Long-Run Performance of IPOs: Phenomenon and Theories

Jia-wei Zhang and Yi-fang Liu ()
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Jia-wei Zhang: Tianjin University
Yi-fang Liu: Tianjin University

A chapter in Proceedings of 20th International Conference on Industrial Engineering and Engineering Management, 2013, pp 347-355 from Springer

Abstract: Abstract The long-run underperformance of IPOs is one of the three anomalies in IPOs. Many scholars have carried on various researches on it since Ritter firstly found the long-run underperformance of IPOs. This paper investigates in the empirical and theoretical studies on the long-run performance of IPOs since Ritter. It gives a full introduction of the changes of methods for measuring the long-run performance of IPOs, controversies of empirical results, comparisons of the influencing factors, and theoretical explanations from different perspectives. At the end, some points of future research are presented.

Keywords: Influencing factors; IPO; Long-run performance; Measuring methods; Theoretical explanations (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-642-40072-8_34

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DOI: 10.1007/978-3-642-40072-8_34

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