Performance persistence of institutional investors in IPO market : evidence from China
Using a dataset consisting of complete bid information for 477 bookbuilt IPOs that took place during Nov 2010 to Oct 2012 in China, I examine whether the performance of institutional investors demonstrates persistence in the IPO market. Building on the adverse selection model as developed by Rock (1...
| Main Author: | |
|---|---|
| Format: | Others |
| Language: | en |
| Published: |
Digital Commons @ Lingnan University
2014
|
| Subjects: | |
| Online Access: | https://commons.ln.edu.hk/fin_etd/9 https://commons.ln.edu.hk/cgi/viewcontent.cgi?article=1008&context=fin_etd |