教師資料查詢 | 類別: 期刊論文 | 教師: 林建志 Lin, Chien-chin (瀏覽個人網頁)

標題:The Effects of Removing Price Limits: Evidence from Taiwan IPO Stocks
學年99
學期1
出版(發表)日期2011/01/01
作品名稱The Effects of Removing Price Limits: Evidence from Taiwan IPO Stocks
作品名稱(其他語言)
著者Liao, Mei-Hua; Lin, Chien-Chih; Wang, Yinrou
單位淡江大學財務金融學系
出版者Armonk: M.E. Sharpe, Inc.
著錄名稱、卷期、頁數Emerging Markets Finance & Trade 47(5), pp.40-52
摘要There have been few studies of the price limits for initial public offering (IPO) stocks. In 2005, the Taiwanese authorities introduced a trading rule that removed the price limit for IPO stocks during their first five days. In this paper, we investigate the influences of this trading rule on the aftermarket. It is shown that, after implementation of the trading rule, the level of aftermarket returns in the first two weeks became lower, the price was adjusted speedily, and the trading volume was increased.
關鍵字public offerings; price limit; underpricing
語言英文
ISSN1540-496X;1558-0938
期刊性質國外
收錄於SSCI
產學合作
通訊作者Liao, Mei-hua
審稿制度
國別美國
公開徵稿
出版型式紙本;電子版
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