INCORPORATING TEMPORARY AND TRANSVERSE INFORMATION TO THE FORECAST OF STOCK PEFORMANCE DURING INITIAL PUBLIC OFFERINGS (Article published in Spanish)
DOI:
https://doi.org/10.1016/S0123-5923(07)70011-6Keywords:
IPO, underpricing, inertiaAbstract
This article discusses the short-term performance of initial public offerings using an approach that considers both cross-sectional and longitudinal perspectives. We present a way to combine the inertia in the IPO market and variables related to the offering structure to predict the initial return of specific companies. The combination of both results in a substantial increase in the explanatory power of the regression models used to asses the results.
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