期刊論文
| 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 | en |
| ISSN | 1062-9769 |
| 期刊性質 | 國外 |
| 收錄於 | SSCI |
| 產學合作 | |
| 通訊作者 | |
| 審稿制度 | 是 |
| 國別 | NLD |
| 公開徵稿 | |
| 出版型式 | ,紙本 |
| 相關連結 |
機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/106270 ) |