Essays about: "changing risk composition hypothesis"

Found 1 essay containing the words changing risk composition hypothesis.

  1. 1. UNDERPRICING IN COLD AND HOT ISSUE MARKETS: Testing the Changing Risk Composition Hypothesis on the Swedish IPO Market.

    University essay from

    Author : David Johansson; David Österman; [2017-06-30]
    Keywords : IPO; underpricing; first-day return; changing risk composition hypothesis; hot issue market; cold issue market; going public; risk;

    Abstract : This paper aims to investigate the difference in average first-day return on initial public offerings (IPOs) between the “cold issue” market of 2010-2013 and the “hot issue” market of 2014-2016 on the Swedish IPO market. IPOs during the hot issue market were subject to an average first-day return of 16.57 % compared to 6. READ MORE