𝔖 Bobbio Scriptorium
✦   LIBER   ✦

The long-run performance of stock returns following debt offerings

✍ Scribed by D.Katherine Spiess; John Affleck-Graves


Book ID
114221664
Publisher
Elsevier Science
Year
1999
Tongue
English
Weight
179 KB
Volume
54
Category
Article
ISSN
0304-405X

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πŸ“œ SIMILAR VOLUMES


The Long-Run Performance of Initial Publ
✍ Ritter J.R. πŸ“‚ Library πŸ“… 1991 🌐 English βš– 1 MB

The underpricing of initial public offerings (IPOs) that has been widely documented appears to be a short-run phenomenon. Issuing firms during 1975-84 substantially underperformed a sample of matching firms from the closing price on the first day of public trading to their three-year anniversaries.