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The effects of removing price limits and introducing auctions upon short-term IPO returns: The case of Japanese IPOs
16 references·9 citing·32 second hop
The effects of removing price limits and introducing auctions upon short-term IPO returns: The case of Japanese IPOs (1996)The effects of removing price limits and …Initial public offerings: International insights (1994)Initial public offerings: Int…The Long-Run Performance of Initial Public Offerings: The UK Experience 1980-1988 (1993)The Long-Run Performance of I…The Aftermarket Performance of Initial Public Offerings in Latin America (1993)The Aftermarket Performance o…IPO Underpricing and Insurance against Legal Liability (1993)IPO Underpricing and Insuranc…The Long‐Run Performance of initial Public Offerings (1991)The Long‐Run Performance of i…Initial Public Offerings and Underwriter Reputation (1990)Initial Public Offerings and …Borrowing relationships, intermediation, and the cost of issuing public securities (1990)Borrowing relationships, inte…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…Anatomy of Initial Public Offerings of Common Stock (1988)Anatomy of Initial Public Off…Anatomy of Initial Public Offerings of Common Stock (1988)Anatomy of Initial Public Off…Why new issues are underpriced (1986)Why new issues are underpricedA 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…Initial returns of Malaysian IPOs and Shari'a‐compliant status (2010)Initial returns of Malaysian …Why are IPOs underpriced? Evidence from Japan's hybrid auction-method offerings (2007)Why are IPOs underpriced? Evi…Underpricing in Turkey: Comparison of the IPO Methods (2007)Underpricing in Turkey: Compa…IPO auctions and private information (2007)IPO auctions and private info…IPOs with Buy- and Sell-Side Information Production: The Dark Side of Open Sales (2004)IPOs with Buy- and Sell-Side …How Should a Firm Go Public? A Dynamic Model of the Choice between Fixed-Price Offerings and Auctions in Ipos and Privatizations (2003)How Should a Firm Go Public? …New Technologies, Financial Innovation, and Intermediation (2002)New Technologies, Financial I…The influence of underwriter reputation, keiretsu affiliation, and financial health on the underpricing of Japanese IPOs (2001)The influence of underwriter …Visibility Versus Complexity in Business Groups: Evidence from Japanese Keiretsu (2000)Visibility Versus Complexity …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)INITIAL PUBLIC OFFERINGS (1988)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)Investment banking, reputation, and the underpricing of initial public offerings (1986)Information and the Cost of Capital (2004)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)RISK, UNCERTAINTY, AND DIVERGENCE OF OPINION (1977)Does the Stock Market Overreact? (1985)Event Studies in Economics and Finance (1997)Investor Psychology and Security Market Under‐ and Overreactions (1998)Investor Sentiment and the Cross‐Section of Stock Returns (2006)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)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)Politically connected CEOs, corporate governance, and Post-IPO performance of China's newly partially privatized firms☆ (2007)Sequential Sales, Learning, and Cascades (1992)The Post-Issue Operating Performance of IPO Firms (1994)
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
  • 1990Initial Public Offerings and Underwriter Reputation2,442 cited
  • 1989How investment bankers determine the offer price and allocation of new issues1,815 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
  • 1994Initial public offerings: International insights1,256 cited
  • 1989Signalling and the Pricing of New Issues1,049 cited
  • 1982A Model of the Demand for Investment Banking Advising and Distribution Services for New Issues931 cited
  • 1988Anatomy of Initial Public Offerings of Common Stock566 cited
  • 1988Anatomy of Initial Public Offerings of Common Stock539 cited
  • 1993The Long-Run Performance of Initial Public Offerings: The UK Experience 1980-1988469 cited
  • 1993The Aftermarket Performance of Initial Public Offerings in Latin America350 cited
  • 1990Borrowing relationships, intermediation, and the cost of issuing public securities277 cited

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  • 1993IPO Underpricing and Insurance against Legal Liability163 cited
  • Cited by

    • 2010Initial returns of Malaysian IPOs and Shari'a‐compliant status58 cited
    • 2000Visibility Versus Complexity in Business Groups: Evidence from Japanese Keiretsu50 cited
    • 2003How Should a Firm Go Public? A Dynamic Model of the Choice between Fixed-Price Offerings and Auctions in Ipos and Privatizations45 cited
    • 2007IPO auctions and private information43 cited
    • 2007Why are IPOs underpriced? Evidence from Japan's hybrid auction-method offerings41 cited
    • 2001The influence of underwriter reputation, keiretsu affiliation, and financial health on the underpricing of Japanese IPOs35 cited
    • 2004IPOs with Buy- and Sell-Side Information Production: The Dark Side of Open Sales30 cited
    • 2007Underpricing in Turkey: Comparison of the IPO Methods26 cited
    • 2002New Technologies, Financial Innovation, and Intermediation13 cited