IPO post-issue markets: Questionable predilections but diligent learners?

Review of Economics and Statistics

Volumn 83, Issue 2, 2001, Pages 333-347

  Bossaerts, Peter ^a   Hillion, Pierre ^a  

^a NONE

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0035613523     PISSN: 00346535     EISSN: None     Source Type: Journal    
DOI: 10.1162/00346530151143860     Document Type: Article

References (18)

1. Bondarenko, O., "Testing Rationality of Financial Markets: An Application to S&P 500 Index Options," Caltech working paper (1997).
2. Bondarenko, O., and P. Bossaerts, "Expectations and Learning in Iowa," Journal of Banking and Finance 24:9 (2000), 1535-1555.
3. Bossaerts, P., "The Econometrics of Learning in Financial Markets," Econometric Theory 11:1 (1995), 151-189.
4. _, "Martingale Restrictions on Securities Prices Under Rational Expectations and Consistent Beliefs," Caltech working paper
5. _, "The Dynamics of Equity Prices in Fallible Markets," Caltech working paper (1998).
6. Hensler, D. A., R. C. Rutherford, and T. M. Springer, "The Survival of Initial Public Offerings in the Aftermarket," Journal of Financial Research 20:1 (1997), 93-110.
7. Teoh, Siew Hong, I. Welch, and T. J. Wong, "Earnings Management and the Long-Run Market Performance of Initial Public Offerings," Journal of Finance 53 (1998), 1935-1974.
8. Jain, B., and O. Kini, "The Post-Issue Operating Performance of IPO Firms," Journal of Finance 49:5 (1994), 1699-1726.
9. Jegadeesh, N., "Long-Run Performance of Seasoned Equity Offerings: Benchmarks Errors and Biases in Expectations," University of Illinois, Urbana-Champaign, working paper (1998).
10. Lewellen, J., and J. Shanken, "Market Efficiency, Rational Expectations and Estimation Risk," William E. Simon Graduate School of Business Administration, University of Rochester, working paper (1998).
11. Loughran, T., and J. Ritter, "The New Issues Puzzle," Journal of Finance 50:1 (1995), 23-51.
12. Miller, E., "Risk, Uncertainty and Divergence of Opinion," Journal of Finance 32:1 (1977), 1151-1168.
13. Morris, S., "The Re-Sale Premium for Assets in General Equilibrium," Department of Economics, University of Pennsylvania working paper (undated).
14. Ritter, J., "The Long-Run Performance of Initial Public Offerings," Journal of Finance 46:1 (1991), 3-27.
15. _, "Big IPO Runups of 1975-2000," University of Florida manuscript (2000).
16. Rubinstein, M., "The Valuation of Uncertain Income Streams and the Pricing of Options," The Bell Journal of Economics 7:2 (1976), 407-425.
17. Shumway, T., "The Delisting Bias in CRSP Data," Journal of Finance 52:1 (1997), 327-340.
18. van Bommel, Jos, "Essays on Initial Public Offerings and Stock Market Rumours," Unpublished doctoral dissertation, INSEAD (1999).