An Analysis of Bond Investment Company Initial Public Offerings: Past and Present

Seth C Anderson, Jeffery A Born and Thomas Beard

The Financial Review, 1991, vol. 26, issue 2, 211-22

Abstract: In this study, the authors investigate the return behavior of bond investment company initial public offerings. Samples of these initial public offerings collected for the periods 1973-76 and 1986-87 exhibited negative returns to investors. The findings are in contrast to those usually reported for initial public offerings but are consistent with those recently reported for equity investment company initial public offerings. Copyright 1991 by MIT Press.

Date: 1991
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Persistent link: https://EconPapers.repec.org/RePEc:bla:finrev:v:26:y:1991:i:2:p:211-22

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