Essays about: "Underpricing"
Showing result 16 - 20 of 132 essays containing the word Underpricing.
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16. The Effect of Banking Relationships and Prospectus Transparency on IPO Underpricing
University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiAbstract : This paper investigates whether (1) pre-IPO banking relationships with a potential IPO underwriter, and (2) transparency in the "Use of Proceeds" section in the IPO prospectus, ameliorate asymmetric information problems behind IPO underpricing. If pre-IPO banking relationships and prospectus transparency generate and transmit information to the market, and thus reduce asymmetric information, firms with these characteristics should exhibit lower underpricing when going public. READ MORE
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17. Hot Bull or Cold Bear? How Market Cycles Affect IPO Underpricing
University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiAbstract : IPO underpricing and its variability is highly cyclical and follows waves, with "hot" and "cold" IPO markets displaying radically different characteristics. Further, during the 21st century, the effect of bear-, and bull markets on stock prices increased. READ MORE
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18. Complexity, Order and Underpricing: An Empirical Study of Underpricing in Technology IPOs
University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiAbstract : Using a sample of IPOs in technology-intensive industries between 1983 and 2022, this paper studies the impact of firm-specific characteristics and actions of prior peers on the initial returns of IPOs. Three types of variables are tested to explain the reasons for the large level and variability of IPO underpricing in the technology sector identified in previous academic studies. READ MORE
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19. How does the market condition affect the IPO market? : -Evidence from the Nordic region
University essay from Uppsala universitet/Nationalekonomiska institutionenAbstract : The Nordic markets have in recent years been flooded by IPOs, which have attracted the attention of investors seeking to capitalise on the IPO market. Previous studies on the IPO market have found strong evidence of underpricing, which is increasing in good market conditons. READ MORE
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20. Flirting with the Investor? A Study on the Effects of Female CEOs' Signaling Value on IPO Underpricing
University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiAbstract : This study investigates the potential signaling value a female CEO emits and its effect on IPO underpricing. By using a multiple variable regression model, 249 IPOs in Sweden from 2005 to the beginning of 2022 were analyzed. The results show a slight, but statistically insignificant, increase in underpricing when the firm had a female CEO. READ MORE