, Ken French, Will Goetzmann, Craig Holden, Ravi Jagannathan, Bob Jennings, Bruce Lehmann, Josef Lakonishok, Richard Roll, participants at the 1997 Meetings of the Western Finance Association, the 1997 UCLA/USC/UC Irvine conference, the November 1997 Asset Pricing Meeting of the National Bureau of Economic Research, the Atlanta Forum, and seminars at Columbia, Indiana, Florida, New York, Tulane, and Yale Universities; Eugene Fama and Ken French for providing part of the data used in this study; and Christoph Schenzler for excellent programming assistance. The second author acknowledges support from the Dean's Fund for Research and the Financial Markets Research Center at Vanderbilt University. We are responsible for remaining errors. This paper was formerly titled `A Re-Examination of Security Return Anomalies'.1 (1998)Risk, Return, and Equilibrium: Empirical Tests (1973)The relationship between return and market value of common stocks (1981)The theory and practice of econometrics (1986)Illiquidity and stock returns: cross-section and time-series effects (2002)Liquidity Risk and Expected Stock Returns (2003)Investor Sentiment and the Cross‐Section of Stock Returns (2006)The Cross-Section of Expected Stock Returns (1992)Stock price reaction to news and no-news: drift and reversal after headlines (2003)Short sales, institutional investors and the cross-section of stock returns (2005)Liquidity and Expected Returns: Lessons from Emerging Markets (2007)Theory of Rational Option Pricing (1973)Underwriter Reputation, Initial Returns, and the Long‐Run Performance of IPO Stocks (1998)MEDIA LEGITIMATION EFFECTS IN THE MARKET FOR INITIAL PUBLIC OFFERINGS. (2003)Why Has IPO Underpricing Changed Over Time (2004)Theory of rational option pricing (2005)Signalling by underpricing in the IPO market (1989)Sequential Sales, Learning, and Cascades (1992)The Post-Issue Operating Performance of IPO Firms (1994)Common risk factors in the returns on stocks and bonds (1993)Market liquidity as a sentiment indicator (2004)Do liquidity measures measure liquidity?☆ (2009)Prospect Theory: An Analysis of Decision under Risk (1979)Toward a positive theory of consumer choice (1980)Prospect theory: An analysis of decision under risk (1988)DotCom Mania: The Rise and Fall of Internet Stock Prices (2003)Prospect theory, mental accounting, and momentum (2005)The Long‐Run Performance of initial Public Offerings (1991)The New Issues Puzzle (1995)Investor Psychology and Security Market Under‐ and Overreactions (1998)Momentum and post-earnings-announcement drift anomalies: The role of liquidity risk (2005)
this work references cited by second hop

References

  • 1986Asset pricing and the bid-ask spread5,087 cited
  • 1990Initial Public Offerings and Underwriter Reputation2,442 cited
  • 2000Commonality in liquidity1,748 cited
  • 1988Estimating the components of the bid/ask spread1,612 cited
  • 2001Market Liquidity and Trading Activity1,555 cited
  • 1989Seasoned Offerings, Imitation Costs, and the Underpricing of Initial Public Offerings1,393 cited
  • 2002Why Don’t Issuers Get Upset About Leaving Money on the Table in IPOs?1,384 cited
  • 1998Liquidity and stock returns: An alternative test1,318 cited
  • 1988INITIAL PUBLIC OFFERINGS1,183 cited
  • 1989Signalling and the Pricing of New Issues1,049 cited
  • 2018Illiquidity and Stock Returns II: Cross-Section and Time-Series Effects949 cited
  • 1982A Model of the Demand for Investment Banking Advising and Distribution Services for New Issues931 cited
  • 1995Insider Ownership and the Decision to Go Public874 cited
  • 1997Ownership and operating performance of companies that go public735 cited
  • 1994The Pricing of Initial Public Offerings: Tests of Adverse-Selection and Signaling Theories714 cited
  • 2002

Only edges whose both ends are imported exist here. Widen the year window, or show the whole map. Back to the work

Why Has IPO Underpricing Changed Over Time?
692 cited

Cited by

  • 2010Endogenous examination of underwriter reputation and IPO returns27 cited