Information Risk and Long-Run Performance of Initial Public Offerings

Information Risk and Long-Run Performance of Initial Public Offerings
Author: Frank Ecker
Publisher: Springer Science & Business Media
Total Pages: 146
Release: 2009-02-14
Genre: Business & Economics
ISBN: 3834981176


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Frank Ecker examines the performance of U.S. initial public offerings (IPOs) from 1980 to 2002. He links positive and negative abnormal returns to the deviation of the realized information risk from the expected information risk. The author proposes effective measures for a long-term profitable investment strategy in IPOs.