The IPO initial returns-aftermarket risk question revisited: evidence from firms in Taiwan

The IPO initial returns-aftermarket risk question revisited: evidence from firms in Taiwan

The purpose of this study is to utilize the Three Stage Least Squares (3SLS) of the simultaneous equation estimation approach to revisit the possible cross relationship between IPO initial returns and aftermarket risk. A structural form equation system of IPO initial returns and aftermarket risk equ...

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Bibliographic Details
Main Authors: Fong-Yi Shen, Yeong-Jia Goo
Format: Article
Language:English
Published: LLC "CPC "Business Perspectives" 2019-04-01
Series:Investment Management & Financial Innovations
Subjects:
3SLS
aftermarket risk
initial returns
IPO
Online Access:https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/11864/IMFI_2019_02_Shen.pdf

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