Information Risk and Long-Run Performance of Initial Public Offerings - Frank Ecker - Libros - Springer Fachmedien Wiesbaden - 9783834912596 - 28 de octubre de 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

Medios de comunicación Libros     Paperback Book   (Libro con tapa blanda y lomo encolado)
Publicado 28 de octubre de 2008
ISBN13 9783834912596
Editores Springer Fachmedien Wiesbaden
Páginas 132
Dimensiones 148 × 210 × 8 mm   ·   190 g
Lengua Inglés   Alemán  
Colaborador Prof. Dr. Hellmuth Milde
Colaborador Prof. Dr. Per Olsson

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