IPO pricing: a case of short-sale restrictions and divergent expectations

DOI10.1080/14697688.2010.542172MaRDI QIDQ2873563zbMATH OpenOpenAlexFDO

Authors Richard J. Kish, Nandkumar Nayar, Wenlong Weng

Publication date 24 January 2014

Published in Quantitative Finance (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1080/14697688.2010.542172

zbMATH Keywords

applied investment analysisbehavioral financeinefficienciesinitial public offeringinvestments managementshort selling

Mathematics Subject Classification ID

Corporate finance (dividends, real options, etc.) (91G50) Statistical methods; risk measures (91G70)

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Cited in

(6)

• Does short sale restriction lower price efficiency when substitutes exist? Evidence from the Korean market
• A market microstructure explanation of IPOs underpricing
• The conventional and informational impacts of monetary policy on the IPO market
• Heterogeneous beliefs and optimal ownership in entrepreneurial financing decisions
• Impact of after-market liquidity risk on initial public offering underpricing in order-driven market
• Cross-influence of information and risk effects on the IPO market: exploring risk disclosure with a machine learning approach

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