Initial public offerings as lotteries: Skewness preference and first-day returns

Management Science

Volumn 58, Issue 2, 2012, Pages 432-444

  Green, T Clifton ^a   Hwang, Byoung Hyoun ^b  

^a EMORY UNIVERSITY   (United States)

^b PURDUE UNIVERSITY   (United States)

Author keywords

IPO underpricing; Lotteries; Skewness preference

Indexed keywords

ABNORMAL RETURNS; INITIAL PUBLIC OFFERINGS; INVESTOR SENTIMENTS; IPO UNDERPRICING; LOTTERIES; SKEWNESS PREFERENCE;

COMMERCE;

HIGHER ORDER STATISTICS;

EID: 84861370003     PISSN: 00251909     EISSN: 15265501     Source Type: Journal    
DOI: 10.1287/mnsc.1110.1431     Document Type: Article

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