The Impact of Investors' Behavioral on IPO Anomalies.
| Autor: | LIN CHANG FU, 林常福 |
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| Rok vydání: | 2015 |
| Druh dokumentu: | 學位論文 ; thesis |
| Popis: | 103 The objective of this study is to explore whether or not the excess return of a stock during IPO period is subject to the sentiment of investors. Based on the samples of IPOs during 1995 to 2008, the empirical result showed that the returns were significantly positive-related with the overconfidence of investors. Besides of discussion of the short-term return during IPO period, the survey also covered the issue of the long-term mal-performance of these stocks, tried to figure out whether the long-term performance is affected by the short-term performance and investors’ sentiment. |
| Databáze: | Networked Digital Library of Theses & Dissertations |
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