Allocations, adverse selection and cascades in IPOs: evidence from the Tel Aviv Stock Exchange

Article Abstract:

This article examines theories concerning the underpricing of initial public offerings, using data from Israel?s Tel Aviv Stock Exchange. The earned return of uninformed investors is simulated, and that return is shown to be affected by order placement strategy.

Israel, Return on investment, Rate of return, Tel-Aviv Stock Exchange Ltd.

---

Allocation of initial public offerings and flipping

Article Abstract:

There is a notion that the active trading of initial public offerings (IPOs) is generally due to flipping activity; i.e., allocated shares being immediately resold. This paper integrates literature on the underpricing of IPOs and their aftermarket activities.

---

Who trades IPOs? A close look at the first days of trading

Article Abstract:

Trading activities and patterns, on the days after an initial public offering, are analyzed.

Economic aspects

Similar abstracts:

• Abstracts: Changes in comparative price and changes in market share: evidence from the BLS Point-of-Purchase survey. Promoting to strategic consumers
• Abstracts: Information, liquidity, and asset trading in a random matching game. Optimal information acquisition for heterogenous duopoly firms
• Abstracts: Nominal-contracting theories of unemployment: evidence form panel data. Accounting for the growth of MNC-based trade using a structural model of U.S. MNCs
• Abstracts: Interbank payments relationships in the antebellum United States: evidence from Pennsylvania. Financing banking crises
• Abstracts: Computers and the demand for skilled labour: industry- and establishment-level panel evidence for the UK. Do skill shortages reduce productivity? theory and evidence from the United Kingdom

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.