This study investigates the internal mechanisms as an important factor for shareholders and stakeholders in initial public offering (IPO) firms with stakeholder-oriented corporate governance. Over period of 2009–2016, we examine role independent directors Japanese According to previous research, monitoring is strengthened countries a market-based financial system. Our empirical analyses show th...

This paper analyzes bidding data of IPO auctions held in Taiwan to address three questions. First, several studies on bookbuilding IPOs have shown that allocation policies favor institutional investors. Would auctions be a fairer mechanism to retail investors? Second, Sherman (2002) argues that bookbuilding has an edge over auctions in IPO pricing. What empirical evidence can be offered to sugg...

paper studies the impact of the liquidity, underpricing and ownership up on both the short term and long term performance of the initial public offer (ipo) stocks in the equity markets of india. empirical analysis is undertaken to study the impact of liquidity, underpricing and ownership on performance of ipo stocks. multiple regression analysis is undertaken for analyzing the impact. it is fou...

To inform theory and to investigate the practical application of prediction markets in a setting where the distribution of information across agents is critical, we conducted markets designed to forecast post-IPO valuations before a particularly unique IPO: Google. Because prediction markets allow us to infer the distribution of information before the IPO, the combination of results from our ma...

Prior work suggests that heterogeneous information or weak incentives for solvency could have caused some general liability insurers to charge low ex ante prices during the early 1980s and mid-to-late 1990s, putting downward pressure on other firms’ prices and plausibly aggravating subsequent periods of rapid premium growth. We analyse whether the 1994–1999 ‘‘soft’’ market in medical malpractic...

This paper empirically analyzes the initial and after-market returns for the Turkish initial public offerings (IPOs) to provide an emerging market case of international evidence on performances of IPOs. The sample consists of 163 firms listed and traded on the Istanbul Stock Exchange during the period of 1990–1996. The results show that the Turkish IPOs are underpriced on initial trading day on...

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...

This paper analyzes a comprehensive data set of 108 non venture-backed, 58 venture-backed and 33 bridge financed companies going public at Germany’s Neuer Markt between March 1997 and March 2000. I examine whether these three types of issues differ with regard to issuer characteristics, balance sheet data or offering characteristics. Moreover, this empirical study contributes to the underpricin...