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Pseudo Market Timing and the Long‐Run Underperformance of IPOs
16 references·16 citing·39 second hopsampled
Pseudo Market Timing and the Long‐Run Underperformance of IPOs (2003)Pseudo Market Timing and the Long‐Run Und…A Review of IPO Activity, Pricing, and Allocations (2002)A Review of IPO Activity, Pri…Investor Psychology and Asset Pricing (2001)Investor Psychology and Asset…The Equity Share in New Issues and Aggregate Stock Returns (2000)The Equity Share in New Issue…Managerial Decisions and Long‐Term Stock Price Performance (2000)Managerial Decisions and Long…Improved Methods for Tests of Long‐Run Abnormal Stock Returns (1999)Improved Methods for Tests of…Why Do Companies Go Public? An Empirical Analysis (1998)Why Do Companies Go Public? A…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)Market efficiency, long-term …The Operating Performance of Firms Conducting Seasoned Equity Offerings (1997)The Operating Performance of …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…The New Issues Puzzle (1995)The New Issues PuzzleThe Post-Issue Operating Performance of IPO Firms (1994)The Post-Issue Operating Perf…Initial public offerings: International insights (1994)Initial public offerings: Int…The Post-Merger Performance of Acquiring Firms: A Re-Examination of an Anomaly (1992)The Post-Merger Performance o…The Long‐Run Performance of initial Public Offerings (1991)The Long‐Run Performance of i…INITIAL PUBLIC OFFERINGS (1988)INITIAL PUBLIC OFFERINGSCan managers time the market? Evidence using repurchase price data (2014)Can managers time the market?…Behavioral Corporate Finance: An Updated Survey (2013)Behavioral Corporate Finance:…The Credibility of Open Market Share Repurchase Signaling (2012)The Credibility of Open Marke…Equilibrium in the Initial Public Offerings Market (2011)Equilibrium in the Initial Pu…Behavioral Corporate Finance: An Updated Survey (2011)Behavioral Corporate Finance:…Initial Evidence on the Role of Accounting Earnings in the Bond Market (2009)Initial Evidence on the Role …Anomalies (2009)AnomaliesWhy Do Firms Issue Equity? (2007)Why Do Firms Issue Equity?Why Do Firms Become Widely Held? An Analysis of the Dynamics of Corporate Ownership (2007)Why Do Firms Become Widely He…Analysts' Selective Coverage and Subsequent Performance of Newly Public Firms (2006)Analysts' Selective Coverage …Can Managers Forecast Aggregate Market Returns? (2005)Can Managers Forecast Aggrega…Liquidity risk, leverage and long-run IPO returns (2004)Liquidity risk, leverage and …Behavioral Corporate Finance: A Survey (2004)Behavioral Corporate Finance:…The Really Long‐Run Performance of Initial Public Offerings: The Pre‐Nasdaq Evidence (2003)The Really Long‐Run Performan…Stock Valuation and Learning About Profitability (2002)Stock Valuation and Learning …Anomalies and Market Efficiency (2002)Anomalies and Market Efficien…Using daily stock returns (1985)The Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)Capital markets research in accounting (2001)Introductory Econometrics for Finance (2008)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)More Than Words: Quantifying Language to Measure Firms' Fundamentals (2008)Presidential Address: Discount Rates (2011)Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)Do Investors Trade Too Much? (1999)The Economic Costs of Conflict: A Case Study of the Basque Country (2003)Corporate financing and investment decisions when firms have information that investors do not have (1984)Underwriter Reputation, Initial Returns, and the Long‐Run Performance of IPO Stocks (1998)Institutional Investors and Equity Prices (2001)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)Risk, Return, and Equilibrium: Empirical Tests (1973)The relationship between return and market value of common stocks (1981)A five-factor asset pricing model (2014)Prospect Theory: An Analysis of Decision under Risk (1979)Prospect theory: An analysis of decision under risk (1988)Influencing Initial Public Offering Investors with Prestige: Signaling with Board Structures (2003)Why Has IPO Underpricing Changed Over Time (2004)In Search of Attention (2011)Efficient Capital Markets: A Review of Theory and Empirical Work (1970)Chapter 18 A survey of behavioral finance (2003)Market liquidity as a sentiment indicator (2004)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)What Do We Know about Capital Structure? Some Evidence from International Data (1995)Legal Determinants of External Finance (1997)Law and Finance (1998)Market Timing and Capital Structure (2002)Judgment under Uncertainty: Heuristics and Biases (1974)Information Uncertainty and Stock Returns (2006)Driven to Distraction: Extraneous Events and Underreaction to Earnings News (2009)Who Gambles in the Stock Market? (2009)
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References

  • 1995The New Issues Puzzle3,550 cited
  • 1991The Long‐Run Performance of initial Public Offerings3,500 cited
  • 1997Detecting long-run abnormal stock returns: The empirical power and specification of test statistics2,690 cited
  • 1998Market 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.12,572 cited
  • 2002A Review of IPO Activity, Pricing, and Allocations2,452 cited
  • 2001Investor Psychology and Asset Pricing2,429 cited
  • 1998Why Do Companies Go Public? An Empirical Analysis1,881 cited
  • 1999Improved Methods for Tests of Long‐Run Abnormal Stock Returns1,826 cited
  • 2000Managerial Decisions and Long‐Term Stock Price Performance1,573 cited
  • 1997Myth or Reality? The Long-Run Underperformance of Initial Public Offerings: Evidence from Venture and Nonventure Capital-Backed Companies1,456 cited
  • 1994Initial public offerings: International insights1,256 cited
  • 1992The Post-Merger Performance of Acquiring Firms: A Re-Examination of an Anomaly1,199 cited
  • 1988INITIAL PUBLIC OFFERINGS1,183 cited
  • 2000The Equity Share in New Issues and Aggregate Stock Returns

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

1,183 cited
  • 1997The Operating Performance of Firms Conducting Seasoned Equity Offerings1,098 cited
  • 1994The Post-Issue Operating Performance of IPO Firms1,036 cited
  • Cited by

    • 2007Why Do Firms Issue Equity?342 cited
    • 2003The Really Long‐Run Performance of Initial Public Offerings: The Pre‐Nasdaq Evidence336 cited
    • 2002Anomalies and Market Efficiency300 cited
    • 2013Behavioral Corporate Finance: An Updated Survey290 cited
    • 2004Behavioral Corporate Finance: A Survey273 cited
    • 2004Liquidity risk, leverage and long-run IPO returns257 cited
    • 2002Stock Valuation and Learning About Profitability239 cited
    • 2009Initial Evidence on the Role of Accounting Earnings in the Bond Market232 cited
    • 2007Why Do Firms Become Widely Held? An Analysis of the Dynamics of Corporate Ownership214 cited
    • 2009Anomalies205 cited
    • 2011Behavioral Corporate Finance: An Updated Survey187 cited
    • 2011Equilibrium in the Initial Public Offerings Market165 cited
    • 2006Analysts' Selective Coverage and Subsequent Performance of Newly Public Firms165 cited
    • 2014Can managers time the market? Evidence using repurchase price data161 cited
    • 2005Can Managers Forecast Aggregate Market Returns?161 cited
    • 2012The Credibility of Open Market Share Repurchase Signaling146 cited