The Variability of IPO Initial Returns
收藏NBER2006-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w12295
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资源简介：
The monthly volatility of IPO initial returns is substantial, fluctuates dramatically over time, and is considerably larger during "hot" IPO markets. Consistent with IPO theory, the volatility of initial returns is higher among firms whose value is more difficult to estimate, i.e., among firms with
提供机构：
美国国家经济研究局
创建时间：
2006-06-01
