Underpricing and aftermarket performance of American depositary receipts (ADR) IPOs

作者: Demissew Diro Ejara , Chinmoy Ghosh

DOI: 10.1016/J.JBANKFIN.2004.05.006

关键词:

摘要: … Unfortunately, detailed data could be obtained for only 28 ADR IPOs of which twelve are from emerging countries. The lowest institutional allocation is over 4% and the highest is 75% of …

参考文章(41)
Jay R. Ritter, Investment Banking and Securities Issuance Handbook of The Economics of Finance. ,vol. 1, pp. 255- 306 ,(2003) , 10.1016/S1574-0102(03)01009-4
Alexander Ljungqvist, William J. Wilhelm, The Seven Percent Solution? An International Perspective on Underwriting Spreads Social Science Research Network. ,(2001)
Robert W. Vishny, Andrei Shleifer, Maxim Boycko, A Theory of Privatization The Economic Journal. ,vol. 106, ,(1996)
WILLIAM L. MEGGINSON, ROBERT C. NASH, MATTHIAS VAN RANDENBORGH, The Financial and Operating Performance of Newly Privatized Firms: An International Empirical Analysis Journal of Finance. ,vol. 49, pp. 403- 452 ,(1994) , 10.1111/J.1540-6261.1994.TB05147.X
ROBERT C. MERTON, A Simple Model of Capital Market Equilibrium with Incomplete Information Journal of Finance. ,vol. 42, pp. 483- 510 ,(1987) , 10.1111/J.1540-6261.1987.TB04565.X
TIM LOUGHRAN, ANAND M. VIJH, Do Long‐Term Shareholders Benefit From Corporate Acquisitions? Journal of Finance. ,vol. 52, pp. 1765- 1790 ,(1997) , 10.1111/J.1540-6261.1997.TB02741.X
Maxim Boycko, Andrei Shleifer, Robert W. Vishny, A Theory of Privatisation The Economic Journal. ,vol. 106, pp. 309- 319 ,(1996) , 10.2307/2235248