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The Really Long-Run Performance of Initial Public Offerings: The Pre-Nasdaq Evidence
16 references·2 citing·35 second hopsampled
The Really Long-Run Performance of Initial Public Offerings: The Pre-Nasdaq Evidence (2001)The Really Long-Run Performance of Initia…Characteristics, Covariances, and Average Returns: 1929 to 1997 (2000)Characteristics, Covariances,…International Momentum Strategies (1998)International Momentum Strate…Earnings Management and the Long‐Run Market Performance of Initial Public Offerings (1998)Earnings Management and the L…Myth or Reality? The Long-Run Underperformance of Initial Public Offerings: Evidence from Venture and Nonventure Capital-Backed Companies (1997)Myth or Reality? The Long-Run…Detecting long-run abnormal stock returns: The empirical power and specification of test statistics (1997)Detecting long-run abnormal s…Multifactor Explanations of Asset Pricing Anomalies (1996)Multifactor Explanations of A…Expectations and the Cross-Section of Stock Returns (1996)Expectations and the Cross-Se…The New Issues Puzzle (1995)The New Issues PuzzleSize and Book-to-Market Factors in Earnings and Returns (1995)Size and Book-to-Market Facto…The Cross-Section of Expected Stock Returns (1992)The Cross-Section of Expected…Further Evidence On Investor Overreaction and Stock Market Seasonality (1987)Further Evidence On Investor …Equity issues and offering dilution (1986)Equity issues and offering di…Does the Stock Market Overreact? (1985)Does the Stock Market Overrea…Corporate Financing and Investment Decisions When Firms Have InformationThat Investors Do Not Have (1984)Corporate Financing and Inves…Intuitive prediction: Biases and corrective procedures (1982)Intuitive prediction: Biases …Price performance of common stock new issues (1975)Price performance of common s…Characterizing the Risk of IPO Long‐Run Returns: The Impact of Momentum, Liquidity, Skewness, and Investment (2011)Characterizing the Risk of IP…Conglomerate Structure and Capital Market Timing (2010)Conglomerate Structure and Ca…Using daily stock returns (1985)Common risk factors in the returns on stocks and bonds (1993)Market efficiency, long-term returns, and behavioral finance1The comments of Brad Barber, David Hirshleifer, S.P. Kothari, Owen Lamont, Mark Mitchell, Hersh Shefrin, Robert Shiller, Rex Sinquefield, Richard Thaler, Theo Vermaelen, Robert Vishny, Ivo Welch, and a referee have been helpful. Kenneth French and Jay Ritter get special thanks.1 (1998)Capital markets research in accounting (2001)Introductory Econometrics for Finance (2008)The General Theory of Employment, Interest and Money, by John Maynard Keynes (1936)The General Theory of Employment, Interest and Money. (1936)Norm theory: Comparing reality to its alternatives. (1986)Positive Feedback Investment Strategies and Destabilizing Rational Speculation (1990)Investor Psychology and Asset Pricing (2001)Risk, Return, and Equilibrium: Empirical Tests (1973)Earnings Management During Import Relief Investigations (1991)Earnings Management through Real Activities Manipulation (2003)Performance matched discretionary accrual measures (2005)The economic implications of corporate financial reporting (2005)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Industry costs of equity (1997)On Persistence in Mutual Fund Performance (1997)Investor Psychology and Security Market Under‐ and Overreactions (1998)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Determinants of corporate borrowing (1977)The Determination of Financial Structure: The Incentive-Signalling Approach (1977)The Capital Structure Puzzle (1984)The Determinants of Capital Structure Choice (1988)Event Studies in Economics and Finance (1997)Judgment Under Uncertainty: Heuristics and Biases. (1984)The relationship between return and market value of common stocks (1981)Investor Sentiment and the Cross‐Section of Stock Returns (2006)A five-factor asset pricing model (2014)An Intertemporal Capital Asset Pricing Model (1973)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)Illiquidity and stock returns: cross-section and time-series effects (2002)Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)Profitability of Momentum Strategies: An Evaluation of Alternative Explanations (2001)Value and Momentum Everywhere (2013)
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References

  • 1992The Cross-Section of Expected Stock Returns17,251 cited
  • 1985Does the Stock Market Overreact?7,569 cited
  • 1996Multifactor Explanations of Asset Pricing Anomalies6,710 cited
  • 1984Corporate Financing and Investment Decisions When Firms Have InformationThat Investors Do Not Have6,535 cited
  • 1995The New Issues Puzzle3,550 cited
  • 1995Size and Book-to-Market Factors in Earnings and Returns3,456 cited
  • 1997Detecting long-run abnormal stock returns: The empirical power and specification of test statistics2,690 cited
  • 1987Further Evidence On Investor Overreaction and Stock Market Seasonality2,374 cited
  • 1998Earnings Management and the Long‐Run Market Performance of Initial Public Offerings2,300 cited
  • 1998International Momentum Strategies1,813 cited
  • 1997Myth or Reality? The Long-Run Underperformance of Initial Public Offerings: Evidence from Venture and Nonventure Capital-Backed Companies1,456 cited
  • 1986Equity issues and offering dilution1,397 cited
  • 1975Price performance of common stock new issues1,341 cited
  • 1982Intuitive prediction: Biases and corrective procedures1,152 cited
  • 2000Characteristics, Covariances, and Average Returns: 1929 to 1997

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1,100 cited
  • 1996Expectations and the Cross-Section of Stock Returns982 cited
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    • 2011Characterizing the Risk of IPO Long‐Run Returns: The Impact of Momentum, Liquidity, Skewness, and Investment27 cited
    • 2010Conglomerate Structure and Capital Market Timing12 cited