Gambling sentiment and first-day IPO returns
Twitter Volume and First Day IPO Performance. Tammy Kwan
... website did update their search functionality as of November 2014, so that it now indexes and returns all tweets. This is an excellent tool for one-off historical searching. However, this data is only accessible ...
15
Global Diversification and IPO Returns
... A persistent puzzle about IPOs is that they are underpriced on average or have positive initial returns computed from the offer price to the closing price at the end of the first day of trading. For ...
59
Aggregated Ownership: The effect of ownership on first day post IPO performance
... An interesting fact is that during hot-IPO market conditions the impact is negative, but with cold-IPO market conditions the impact is positive. This might be due to the mitigating effect of banks, whose ...
55
The impact of investor sentiment on IPO underpricing
... between IPO underpricing and investor sentiment, based on alternative approaches of ICS ...the first-day closing price. ICSR is the market wide sentiment measure from the Index of ...
90
Market Sentiment, IPO Underpricing, and Valuation
... (First day closing price – offer price)/(First day closing price – intrinsic value), where intrinsic value is computed using matching firms price to Sales ratio, price to EBITDA ratio, and ...
31
Prospect theory and IPO returns in China
... mean first-day return of ...the first-day return which is virtually 50% larger than that on right-skewed ...the first trading day rather than gamble on possible long run ...for ...
62
Why Are the First Day Returns of China’s IPOs So High?
... initial returns and bad aftermarket performance of the new ...the IPO shares they underwrote can bring high initial ...ways. First, underwriters help the issuers to restructure the assets, in ...
23
IPO initial returns in China: Underpricing or overvaluation?
... an IPO are the issuer, the underwriter and the ...firm’s IPO offer price will be mainly determined by the characteristics of the issuer and the underwriter, and whether there is IPO pricing ...investor ...
19
Investor Sentiment as a Predictor of Market Returns
... investor sentiment is high, therefore entailing that high RIP O will be followed by low future returns, our empirical findings suggest that the prediction is true only for longer ...investor ...
43
Investor Sentiment And Its Effect On Stock Returns
... unobservable sentiment values and constituting a sentiment index which is probably much noisier than a single sentiment index (Baker and Wurgler, ...investor sentiment. First, investor ...
171
The Effects of Twitter Sentiment on Stock Price Returns
... Twitter sentiment is calculated by a supervised learning method. First, over 100,000 of tweets were labeled by 10 financial experts with three sentiment labels: negative, neutral or pos- ...
21
Investor sentiment and cross-sectional stock returns
... I first check the fraction of trading days, the average consecutive holding days, and the break-even transaction ...TA sentiment index, it is essential to see how often the transactions are ...the ...
246
The Variability of IPO Initial Returns
... the IPO market had been very quiet in terms of average initial returns, the volatility of initial returns, and the number of ...of IPO initial ...
45
The Variability of IPO Initial Returns
... the IPO boom ...the IPO market had been very quiet in terms of average initial returns, the volatility of initial returns, and the number of ...of IPO initial ...
42
The Variability of IPO Initial Returns
... the IPO price for a short period after the IPO) in an auction ...underpriced IPO shares in an auction IPO, there is no opportunity for using IPO shares to provide benefits to selected ...
54
Optimal Timing for an IPO with Market Sentiment'
... the first models that times IPOs was created by Zingales ...the IPO as a way of transferring control in the ...former first, retaining the control of the ...the IPO company (or group of ...
55
Managerial sentiment, investor sentiment and stock returns
... investor sentiment rapidly adjust to positive shocks from man- agerial sentiment than negative shocks with approximately 20% each month to converge to the long-run equilibrium relationship between ...
154
Transparency in IPO mechanism: Retail investors' participation, IPO pricing and returns
... initial returns for retail ...average, IPO firms are listed 21 days after the closing of the issue and IPO firms are mandated to refund unsuccessful bidders within 15 days of the listing ...
47
Transparency in IPO Mechanism: Retail investors' participation, IPO pricing and returns
... initial returns for retail ...average, IPO firms are listed 21 days after the closing of the issue and IPO firms are mandated to refund unsuccessful bidders within 15 days of the listing ...
45
Information environment, market-wide sentiment and IPO initial returns: Evidence from analyst forecasts before listing
... investor sentiment in China, researchers have usually measured sentiment ...by sentiment and have become popular ...investor sentiment (Liu and Xiong, ...
19