Is the Abnormal Post-IPO Underperformance Really Abnormal? The Evidence from CEE Emerging Markets

Zaremba, Adam; Szyszka, Adam

doi:10.1080/1540496x.2016.1216988

Cited by 2 publications

(1 citation statement)

References 79 publications

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“…Que and Zhang (2019) obtained mixed results when calculating the relation between age and underperformance as depending on the method used to calculate rates of return, their results showed either an insignificant or positive and statistically significant relation. A positive and significant relation was found by Szyszka and Zaremba (2016), who found that older companies perform significantly better than the younger ones. These results were confirmed by Al-Shawawreh and Al-Tarawneh (2015).…”

Section: Introductionmentioning

confidence: 91%

Explanatory Theories of Stock Returns in the Long Run after IPO – Literature Review

Żyła¹

2022

Financial Sciences

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Negative returns of shares in the long run after initial public offerings have been confirmed on many markets, however the explanation for the cause of this phenomenon is ambiguous. Investigating underperformance is important because it allows for a better understanding of the role of the stock markets in the financial system. Such a market anomaly influences the behaviour of investors in the long run. Underperformance features in an extensive body of empirical literature and has been confirmed in most cases, yet it is inconclusive as to what affects such phenomenona on the markets. The purpose of this paper was to present the explanatory theories based on the behaviour of market participants and to summarise the explanatory variables of underperformance that stem from the theory.

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Section: Introductionmentioning

confidence: 91%

Explanatory Theories of Stock Returns in the Long Run after IPO – Literature Review

Żyła¹

2022

Financial Sciences

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Does the appointment of the three musketeers reduce IPO underpricing? global evidence

Jamaani

Alidarous²

2022

Eurasian Bus Rev

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Is the Abnormal Post-IPO Underperformance Really Abnormal? The Evidence from CEE Emerging Markets

Cited by 2 publications

References 79 publications

Explanatory Theories of Stock Returns in the Long Run after IPO – Literature Review

Explanatory Theories of Stock Returns in the Long Run after IPO – Literature Review

Does the appointment of the three musketeers reduce IPO underpricing? global evidence

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