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DDC
| 658.8 |
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Tác giả CN
| Adi Kurniawan Yusup |
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Tác giả TT
| |
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Nhan đề
| Underpricing or Overvaluation? Theoretical Review of Initial Public Offering Phenomenon / Adi Kurniawan Yusup |
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Tóm tắt
| The abnormal initial return of Initial Public Offerings (IPOs) has become an interesting financial phenomenon that attracts many researchers’ interest. This phenomenon has become more attractive because IPOs have increased during the pandemic since 2021. This study investigates whether the positive initial performance of IPO stock led to underpricing or overvaluation in a broader context in the form of literature reviews. After elaborating and analyzing several related studies, theories and empirical research in the literature, this research finds that the aftermarket has a lower performance than the initial one. It shows that abnormal initial returns tend to be caused by investors’ overvaluation and overreaction instead of underpricing. |
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Từ khóa tự do
| Abnormal return |
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Từ khóa tự do
| Initial return |
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Từ khóa tự do
| IPO underpricing |
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Từ khóa tự do
| Overvaluation |
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Nguồn trích
| Tạp chí Kinh tế và Kinh doanh : JABES 2022tr. 2-11
Số: 04
Tập: 02 |
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|
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|---|
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|---|
| 004 | 9E9DF2DA-2F2D-48EE-A038-94D837AF5B91 |
|---|
| 005 | 202506271359 |
|---|
| 008 | 081223s VN| vie |
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| 009 | 1 0 |
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| 039 | |y20250627135929|ztainguyendientu |
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| 040 | |aACTVN |
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| 041 | |avie |
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| 044 | |avm |
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| 082 | |a658.8 |
|---|
| 100 | 10|aAdi Kurniawan Yusup |
|---|
| 110 | |bTrường đại học kinh tế |
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| 245 | |aUnderpricing or Overvaluation? Theoretical Review of Initial Public Offering Phenomenon / |cAdi Kurniawan Yusup |
|---|
| 520 | |aThe abnormal initial return of Initial Public Offerings (IPOs) has become an interesting financial phenomenon that attracts many researchers’ interest. This phenomenon has become more attractive because IPOs have increased during the pandemic since 2021. This study investigates whether the positive initial performance of IPO stock led to underpricing or overvaluation in a broader context in the form of literature reviews. After elaborating and analyzing several related studies, theories and empirical research in the literature, this research finds that the aftermarket has a lower performance than the initial one. It shows that abnormal initial returns tend to be caused by investors’ overvaluation and overreaction instead of underpricing. |
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| 653 | |aAbnormal return |
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| 653 | |aInitial return |
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| 653 | |aIPO underpricing |
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| 653 | |aOvervaluation |
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| 773 | 0 |tTạp chí Kinh tế và Kinh doanh : JABES |d2022|gtr. 2-11|x2734-9845|v02|i04 |
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| 890 | |a0|b0|c1|d0 |
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