Digital Library
Close Browse articles from a journal
 
   next >>
     Journal description
       All volumes of the corresponding journal
         All issues of the corresponding volume
           All articles of the corresponding issues
                                       Details for article 1 of 7 found articles
 
 
  An examination of IPO underpricing in the growth enterprise market of Hong Kong
 
 
Title: An examination of IPO underpricing in the growth enterprise market of Hong Kong
Author: Vong, Anna P. I.
Zhao, N.
Appeared in: Applied financial economics
Paging: Volume 18 (2008) nr. 19 pages 1539-1547
Year: 2008-10
Contents: This study examines the first-day returns of initial public offerings listed on the Growth Enterprise Market (GEM) of Hong Kong from its inception until the year of 2005. Results show that GEM, operating under a relaxed set of listing requirements, exhibits a higher underpricing level than that of the Main Board. Such a higher level can be explained by the ex-post volatility of after-market returns, the timing effects and the geographic location (i.e. 'H' SHARES). Both the reputation of underwriters and the signalling role of underpricing show no effect on initial excess returns.
Publisher: Routledge
Source file: Elektronische Wetenschappelijke Tijdschriften
 
 

                             Details for article 1 of 7 found articles
 
   next >>
 
 Koninklijke Bibliotheek - National Library of the Netherlands