Open Access. Powered by Scholars. Published by Universities.®
Finance and Financial Management Commons™
Open Access. Powered by Scholars. Published by Universities.®
- Publication
Articles 1 - 2 of 2
Full-Text Articles in Finance and Financial Management
Can Cognitive Error Explain The Ipo Partial Adjustment Phenomenon?, Steven D. Dolvin
Can Cognitive Error Explain The Ipo Partial Adjustment Phenomenon?, Steven D. Dolvin
Steven D. Dolvin
Chapter 5 of: Klein, E. (2005). Stock exchanges, IPO's and mutual funds. New York: Nova Science Publishers.
Are Hot Markets Driven By Hot Resource Shares Or Hot Commodities?, Jo-Ann Suchard, Li-Anne Woo
Are Hot Markets Driven By Hot Resource Shares Or Hot Commodities?, Jo-Ann Suchard, Li-Anne Woo
Li-Anne Woo
Cycles in initial public offer (IPO) underpricing have been historically linked to both the proportion and pricing of resource-based IPOs issued relative to the entire population of IPOs. In addition, IPOs in the less diversified resource sector are exposed to changes in underlying commodity market prices which directly affect firm valuation. However, prior IPO research has largely ignored the various risk factors affecting resource firms. In this paper, we explicitly consider the explanatory power of 'traditional' IPO risk factors and augment these with specific risk characteristics associated with the resource sector, such as the underlying changes in resource commodity prices, …