Numerical Superstition and the Return of Initial Public Offerings: Evidence from Hong Kong IPOs

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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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Bibliographic Details
Main Author:	Gao, Zhenyu
Format:	Dissertation (University of Nottingham only)
Language:	English
Published:	2011
Online Access:	https://eprints.nottingham.ac.uk/25242/

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