| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5057571 | Economics Letters | 2017 | 11 Pages |
Abstract
We study the risk and return characteristics of IPOs for up to 60 months. After controlling for Asness et al. (2014) quality minus junk factor, IPOs outperform the benchmark portfolios. The previously-documented negative abnormal IPO returns may derive from inaccurate benchmarks.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Magnus Blomkvist, Timo Korkeamäki, John Pettersson,