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Underpricing and aftermarket performance of American depositary receipts (ADR) IPOs

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  • Diro Ejara, Demissew
  • Ghosh, Chinmoy

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  • Diro Ejara, Demissew & Ghosh, Chinmoy, 2004. "Underpricing and aftermarket performance of American depositary receipts (ADR) IPOs," Journal of Banking & Finance, Elsevier, vol. 28(12), pages 3151-3186, December.
    • Handle: RePEc:eee:jbfina:v:28:y:2004:i:12:p:3151-3186
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    Cited by:

    1. Premti, Arjan & Smith, Garrett, 2020. "Earnings management in the pre-IPO process: Biases and predictors," Research in International Business and Finance, Elsevier, vol. 52(C).
    2. Hursti, Jani & Maula, Markku V.J., 2007. "Acquiring financial resources from foreign equity capital markets: An examination of factors influencing foreign initial public offerings," Journal of Business Venturing, Elsevier, vol. 22(6), pages 833-851, November.
    3. Boulton, Thomas J., 2022. "Economic policy uncertainty and international IPO underpricing," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 81(C).
    4. Gullapalli, Rachita & Knyazeva, Anzhela, 2020. "Foreign issuers in emerging growth company IPOs," Journal of Multinational Financial Management, Elsevier, vol. 54(C).
    5. Chen, Hsuan-Chi & Fauver, Larry & Yang, Pei-Ching, 2009. "What do investment banks charge to underwrite American Depositary Receipts?," Journal of Banking & Finance, Elsevier, vol. 33(4), pages 609-618, April.
    6. Gilberto Loureiro, 2010. "The market for ADRs: does depositary bank reputation matter?," Applied Financial Economics, Taylor & Francis Journals, vol. 20(10), pages 811-825.
    7. Chowdhury, Reza H. & Fu, Chengbo & Huang, Qiping & Lin, Nanying, 2021. "CSR disclosure of foreign versus U.S. firms: Evidence from ADRs," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 70(C).
    8. Nikbakht, Ehsan & Sarkar, Sayan & Smith, Garrett C. & Spieler, Andrew C., 2021. "Pre-IPO earnings management: Evidence from India," Journal of International Accounting, Auditing and Taxation, Elsevier, vol. 44(C).
    9. Huo, Weidong & Fu, Chengbo & Huang, Ying & Zheng, Steven Xiaofan, 2018. "The valuation of ADR IPOs," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 53(C), pages 215-226.
    10. Abdul Wahid & Muhammad Zubair Mumtaz, 2020. "Long-run price performance of local and dual class IPOs in alternative investment market," Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, University of Rijeka, Faculty of Economics and Business, vol. 38(1), pages 71-100.
    11. Beckmann, Klaus S. & Ngo, Thanh & Wang, Daphne, 2015. "The informational content of ADR mispricing," Journal of Multinational Financial Management, Elsevier, vol. 32, pages 1-14.
    12. Fu, Chengbo & Huang, Qiping & Tang, Hongfei, 2022. "Do ETFs affect ADRs and U.S. domestic stocks differently?," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 80(C).
    13. Güçbilmez, Ufuk, 2014. "Why do some Chinese technology firms avoid ChiNext and go public in the US?," International Review of Financial Analysis, Elsevier, vol. 36(C), pages 179-194.

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