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An analysis of the pricing processes of Australian unit trust IPOs

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  • James, Kieran E.
  • How, Janice C. Y.
  • Izan, H. Y.

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  • James, Kieran E. & How, Janice C. Y. & Izan, H. Y., 1995. "An analysis of the pricing processes of Australian unit trust IPOs," Pacific-Basin Finance Journal, Elsevier, vol. 3(2-3), pages 285-301, July.
    • Handle: RePEc:eee:pacfin:v:3:y:1995:i:2-3:p:285-301
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    References listed on IDEAS

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    1. Tinic, Seha M, 1988. " Anatomy of Initial Public Offerings of Common Stock," Journal of Finance, American Finance Association, vol. 43(4), pages 789-822, September.
    2. Carter, Richard B & Manaster, Steven, 1990. "Initial Public Offerings and Underwriter Reputation," Journal of Finance, American Finance Association, vol. 45(4), pages 1045-1067, September.
    3. Koh, Francis & Walter, Terry, 1989. "A direct test of Rock's model of the pricing of unseasoned issues," Journal of Financial Economics, Elsevier, vol. 23(2), pages 251-272, August.
    4. White, Halbert, 1980. "A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity," Econometrica, Econometric Society, vol. 48(4), pages 817-838, May.
    5. Beatty, Randolph P. & Ritter, Jay R., 1986. "Investment banking, reputation, and the underpricing of initial public offerings," Journal of Financial Economics, Elsevier, vol. 15(1-2), pages 213-232.
    6. Ruud, Judith S., 1993. "Underwriter price support and the IPO underpricing puzzle," Journal of Financial Economics, Elsevier, vol. 34(2), pages 135-151, October.
    7. Rock, Kevin, 1986. "Why new issues are underpriced," Journal of Financial Economics, Elsevier, vol. 15(1-2), pages 187-212.
    8. Peavy, John W, III, 1990. "Returns on Initial Public Offerings of Closed-End Funds," The Review of Financial Studies, Society for Financial Studies, vol. 3(4), pages 695-708.
    9. Finn, Frank J. & Higham, Ron, 1988. "The performance of unseasoned new equity issues-cum-stock exchange listings in Australia," Journal of Banking & Finance, Elsevier, vol. 12(3), pages 333-351, September.
    10. Robert J. Shiller, 1988. "Initial Public Offerings: Investor Behavior and Underpricing," NBER Working Papers 2806, National Bureau of Economic Research, Inc.
    11. Smith, Clifford Jr., 1986. "Investment banking and the capital acquisition process," Journal of Financial Economics, Elsevier, vol. 15(1-2), pages 3-29.
    12. Ibbotson, Roger G., 1975. "Price performance of common stock new issues," Journal of Financial Economics, Elsevier, vol. 2(3), pages 235-272, September.
    13. Titman, Sheridan & Trueman, Brett, 1986. "Information quality and the valuation of new issues," Journal of Accounting and Economics, Elsevier, vol. 8(2), pages 159-172, June.
    14. Schultz, Paul H. & Zaman, Mir A., 1994. "Aftermarket support and underpricing of initial public offerings," Journal of Financial Economics, Elsevier, vol. 35(2), pages 199-219, April.
    15. Hanley, Kathleen Weiss & Kumar, A. Arun & Seguin, Paul J., 1993. "Price stabilization in the market for new issues," Journal of Financial Economics, Elsevier, vol. 34(2), pages 177-197, October.
    16. Christopher B. Barry & Robert H. Jennings, 1993. "The Opening Price Performance of Initial Public Offerings of Common Stock," Financial Management, Financial Management Association, vol. 22(1), Spring.
    17. Wang, Ko & Chan, Su Han & Gau, George W., 1992. "Initial public offerings of equity securities *1: Anomalous evidence using REITs," Journal of Financial Economics, Elsevier, vol. 31(3), pages 381-410, June.
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    Cited by:

    1. William Dimovski & Robert Brooks, 2006. "The Pricing of Property Trust IPOs in Australia," The Journal of Real Estate Finance and Economics, Springer, vol. 32(2), pages 185-199, March.

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