教師資料查詢 | 類別: 期刊論文 | 教師: 倪衍森 NI, YEN-SEN (瀏覽個人網頁)

標題:Do IPOs Matter for Price Limits? Evidence from Taiwan
學年104
學期1
出版(發表)日期2015/11/01
作品名稱Do IPOs Matter for Price Limits? Evidence from Taiwan
作品名稱(其他語言)
著者Yensen Ni; Paoyu Huang
單位
出版者
著錄名稱、卷期、頁數The Quarterly Review of Economics and Finance 58, p.74-83
摘要Given that the price limit hit is prominently displayed on the screen of the Taiwan Stock Exchange (TWSE), we explore whether price limits occur in initial public offering (IPO) firms according to the assumption that the sentiments of investors tend to be aroused by firms issuing IPOs and the price limit hit. Results reveal that price limits often occur in IPO stocks. The above phenomena do not only occur during the IPO issuing year, but may also be extended to the following year. We infer that several IPO firms tend to manipulate share prices, especially for technology and high-underpricing IPO firms. The results of this study may be interpreted from the sentiments of investors via the viewpoint of behavioral finance.
關鍵字Price limit;IPO;Investors' sentiments;Corporate governance;Board structure
語言英文
ISSN1062-9769
期刊性質國外
收錄於ESCI;
產學合作
通訊作者
審稿制度
國別荷蘭
公開徵稿
出版型式,紙本
相關連結
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