SZodixStudyAcademic Library
ShelvesOpen access
Study · an open academic library·Metadata from OpenAlex (CC0)·Shelves·OpenAlex metadata, de-duplicated
IPO Market Cycles: Bubbles or Sequential Learning?
16 references·16 citing·34 second hopsampled
IPO Market Cycles: Bubbles or Sequential Learning? (2002)IPO Market Cycles: Bubbles or Sequential …Investigating Causal Relations by Econometric Models and Cross-Spectral Methods (2010)Investigating Causal Relation…Why Don’t Issuers Get Upset About Leaving Money on the Table in IPOs? (2002)Why Don’t Issuers Get Upset A…Why Do Companies Go Public? An Empirical Analysis (1998)Why Do Companies Go Public? A…Underwriter Reputation, Initial Returns, and the Long‐Run Performance of IPO Stocks (1998)Underwriter Reputation, Initi…The underpricing of initial public offerings and the partial adjustment phenomenon (1993)The underpricing of initial p…Venture Capitalist Certification in Initial Public Offerings (1991)Venture Capitalist Certificat…The Long‐Run Performance of initial Public Offerings (1991)The Long‐Run Performance of i…Investor Sentiment and the Closed‐End Fund Puzzle (1991)Investor Sentiment and the Cl…Investor Sentiment and the Closed-End Fund Puzzle (1991)Investor Sentiment and the Cl…How investment bankers determine the offer price and allocation of new issues (1989)How investment bankers determ…INITIAL PUBLIC OFFERINGS (1988)INITIAL PUBLIC OFFERINGSWhy new issues are underpriced (1986)Why new issues are underpricedInvestment banking, reputation, and the underpricing of initial public offerings (1986)Investment banking, reputatio…The "Hot Issue" Market of 1980 (1984)The "Hot Issue" Market of 1980Risk, Return, and Equilibrium: Empirical Tests (1973)Risk, Return, and Equilibrium…Investigating Causal Relations by Econometric Models and Cross-spectral Methods (1969)Investigating Causal Relation…IPO first-day returns, offer price revisions, volatility, and form S-1 language (2013)IPO first-day returns, offer …Local Underwriter Oligopolies and IPO Underpricing (2011)Local Underwriter Oligopolies…The Variability of IPO Initial Returns (2010)The Variability of IPO Initia…Do Investors Overweight Personal Experience? Evidence from IPO Subscriptions (2007)Do Investors Overweight Perso…Investor Sentiment and Pre‐IPO Markets (2006)Investor Sentiment and Pre‐IP…Social Mood and Financial Economics (2005)Social Mood and Financial Eco…IPO Pricing in “Hot” Market Conditions: Who Leaves Money on the Table? (2005)IPO Pricing in “Hot” Market C…Initial Public Offerings in Hot and Cold Markets (2004)Initial Public Offerings in H…Is the IPO pricing process efficient? (2003)Is the IPO pricing process ef…Evidence of Information Spillovers in the Production of Investment Banking Services (2003)Evidence of Information Spill…Chapter 15 Anomalies and market efficiency (2003)Chapter 15 Anomalies and mark…An Empirical Analysis of Analysts' Target Prices: Short‐term Informativeness and Long‐term Dynamics (2003)An Empirical Analysis of Anal…Partial Adjustment to Public Information and IPO Underpricing (2002)Partial Adjustment to Public …Institutional Allocation in Initial Public Offerings: Empirical Evidence (2002)Institutional Allocation in I…Anomalies and Market Efficiency (2002)Anomalies and Market Efficien…IPO Allocations: Discriminatory or Discretionary? (2001)IPO Allocations: Discriminato…The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)The Role of Market Forces in Assuring Contractual Performance (1981)Initial Public Offerings and Underwriter Reputation (1990)A Model of the Demand for Investment Banking Advising and Distribution Services for New Issues (1982)Information and the Cost of Capital (2004)Causal Ordering and Identifiability (1977)Giving Content to Investor Sentiment: The Role of Media in the Stock Market (2007)Effects of Word-of-Mouth versus Traditional Marketing: Findings from an Internet Social Networking Site (2009)Testing for Granger non-causality in heterogeneous panels (2012)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Behavior of Stock-Market Prices (1965)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)The Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)On Persistence in Mutual Fund Performance (1997)Auditor independence, ‘low balling’, and disclosure regulation (1981)Financial Intermediation, Loanable Funds, and The Real Sector (1997)Interorganizational Endorsements and the Performance of Entrepreneurial Ventures (1999)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)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)Why Has IPO Underpricing Changed Over Time? (2002)Why Has IPO Underpricing Changed Over Time (2004)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)Oil and the Macroeconomy since World War II (1983)
this work references cited by second hop· second hop is a sample of the most-cited connections

References

  • 1969Investigating Causal Relations by Econometric Models and Cross-spectral Methods22,971 cited
  • 1973Risk, Return, and Equilibrium: Empirical Tests14,248 cited
  • 2010Investigating Causal Relations by Econometric Models and Cross-Spectral Methods4,760 cited
  • 1991The Long‐Run Performance of initial Public Offerings3,500 cited
  • 1986Why new issues are underpriced2,788 cited
  • 1986Investment banking, reputation, and the underpricing of initial public offerings2,581 cited
  • 1991Venture Capitalist Certification in Initial Public Offerings2,322 cited
  • 1998Why Do Companies Go Public? An Empirical Analysis1,881 cited
  • 1989How investment bankers determine the offer price and allocation of new issues1,815 cited
  • 1984The "Hot Issue" Market of 19801,586 cited
  • 1998Underwriter Reputation, Initial Returns, and the Long‐Run Performance of IPO Stocks1,510 cited
  • 1991Investor Sentiment and the Closed-End Fund Puzzle1,508 cited
  • 2002Why Don’t Issuers Get Upset About Leaving Money on the Table in IPOs?1,384 cited
  • 1991Investor Sentiment and the Closed‐End Fund Puzzle1,284 cited
  • 1988INITIAL PUBLIC OFFERINGS1,183 cited

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

  • 1993The underpricing of initial public offerings and the partial adjustment phenomenon988 cited
  • Cited by

    • 2002Anomalies and Market Efficiency547 cited
    • 2013IPO first-day returns, offer price revisions, volatility, and form S-1 language541 cited
    • 2005IPO Pricing in “Hot” Market Conditions: Who Leaves Money on the Table?539 cited
    • 2005Social Mood and Financial Economics535 cited
    • 2003An Empirical Analysis of Analysts' Target Prices: Short‐term Informativeness and Long‐term Dynamics504 cited
    • 2003Chapter 15 Anomalies and market efficiency503 cited
    • 2002Partial Adjustment to Public Information and IPO Underpricing491 cited
    • 2007Do Investors Overweight Personal Experience? Evidence from IPO Subscriptions455 cited
    • 2004Initial Public Offerings in Hot and Cold Markets408 cited
    • 2006Investor Sentiment and Pre‐IPO Markets408 cited
    • 2010The Variability of IPO Initial Returns391 cited
    • 2003Evidence of Information Spillovers in the Production of Investment Banking Services386 cited
    • 2003Is the IPO pricing process efficient?382 cited
    • 2002Institutional Allocation in Initial Public Offerings: Empirical Evidence350 cited
    • 2011Local Underwriter Oligopolies and IPO Underpricing332 cited
    • 2001IPO Allocations: Discriminatory or Discretionary?331 cited