Initial Public Offerings: Findings and Theories
Initial public offerings (IPOs) play a crucial role in allocating resources in market economies. Because of the enormous importance of IPOs, an understanding of how IPOs work is fundamental to an understanding of financial markets generally. Of particular interest is the puzzling existence of high i...
| Main Authors: | , , |
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| Format: | eBook |
| Language: | English |
| Published: |
New York, NY
Springer US
1995, 1995
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| Edition: | 1st ed. 1995 |
| Series: | Innovations in Financial Markets and Institutions
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| Subjects: | |
| Online Access: | |
| Collection: | Springer Book Archives -2004 - Collection details see MPG.ReNa |
Table of Contents:
- 1. Initial Public Offerings: An Introduction
- 2. History, Regulation, and Process
- 3. Empirical Findings
- Domestic Common Stock
- Foreign Common Stock>
- Bonds
- Investment Company/Other Offerings
- Summary
- 4. Theoretical Models of IPOs
- Adverse Selection
- Principal-Agent
- Signalling
- Heterodox Explanations
- Other IPO Models
- 5. Testing Theories of Underpricing
- 6. Conclusion
- Endnotes