Initial Public Offerings: Findings and Theories / Edition 1

Initial Public Offerings: Findings and Theories / Edition 1

by Seth Anderson, T. Randolph Beard, Jeffery Born
     
 

ISBN-10: 0792396332

ISBN-13: 9780792396338

Pub. Date: 11/07/1995

Publisher: Springer US

Initial public offerings (IPOs) play a crucial role in allocating resources in market economies. Because of the enormous importance of IPOs, an understanding of how IPOs work is fundamental to an understanding of financial markets generally. Of particular interest is the puzzling existence of high initial returns to equity IPOs in the United States and other

Overview

Initial public offerings (IPOs) play a crucial role in allocating resources in market economies. Because of the enormous importance of IPOs, an understanding of how IPOs work is fundamental to an understanding of financial markets generally. Of particular interest is the puzzling existence of high initial returns to equity IPOs in the United States and other free-market economies.
Audience: Designed for use by anyone wishing to perform further academic research in the area of IPOs and by those practitioners interested in IPOs as investment vehicles.

Product Details

ISBN-13:
9780792396338
Publisher:
Springer US
Publication date:
11/07/1995
Series:
Innovations in Financial Markets and Institutions Series, #8
Edition description:
1995
Pages:
111
Product dimensions:
6.10(w) x 9.25(h) x 0.36(d)

Table of Contents

Preface. Writings summarized. 1. Initial public offerings: an introduction. 2. History, regulation, and process. 3. Empirical findings. 4. Theoretical models of IPOs. 5. Testing theories of underpricing. 6.Conclusion. Bibliography. Endnotes. Index.

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