Performance of the Initial Public Offering in the Taiwan Stock Market

Autor:	Yung-Shun Tsai, Chun-Ping Chang, Tsatsral Ochirbal, Bolor Sukhbaatar, Shyh-Weir Tzang
Rok vydání:	2021
Předmět:	Computer science Financial economics Stock exchange Market behavior Bhar Stock market Sample (statistics) Emerging markets Initial public offering
Zdroj:	Innovative Mobile and Internet Services in Ubiquitous Computing ISBN: 9783030797270 IMIS
Popis:	In view of the IPO underpricing in various markets, we studied the IPO’s abnormal market behavior in an emerging market environment such as Taiwan stock market. The objective of this research paper is to evaluate the performance of the initial public offerings in Taiwan from 2010 to 2016. The sample for the study includes 161 companies listed in the Taiwan stock exchange. We find that short-term performance is consistent with studies in other emerging markets. However, different from the findings in other studies, the long-term returns of IPO firms in Taiwan stock market have outperformed the market in the long run during the sampled period.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::58001452df9c1978632cbda27766ee03 https://doi.org/10.1007/978-3-030-79728-7_42 Zobrazit plný text záznamu