| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 1003196 | Research in International Business and Finance | 2010 | 13 Pages |
Abstract
This study examines the post-issue stock price performance of initial public offerings (IPOs) from advanced and emerging Asian markets from 1991 to 2004. We provide a comparative assessment on the short- and long-term stock performance of Asian IPOs with comprehensive international evidence. We use several different methods to examine the robustness of IPO performance. Our results reveal that whilst there is initial underpricing in Asian IPOs, the existence of long-run underperformance for the Asian IPOs depends resoundingly on the methodology used for assessment.
Related Topics
Social Sciences and Humanities
Business, Management and Accounting
Business and International Management
Authors
Fariborz Moshirian, David Ng, Eliza Wu,