Information Risk and Long-Run Performance of Initial Public Offerings

Language: English

Published by Gabler Verlag, Gabler Verlag Okt 2008, 2008

383491259X / 9783834912596

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This item is printed on demand - Print on Demand Titel. Neuware -There has been an extensive debate in financial economics research on long-term abnormal stock returns following firms' initial public offerings (IPOs). So far, the discussion has concentrated on long-term underperformance.Frank Ecker examines the performance of U.S. IPOs from 1980 to 2002. He links positive and negative abnormal returns to the deviation of the realized information risk from the expected information risk. The author shows that abnormal returns are significantly negative during the price adjustment process when information risk has initially been underestimated whereas the returns are significantly positive in cases of information risk overestimation. Based on his findings, he proposes effective measures for a long-term profitable investment strategy in IPOs.Gabler, Betriebswirt.-Vlg, Abraham-Lincoln-Str. 46, 65189 Wiesbaden 152 pp. Englisch.

Seller Inventory # 9783834912596

Title
Information Risk and Long-Run Performance of Initial Public Offerings
Author
Frank Ecker
Publisher
Gabler Verlag, Gabler Verlag Okt 2008
Publication year
2008
Condition
Neu
Binding
Taschenbuch
Language
English
ISBN 10
383491259X
ISBN 13
9783834912596
Item weight
207 grams
Dimensions
210x148x9 mm

buchversandmimpf2000

Emtmannsberg, BAYE, Germany

5-star seller

AbeBooks seller since January 23, 2017

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