| 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 | en |
| ISSN | 1540-496X 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 | 是 |
| 國別 | USA |
| 公開徵稿 | |
| 出版型式 | 紙本 電子版 |
| 相關連結 |
機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/77747 ) |
| SDGS | 尊嚴就業與經濟發展 |
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