Numerical Superstition and the Return of Initial Public Offerings: Evidence from Hong Kong IPOs
Abstract This study examines the association between the superstitious belief of ‘Lucky Number 8’ and the initial returns of Initial Public Offerings (IPOs). A sample of 136 Hong Kong IPOs during the period of 2004-2006 indicates that the IPOs with multi 8s in their trading codes had statistically...
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| Format: | Dissertation (University of Nottingham only) |
| Language: | English |
| Published: |
2011
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| Online Access: | http://eprints.nottingham.ac.uk/25242/ http://eprints.nottingham.ac.uk/25242/1/MSc_Dissertation_of_Zhenyu_GAO.pdf |