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Evidence on Price Stabilization and Underpricing in Early IPO Returns
16 references·13 citing·34 second hop
Evidence on Price Stabilization and Underpricing in Early IPO Returns (1998)Evidence on Price Stabilization and Under…Return Volatility and Trading Volume: An Information Flow Interpretation of Stochastic Volatility (1996)Return Volatility and Trading…Initial public offerings: International insights (1994)Initial public offerings: Int…Sequential Sales, Learning, and Cascades (1992)Sequential Sales, Learning, a…The Long‐Run Performance of initial Public Offerings (1991)The Long‐Run Performance of i…Signalling by underpricing in the IPO market (1989)Signalling by underpricing in…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…How investment bankers determine the offer price and allocation of new issues (1989)How investment bankers determ…INITIAL PUBLIC OFFERINGS (1988)INITIAL PUBLIC OFFERINGSAnatomy of Initial Public Offerings of Common Stock (1988)Anatomy of Initial Public Off…Why new issues are underpriced (1986)Why new issues are underpricedThe "Hot Issue" Market of 1980 (1984)The "Hot Issue" Market of 1980Models of Stock Returns--A Comparison (1984)Models of Stock Returns--A Co…A Model of the Demand for Investment Banking Advising and Distribution Services for New Issues (1982)A Model of the Demand for Inv…Price performance of common stock new issues (1975)Price performance of common s…"Hot Issue" Markets (1975)"Hot Issue" MarketsHedge Funds: The Good, the Bad, and the Lucky (2017)Hedge Funds: The Good, the Ba…Deliberate premarket underpricing and aftermarket mispricing: New insights on IPO pricing (2015)Deliberate premarket underpri…The rate and potential of capability development trajectories (2013)The rate and potential of cap…Underpricing, ownership dispersion, and aftermarket liquidity of IPO stocks (2007)Underpricing, ownership dispe…The Economics of IPO Stabilisation, Syndicates and Naked Shorts (2007)The Economics of IPO Stabilis…Does underwriter reputation matter in the municipal bond market? (2006)Does underwriter reputation m…The Performance of Initial Public Offerings and the Cross Section of Institutional Ownership (2004)The Performance of Initial Pu…Monitoring as a Motivation for IPO Underpricing (2004)Monitoring as a Motivation fo…Government Underpricing of Share‐Issue Privatizations (2004)Government Underpricing of Sh…Underwriter short covering in the IPO aftermarket: a clinical study (2003)Underwriter short covering in…Information Disclosure and Adverse Selection Explanations for IPO Underpricing (2002)Information Disclosure and Ad…Information content of lock-up provisions in initial public offerings (2001)Information content of lock-u…How Does Underwriter Price Support Affect Ipos? Empirical Evidence (1998)How Does Underwriter Price Su…INFORMATIONAL ASYMMETRIES, FINANCIAL STRUCTURE, AND FINANCIAL INTERMEDIATION (1977)Valuation effects of security offerings and the issuance process (1986)Initial Public Offerings and Underwriter Reputation (1990)Grandstanding in the venture capital industry (1996)Investment banking, reputation, and the underpricing of initial public offerings (1986)Information and the Cost of Capital (2004)RISK, UNCERTAINTY, AND DIVERGENCE OF OPINION (1977)Does the Stock Market Overreact? (1985)Event Studies in Economics and Finance (1997)Investor Sentiment and the Cross‐Section of Stock Returns (2006)Bank Runs, Deposit Insurance, and Liquidity (1983)Herd Behavior and Investment (1988)A Simple Model of Herd Behavior (1992)Rational herding in financial economics (1996)An examination of herd behavior in equity markets: An international perspective (2000)Why Don’t Issuers Get Upset About Leaving Money on the Table in IPOs? (2002)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)The Pricing of Options and Corporate Liabilities (1973)Market Efficiency, Long-Term Returns, and Behavioral Finance (1997)The Effects of Market Segmentation and Investor Recognition on Asset Prices: Evidence from Foreign Stocks Listing in the United States (1999)Econometrics of Event Studies**We thank Espen Eckbo, Jon Lewellen, Adam Kolasinski, and Jay Ritter for insightful comments, and Irfan Safdar and Alan Wancier for research assistance. (2007)The New Issues Puzzle (1995)Investor Psychology and Security Market Under‐ and Overreactions (1998)Underwriter Reputation, Initial Returns, and the Long‐Run Performance of IPO Stocks (1998)Why Has IPO Underpricing Changed Over Time? (2002)Why Has IPO Underpricing Changed Over Time (2004)The Equity Share in New Issues and Aggregate Stock Returns (2000)Uniformly least powerful tests of market efficiency (2000)Global, local, and contagious investor sentiment (2011)Conflict of Interest and the Credibility of Underwriter Analyst Recommendations (1999)The economics of small business finance: The roles of private equity and debt markets in the financial growth cycle (1998)A Review of IPO Activity, Pricing, and Allocations (2002)Whom You Know Matters: Venture Capital Networks and Investment Performance (2007)
this work references cited by second hop

References

  • 1991The Long‐Run Performance of initial Public Offerings3,500 cited
  • 1986Why new issues are underpriced2,788 cited
  • 1989How investment bankers determine the offer price and allocation of new issues1,815 cited
  • 1984The "Hot Issue" Market of 19801,586 cited
  • 1989Signalling by underpricing in the IPO market1,454 cited
  • 1989Seasoned Offerings, Imitation Costs, and the Underpricing of Initial Public Offerings1,393 cited
  • 1975Price performance of common stock new issues1,341 cited
  • 1992Sequential Sales, Learning, and Cascades1,301 cited
  • 1994Initial public offerings: International insights1,256 cited
  • 1988INITIAL PUBLIC OFFERINGS1,183 cited
  • 1989Signalling and the Pricing of New Issues1,049 cited
  • 1996Return Volatility and Trading Volume: An Information Flow Interpretation of Stochastic Volatility1,021 cited
  • 1982A Model of the Demand for Investment Banking Advising and Distribution Services for New Issues931 cited
  • 1975"Hot Issue" Markets645 cited
  • 1984Models of Stock Returns--A Comparison606 cited
  • 1988Anatomy of Initial Public Offerings of Common Stock

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566 cited

Cited by

  • 2002Information Disclosure and Adverse Selection Explanations for IPO Underpricing88 cited
  • 2017Hedge Funds: The Good, the Bad, and the Lucky82 cited
  • 2004Monitoring as a Motivation for IPO Underpricing59 cited
  • 2001Information content of lock-up provisions in initial public offerings55 cited
  • 2007Underpricing, ownership dispersion, and aftermarket liquidity of IPO stocks52 cited
  • 2006Does underwriter reputation matter in the municipal bond market?44 cited
  • 2013The rate and potential of capability development trajectories41 cited
  • 1998How Does Underwriter Price Support Affect Ipos? Empirical Evidence32 cited
  • 2015Deliberate premarket underpricing and aftermarket mispricing: New insights on IPO pricing27 cited
  • 2007The Economics of IPO Stabilisation, Syndicates and Naked Shorts25 cited
  • 2003Underwriter short covering in the IPO aftermarket: a clinical study25 cited
  • 2004The Performance of Initial Public Offerings and the Cross Section of Institutional Ownership25 cited
  • 2004Government Underpricing of Share‐Issue Privatizations18 cited