What explains voluntary premarket underpricing and aftermarket mispricing in Indian IPOs?
Sign Up to like & getrecommendations! Published in 2021 at "Journal of Behavioral and Experimental Finance"
DOI: 10.1016/j.jbef.2021.100565
Abstract: Abstract Using a unique regulatory design from the Indian IPO setting, this paper decomposes traditional underpricing (offer-to-close return) into voluntary premarket and aftermarket mispricing. This separation allows us to test propositions from information asymmetry-based and… read more here.
Keywords: ipos; aftermarket mispricing; voluntary premarket; significantly related ... See more keywords