IDENTIFICATION OF PHENOMENA OF IPOS UNDERPRICING AND IPOS MEDIUM AND LONG-RUN UNDERPERFORMANCE ON THE WARSAW STOCK EXCHANGE IN THE PERIOD 2005 – 2013
The efficient markets theory suggests that it is not possible to consistently achieve abnormal return on the capital market. In practice, however, there are a variety of market anomalies which undermine this claim. These include among others: IPOs underpricing phenomenon and IPOs medium and long-run...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
University of Gdansk
2014-12-01
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| Series: | Contemporary Economy |
| Subjects: | |
| Online Access: | http://www.wspolczesnagospodarka.pl/?p=869 |