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Asymmetric Information relating to Initial Public Offering Underpricing

Name: Asymmetric Information relating to Initial Public Offering Underpricing
Price: 18.95 EUR
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Author: Fotini Mastroianni
ISBN: 978-3-668-44071-5

Essay, 2012

30 Pages

Fotini Mastroianni (Author)

Excerpt

Introduction – Initial Public Offering

Assymetric information in general

Theories of asymmetric information
Information asymmetry among issuers and investors.
Information asymmetry among issuers and underwriters.
Information asymmetry among investors
Assymetric information and Signalling Theory

IPO Underpricing

Causes of Initial Public Offering Underpricing
Conditions of perfect information
Delay of negotiation and stock market rise
Underpricing as a hedge against legal risks
Underpricing and oversubscription of the share

Long-run underperformance of IPOs

Research

IPOs in US market 1985 – 1996 and Greek Market 2002-2006

Other international research

The reasons why IPO returns in the Internet sector are higher than other sectors

Advices to Investors

Conclusions

Reference List

Excerpt out of 30 pages

Details

Title: Asymmetric Information relating to Initial Public Offering Underpricing
Author: Fotini Mastroianni (Author)
Year: 2012
Pages: 30
Catalog Number: V359090
ISBN (eBook): 9783668440708
ISBN (Book): 9783668440715
File size: 635 KB
Language: English
Keywords: finance, economics, IPO, assymetric information, underpricing, investors

Quote paper: Fotini Mastroianni (Author), 2012, Asymmetric Information relating to Initial Public Offering Underpricing, Munich, GRIN Verlag, https://www.grin.com/document/359090

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