The DOI matches its Crossref record; 2 of the 2 references it cites were found in a registry or an index.
IPO Market Cycles: Bubbles or Sequential Learning?
Open accessAbstract
Both IPO volume and average initial returns are highly autocorrelated. Further, more companies tend to go public following periods of high initial returns. However, we find that the level of average initial returns at the time of filing contains no information about that company's eventual underpricing. Both the cycles in initial returns and the lead‐lag relation between initial returns and IPO volume are predominantly driven by information learned during the registration period. More positive information results in higher initial returns and more companies filing IPOs soon thereafter.
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Cites
Investigating causal relations by econometric models and cross-spectral methods
Granger, C. W. J. (1969) · Econometrica · doi:10.2307/1912791 · Cited by 22,989
Investigating Causal Relations by Econometric Models and Cross-Spectral Methods
Granger, C. W. J. (2010) · Essays in Econometrics · doi:10.1017/cbo9780511753978.002 · Cited by 4,762
Cited by
Investor Sentiment and the Cross‐Section of Stock Returns
BAKER, M., & WURGLER, J. (2006) · The Journal of Finance · doi:10.1111/j.1540-6261.2006.00885.x · Cited by 6,049
Investor Sentiment and the Cross-section of Stock Returns
Baker, M. P., & Wurgler, J. A. (2003) · SSRN Electronic Journal · doi:10.2139/ssrn.464843 · Cited by 1,456
Initial Public Offerings: An Analysis of Theory and Practice
BRAU, J. C., & FAWCETT, S. E. (2006) · The Journal of Finance · doi:10.1111/j.1540-6261.2006.00840.x · Cited by 837
The Information Content of IPO Prospectuses
Hanley, K. W., & Hoberg, G. (2010) · Review of Financial Studies · doi:10.1093/rfs/hhq024 · Cited by 594
DEMERS, E., & JOOS, P. (2007) · Journal of Accounting Research · doi:10.1111/j.1475-679x.2007.00236.x · Cited by 196
Metadata
- Authors
- Lowry, M., & Schwert, G. W.
- Venue
- The Journal of Finance
- Publisher
- Wiley
- Published
- 2002-06
- Volume
- 57
- Issue
- 3
- Pages
- 1171-1200
- ISSN
- 0022-1082 (ISSN-L)
- 1540-6261
- OpenAlex
- W3123676835
- Cited by
- 627
- References
- 2
- FWCI
- 62.30
- Type
- journal article
- Language
- en
- Open access
- bronze
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
