This paper examines the underpricing of IPOs in the Chinese A-share market during the
period 1992–2006. Since its inception, the Chinese IPO market has transformed from a …

Existing research does not find significant momentum profits in many emerging markets
including China. We propose an alternative momentum strategy which groups stocks into …

This study builds a theoretical model, empirically testing the impact of timeliness value of
technological innovation on initial public offering (IPO) timing and underpricing based on …

The inelastic markets hypothesis states that the aggregate stock market price elasticity of
demand is small, implying that flows have large impacts on prices. We exploit demand …

This study investigates the effect of corporate governance factors on the underpricing of
initial public offerings (IPOs) in Hong Kong, and the results show that this effect is significant …

Initial public offerings, as one of the most important activities for firms, have raising massive
amount of researches. Regarding China, the stock markets are experiencing a massive level …

Initial Returns und langfristige Rendite von Börsengängen in China 2001–2011. Ergebnisse
zum Einfluss des institutionellen und wirtschaftlichen Kontext von der Börse in Shanghai In …

We compare short-term and longer-term returns around IPOs, as well as post-issue
performance, between US and China IPOs. Short-term abnormal returns are higher for …

This paper illustrates the differences in the effects of seller-initiated versus buyer-initiated
crowded trades in stock markets. First, a one-period multi-investor model is proposed to …