| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5089858 | Journal of Banking & Finance | 2012 | 13 Pages |
Abstract
⺠We examine IPOs in a setting which is far more transparent than other markets. ⺠Transparency in IPO mechanism leads to concentrated demand. ⺠Demand of retail investors is positively associated with a high IPO price. ⺠We find that retail investors exhibit overconfidence in IPO investments. ⺠Retail investors can do well by following institutional investors.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Suman Neupane, Sunil S. Poshakwale,