Information Risk and Long-Run Performance of Initial Public Offerings - Frank Ecker - Bøker - Springer Fachmedien Wiesbaden - 9783834912596 - 28. oktober 2008
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Information Risk and Long-Run Performance of Initial Public Offerings 2009 edition

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There has been an extensive debate in financial economics research on long-term abnormal stock returns following firms' initial public offerings (IPOs). So far, the discussion has concentrated on long-term under-performance. Frank Ecker examines the performance of U. S. IPOs from 1980 to 2002. He links positive and negative abnormal returns to the deviation of the realized information risk from the expected information risk. the author shows that abnormal returns are significantly negative during the price adjustment process when information risk has initially been underestimated whereas the returns are significantly positive in cases of information risk overestimation. Based on his findings, he proposes effective measures for a long-term profitable investment strategy in IPOs. This book is a valuable reference for academics in the field of capital market research as well as for managers of IPO firms and investment bankers.


132 pages, 27 black & white tables, biography

Media Bøker     Pocketbok   (Bok med mykt omslag og limt rygg)
Utgitt 28. oktober 2008
ISBN13 9783834912596
Utgivere Springer Fachmedien Wiesbaden
Antall sider 132
Mål 148 × 210 × 8 mm   ·   190 g
Språk Engelsk   Tysk  
Medvirkende Prof. Dr. Hellmuth Milde
Medvirkende Prof. Dr. Per Olsson

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