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Author: | Houge, T. (et al.) |
Title: | Divergence of opinion, uncertainty, and the quality of initial public offerings |
Journal: | Financial Management
2002 : WINTER, VOL. 30:4, p. 5-23 |
Index terms: | INITIAL PUBLIC OFFERINGS INVESTORS QUALITY UNCERTAINTY |
Freeterms: | OPINION |
Language: | eng |
Abstract: | The authors explore the relation between investor uncertainty, divergence of opinion, and the performance of initial public offerings (IPOs). They examine three opening-day proxies: the percentage opening spread, time of first trade, and flipping ratio. |
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