Leseprobe
Table of Contents
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
- Arbeit zitieren
- Fotini Mastroianni (Autor:in), 2012, Asymmetric Information relating to Initial Public Offering Underpricing, München, GRIN Verlag, https://www.grin.com/document/359090
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