a r t i c l e i n f o We investigate the determinants of venture capital (VC) exit behavior after the lockup expiry in initial public offerings (IPOs) by considering insights from prospect theory and behavioral finance for the first time. Hereby, the paper concentrates on the under-researched relationship between fund managers and the limited partners investing in these funds. The results from ...

We introduce a novel approach to mining and leveraging data concerning stocks in order to predict the performance of new stocks following their initial public offering, a traditionally difficult task due to the lack of information and historical performance data. We collect a large corpus of articles for every existing stock between March 1st, 2014 and March 1st, 2015. We create weighted featur...

This paper studies the effect of learning new information on peoples beliefs and their attitudes towards ambiguity. We propose a method to separate ambiguity attitudes from subjective probabilities and to decompose ambiguity attitudes into pessimism (capturing ambiguity aversion) and likelihood insensitivity. We apply our method in an experiment where we elicit the ask prices of options with pa...

This study examines the endogenous market choice and its impact on underwriter spread if Alternative Investment Market (AIM) IPOs that meet Main (MM) listing requirements had issued equity in MM during 1995–2021 period. We find is 1.33% higher AIM than for IPO listings requirements. finding suggests companies, meeting requirements, could have saved more £100 million by going public through mark...

We provide a fresh look at the performance of stock prices firms that launched an IPO between 2009 and 2019 assess role their size, age sector in affecting future performance. utilize data about 1611 IPOs spanning 11 economic sectors using event study method. evidence firm’s size do act as predictors for its price evolution future. In addition, there is significant variation long-term small lar...

This study aims to examine the factor that influence underpricing of Initial public offering (IPO), namely Return on Assets and reputation underwriter. By using age, size, trading volume as control variables level shares in companies conducting IPOs Indonesia Stock Exchange. The sample for this was 112 2020-2022 period purposive sampling. From results data processing, it shows underwriter's var...