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dc.contributor.authorGajewski, Jean-François
HAL ID: 22015
dc.contributor.authorGresse, Carole
dc.date.accessioned2010-01-29T15:37:04Z
dc.date.available2010-01-29T15:37:04Z
dc.date.issued2008
dc.identifier.urihttps://basepub.dauphine.fr/handle/123456789/3199
dc.description.abstractfrUsing a ten-year sample of IPOs undertaken on Euronext with various mechanisms, our study examines the relationship between initial returns and post-listing liquidity, and tests whether it is influenced by ownership structure and information asymmetry. According to most of our findings, post-listing liquidity is positively related to initial underpricing, but we fail to prove that this relation is formed through ownership dispersion. It is more likely attributable to the interest underpriced stocks generate. Information asymmetry is negatively linked to the level of initial underpricing, suggesting that more public information is produced on more underpriced IPOs.en
dc.language.isoenen
dc.subjectIPOen
dc.subjectinformation asymmetryen
dc.subjectpost-listing liquidityen
dc.subjectinitial underpricingen
dc.subjectownership structureen
dc.subject.ddc332en
dc.subject.classificationjelG12en
dc.subject.classificationjelG14en
dc.subject.classificationjelG32en
dc.titleIPO Underpricing, Post-Listing Liquidity, and Information Asymmetry in the Secondary Marketen
dc.typeCommunication / Conférence
dc.contributor.editoruniversityotherUniversité de Savoie;France
dc.identifier.citationpages28en
dc.description.sponsorshipprivateouien
dc.subject.ddclabelEconomie financièreen
dc.relation.conftitle21st Australasian Finance and Banking Conferenceen
dc.relation.confdate2008-12
dc.relation.confcitySydneyen
dc.relation.confcountryAustralieen


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