Journal of Finance and Accounting

Volume 1, Issue 2, July 2013

  • Short-Run and Long-Run Performance of IPOs: Evidence from Taiwan Stock Market

    Yue-Fang Wen, Minh Huong Cao

    Issue: Volume 1, Issue 2, July 2013
    Pages: 32-40
    Received: 31 July 2013
    Published: 20 August 2013
    Abstract: This paper studies the aftermarket stock performance of IPOs in short-run and long-run, and examines whether the long-run underperformance exists in Taiwan stock market. This paper applies the measure of expected skewness to verify that the highly expected skewed IPO firms are overpriced and experience the long–run underperformance. We find that IP... Show More