IDEAS home Printed from https://ideas.repec.org/a/ekn/ekonom/v2y1998i2p186-206.html
   My bibliography  Save this article

The pricing of Greek Initial Public Offerings: 1985-1995

Author

Listed:
  • George Papachristou

    (Department of Economics, Aristotle University of Thessaloniki, Greece)

Abstract

Initial public offerings in every stock market are offered on the average at a discount. Underpricing is, however, more pronounced in emerging markets where the regulatory environment is more restrictive. In this paper we provide data on Greek IPOs and demonstrate that the extreme underpricing in the Greek market was generated by the presence of a full downside risk protection requirement in the underwriting contracts until 1990.

Suggested Citation

  • George Papachristou, 1998. "The pricing of Greek Initial Public Offerings: 1985-1995," Ekonomia, Cyprus Economic Society and University of Cyprus, vol. 2(2), pages 186-206, Winter.
  • Handle: RePEc:ekn:ekonom:v:2:y:1998:i:2:p:186-206
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    JEL classification:

    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ekn:ekonom:v:2:y:1998:i:2:p:186-206. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Managing Editor). General contact details of provider: http://edirc.repec.org/data/cyessea.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.