haku: @author Makhija, A. K. / yhteensä: 5
viite: 3 / 5
| Tekijä: | Bhandari, A. Grammatikos, T. Makhija, A. K. |
| Otsikko: | Risk and Return on Newly Listed Stocks: The Post-Listing Evidence |
| Lehti: | Journal of Financial Research
1989 : SUMMER, VOL. 12:2, p.93-102 |
| Asiasana: | STOCK MARKETS STOCK EXCHANGES |
| Kieli: | eng |
| Tiivistelmä: | Researchers generally find that newly listed stocks underperform in the post-listed period. The following explanation has been suggested for this anomaly: The risk during the foregoing period is lower than other periods. The authors present evidence that the riskiness of the newly listed stocks undergoes a seasoning process. It is found that greater rather than lower risk prevails immediately after listing than in later times. This phenomena suggests that the post- listing anomaly is worse than has been previously thought. |
SCIMA