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  1. Review of Quantitative Finance and Accounting
  2. Review of Quantitative Finance and Accounting : Volume 34
  3. Review of Quantitative Finance and Accounting : Volume 34, Issue 4, May 2010
  4. Chinese IPO activity, pricing, and market cycles
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Review of Quantitative Finance and Accounting : Volume 48
Review of Quantitative Finance and Accounting : Volume 47
Review of Quantitative Finance and Accounting : Volume 46
Review of Quantitative Finance and Accounting : Volume 45
Review of Quantitative Finance and Accounting : Volume 44
Review of Quantitative Finance and Accounting : Volume 43
Review of Quantitative Finance and Accounting : Volume 42
Review of Quantitative Finance and Accounting : Volume 41
Review of Quantitative Finance and Accounting : Volume 40
Review of Quantitative Finance and Accounting : Volume 39
Review of Quantitative Finance and Accounting : Volume 38
Review of Quantitative Finance and Accounting : Volume 37
Review of Quantitative Finance and Accounting : Volume 36
Review of Quantitative Finance and Accounting : Volume 35
Review of Quantitative Finance and Accounting : Volume 34
Review of Quantitative Finance and Accounting : Volume 34, Issue 4, May 2010
Pricing credit card loans with default risks: a discrete-time approach
A dynamic perspective on the determinants of accounts payable
Corporate governance and firm value during a financial crisis
Chinese IPO activity, pricing, and market cycles
The pricing of accruals for profit and loss firms
Managerial motivation and timing of open market share repurchases
Review of Quantitative Finance and Accounting : Volume 34, Issue 3, April 2010
Review of Quantitative Finance and Accounting : Volume 34, Issue 2, February 2010
Review of Quantitative Finance and Accounting : Volume 34, Issue 1, January 2010
Review of Quantitative Finance and Accounting : Volume 33
Review of Quantitative Finance and Accounting : Volume 32
Review of Quantitative Finance and Accounting : Volume 31
Review of Quantitative Finance and Accounting : Volume 30
Review of Quantitative Finance and Accounting : Volume 29
Review of Quantitative Finance and Accounting : Volume 28
Review of Quantitative Finance and Accounting : Volume 27
Review of Quantitative Finance and Accounting : Volume 26
Review of Quantitative Finance and Accounting : Volume 25
Review of Quantitative Finance and Accounting : Volume 24
Review of Quantitative Finance and Accounting : Volume 23
Review of Quantitative Finance and Accounting : Volume 22
Review of Quantitative Finance and Accounting : Volume 21
Review of Quantitative Finance and Accounting : Volume 20
Review of Quantitative Finance and Accounting : Volume 19
Review of Quantitative Finance and Accounting : Volume 18
Review of Quantitative Finance and Accounting : Volume 17
Review of Quantitative Finance and Accounting : Volume 16
Review of Quantitative Finance and Accounting : Volume 15
Review of Quantitative Finance and Accounting : Volume 14
Review of Quantitative Finance and Accounting : Volume 13
Review of Quantitative Finance and Accounting : Volume 12
Review of Quantitative Finance and Accounting : Volume 11
Review of Quantitative Finance and Accounting : Volume 10
Review of Quantitative Finance and Accounting : Volume 9
Review of Quantitative Finance and Accounting : Volume 8

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Chinese IPO activity, pricing, and market cycles

Content Provider Springer Nature Link
Author Zhou, Zhong guo Zhou, Janet
Copyright Year 2009
Abstract We examine the activity, pricing, and market cycles of 1,380 Chinese A share IPOs over the period 1991–2005 and find initial underpricing of 238%. The government restrictions on IPO offer price and quota allocation cause pricing structural breaks and attribute more than half of initial underpricing. A multifactor model that includes firm’s characteristics, excess demand for IPO shares, and the government restrictions explains cross-sectional initial returns, after controlling for industrial differences and stock market conditions. In addition, monthly IPO volume and average initial return are highly correlated. A VAR model indicates that initial return leads IPO volume by 6 months.
Starting Page 483
Ending Page 503
Page Count 21
File Format PDF
ISSN 0924865X
Journal Review of Quantitative Finance and Accounting
Volume Number 34
Issue Number 4
e-ISSN 15737179
Language English
Publisher Springer US
Publisher Date 2009-09-22
Publisher Place Boston
Access Restriction One Nation One Subscription (ONOS)
Subject Keyword Chinese A share IPOs Government restrictions Initial underpricing Cross-sectional analysis IPO market cycles Operations Research/Decision Theory Econometrics Accounting/Auditing Finance /Banking
Content Type Text
Resource Type Article
Subject Finance Accounting
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