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Why initial public offerings are underpriced: Evidence from Switzerland

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  • Kunz, Roger M.
  • Aggarwal, Reena
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    Bibliographic Info

    Article provided by Elsevier in its journal Journal of Banking & Finance.

    Volume (Year): 18 (1994)
    Issue (Month): 4 (September)
    Pages: 705-723

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    Handle: RePEc:eee:jbfina:v:18:y:1994:i:4:p:705-723

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    Web page: http://www.elsevier.com/locate/jbf

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    Cited by:
    1. Kiymaz, Halil, 2000. "The initial and aftermarket performance of IPOs in an emerging market: evidence from Istanbul stock exchange," Journal of Multinational Financial Management, Elsevier, vol. 10(2), pages 213-227, June.
    2. Samarakoon, Lalith P., 2010. "The short-run underpricing of initial public offerings in the Sri Lankan stock market," Journal of Multinational Financial Management, Elsevier, vol. 20(4-5), pages 197-213, December.
    3. Jing Chi & Carol Padgett, 2002. "The Performance and Long-Run Characteristics of the Chinese IPO Market," ICMA Centre Discussion Papers in Finance icma-dp2002-09, Henley Business School, Reading University, revised Apr 2002.
    4. Marco Rummer & Andreas Oehler & Peter N. Smith, 2004. "IPO Pricing and the Relative Importance of Investor Sentiment: Evidence from Germany," Money Macro and Finance (MMF) Research Group Conference 2004 62, Money Macro and Finance Research Group.
    5. Kim, Kenneth A. & Kitsabunnarat, Pattanaporn & Nofsinger, John R., 2004. "Ownership and operating performance in an emerging market: evidence from Thai IPO firms," Journal of Corporate Finance, Elsevier, vol. 10(3), pages 355-381, June.
    6. Engelen, Peter-Jan & van Essen, Marc, 2010. "Underpricing of IPOs: Firm-, issue- and country-specific characteristics," Journal of Banking & Finance, Elsevier, vol. 34(8), pages 1958-1969, August.
    7. Chen, Gongmeng & Firth, Michael & Kim, Jeong-Bon, 2004. "IPO underpricing in China's new stock markets," Journal of Multinational Financial Management, Elsevier, vol. 14(3), pages 283-302, July.
    8. Blass, Asher & Yafeh, Yishay, 2001. "Vagabond shoes longing to stray: Why foreign firms list in the United States," Journal of Banking & Finance, Elsevier, vol. 25(3), pages 555-572, March.
    9. Radha Shiwakoti & Robert Hudson & Helen Short, 2005. "A study of the initial returns and the aftermarket performance of initial public offerings of demutualized building societies in the UK," Applied Economics Letters, Taylor & Francis Journals, vol. 12(7), pages 403-409.
    10. Paudyal, K. & Saadouni, B. & Briston, R. J., 1998. "Privatisation initial public offerings in Malaysia: Initial premium and long-term performance," Pacific-Basin Finance Journal, Elsevier, vol. 6(5), pages 427-451, November.
    11. Lyn, Esmeralda O. & Zychowicz, Edward J., 2003. "The performance of new equity offerings in Hungary and Poland," Global Finance Journal, Elsevier, vol. 14(2), pages 181-195, July.
    12. Josef Anton Schuster, 2003. "IPOs: insights from seven European countries," LSE Research Online Documents on Economics 24860, London School of Economics and Political Science, LSE Library.
    13. Wolfgang Aussenegg, 1999. "Going Public in Poland: Case-by-Case Privatizations, Mass Privatization and Private Sector Initial Public Offerings," William Davidson Institute Working Papers Series 292, William Davidson Institute at the University of Michigan.
    14. Hensler, Douglas A. & Herrera, Martin J. & Lockwood, Larry J., 2000. "The performance of initial public offerings in the Mexican stock market, 1987-1993," Journal of International Money and Finance, Elsevier, vol. 19(1), pages 93-116, February.
    15. Cristián Celis & Gustavo Maturana, 1998. "Initial Public Offerings In Chile," Abante, Escuela de Administracion. Pontificia Universidad Católica de Chile., vol. 1(1), pages 7-31.
    16. Jan Bo Jakobsen & Torben Voetmann, 2005. "A New Approach for Interpreting Long-Run Returns, Applied to IPO and SEO Stocks," Annals of Economics and Finance, Society for AEF, vol. 6(2), pages 337-363, November.
    17. Jakobsen, Jan & Sørensen, Ole, 1999. "Decomposing and testing Long-run Returns with an application to initial public offerings in Denmark," Working Papers 2000-2, Copenhagen Business School, Department of Finance.

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