The Puzzle in Post-listing Common Stock Returns
AbstractPrior studies indicate that common stocks tend to earn negative returns immediately following listing on the NYSE. The authors document the phenomenon in detail and investigate a number of possible explanations. No full explanation is discovered although several are ruled out. Copyright 1987 by American Finance Association.
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Bibliographic InfoArticle provided by American Finance Association in its journal Journal of Finance.
Volume (Year): 42 (1987)
Issue (Month): 1 (March)
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- Michael R. King & Dan Segal, 2009.
"The Long-Term Effects of Cross-Listing, Investor Recognition, and Ownership Structure on Valuation,"
Review of Financial Studies,
Society for Financial Studies, vol. 22(6), pages 2393-2421, June.
- Michael R. King & Dan Segal, 2006. "The Long-Term Effects of Cross-Listing Investor Recognition, and Ownership Structure on Valuation," Working Papers 06-44, Bank of Canada.
- Luo, Yongli & Fang, Fang & Esqueda, Omar A., 2012. "The overseas listing puzzle: Post-IPO performance of Chinese stocks and ADRs in the U.S. market," Journal of Multinational Financial Management, Elsevier, vol. 22(5), pages 193-211.
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