Impact of after-market liquidity risk on initial public offering underpricing in order-driven market

MaRDI QIDQ5318637zbMATH OpenFDO

Authors

Publication date 22 July 2009

zbMATH Keywords

after-market liquidity riskinitial public offering underpricingrisk and premium tradeoff

Mathematics Subject Classification ID

Economics of information (91B44)

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Cited in

(4)

• A market microstructure explanation of IPOs underpricing
• Analysis of the investment behavior and optimal trading policy of strategic allotment shareholders
• Cross-influence of information and risk effects on the IPO market: exploring risk disclosure with a machine learning approach
• Long-run operating performance of initial public offerings in Japanese over-the-counter market (1991--2001): Evidence and implications

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