Does mispricing, liquidity or third-party certification contribute to IPO downside risk?

QR Code

Does mispricing, liquidity or third-party certification contribute to IPO downside risk?

This study analyses the impact of initial return, post-issue liquidity, and third-party certification on downside risk of initial public offerings (IPOs). Downside risk, measured by value-at-risk (VaR) and conditional value-at-risk (CVaR), draws upon Extreme Value Theory (EVT) and the Peak over Thre...

Full description

Bibliographic Details
Main Author:	Reber, Beat
Format:	Article
Published:	Elsevier 2017
Subjects:	Initial public offerings; Downside risk; Initial return; Liquidity; Third-party certification; Quantile regressions
Online Access:	https://eprints.nottingham.ac.uk/41601/

Similar Items

Deliberate premarket underpricing and aftermarket mispricing: new insights on IPO pricing
by: Reber, Beat, et al.
Published: (2016)

Does Business Strategy hold the key to understanding Long-Run IPO Performance?
by: Weinberg, David Jeannot
Published: (2008)

PRE-LISTING FIRM CHARACTERISTICS AND THE LONG-TERM PERFORMANCE OF INITIAL PUBLIC OFFERINGS - EVIDENCE FROM THE UK IPO MARKET BETWEEN 1998 AND 2002
by: Zuo, Liya
Published: (2006)

Issues and Challenges of Third-party Logistics in China: Case studies combination on a SME, a large-scale international organization and a professional Third-party Logistics Company
by: gao, ang
Published: (2006)

Rewards for Downside Risk in Asian Markets
by: Alles, Lakshman, et al.
Published: (2013)

Earnings Management by Indian Initial Public Offering Firms
by: Suri, Sneha
Published: (2016)

Long Run Performance of Initial Public Offerings in India
by: Agarwal, Nikhil
Published: (2007)

The regulation of third party funding of commercial litigation
by: Stewart, Malcolm Grant
Published: (2016)

Earnings quality at initial public offerings in China
by: REN, Shaohong
Published: (2016)

Environmental, social and governance (ESG) performance and retail investor demand for IPOs
by: Chong, Kez Sing
Published: (2021)

The Impact of Third-party Payments on Chinese Commercial Bank Profitability
by: xu, jiahui
Published: (2018)

Addressing environmental considerations for Marine Stewardship Council certification: A case study using lobsters
by: Bellchambers, L., et al.
Published: (2014)

An Empirical Analysis of Initial Public Offerings (IPO) Underpricing in Chinese A-share Market (2001-2015)
by: Sixian, Lin
Published: (2016)

Macroeconomic Variables on Indonesia Stock Market Return: Quantile Regression Approach
by: Lavi, Evan Wiranata
Published: (2017)

The Long-run Performance of Initial Public Offerings: Evidence from the A-share Shanghai Stock Exchange
by: YU, Lijun
Published: (2006)

Valuation of IPO Companies in the IT industry in China with Financial and Non-Financial Information
by: CAI, Jing
Published: (2017)

An eco-solution for track and trace of goods and third party logistics
by: West, Martin, et al.
Published: (2005)

An Empirical Study of IPO Underpricing in China: The IPO Systems Evolution and Determinants with Quantile Regression
by: Xu, Qianru
Published: (2018)

Qur’an and splendor of Islamic calligraphy: development of Iranian calligraphy under influence of Qur’an transcribing / Mahdi Sahragard
by: Mahdi Sahragard
Published: (2015)

An Empirical Investigation of Third Party Logistics Providers in Thailand: Barriers, Motivation and Usage of Information Technologies
by: Kritchanchai, Duangpun, et al.
Published: (2010)

An option pricing approach to the estimation of downside risk: a European cross-country study
by: Alles, Lakshman
Published: (2008)

Political Parties and the Party System
by: Botterill, L., et al.
Published: (2013)

Analysis of third-party warehousing contracts with commitments
by: Chen, F.Y., et al.
Published: (2001)

Understanding urban wage inequality in China 1988–2008: evidence from quantile analysis
by: Appleton, Simon, et al.
Published: (2014)

Exploring the glass ceiling and sticky floor in Malaysia
by: Wan Zainal Abidin, Wan Liyana Mariah, et al.
Published: (2016)

Understanding smartphone users' awareness of security and privacy in downloading third-party applications - A survey in UK and Japan
by: Kawakubo, Noriko
Published: (2013)

Regulation of curd initiation in the summer cauliflower
by: Hand, David John
Published: (1988)

Assessing the potential and limits of community-based initiatives in urban regeneration: three decades of experience on Sheffield’s Manor estate
by: Bruce, Alistair, et al.
Published: (2017)

Initiation of Breastfeeding and Factors Associated with Prelacteal Feeds in Central Nepal
by: Karkee, Rajendra, et al.
Published: (2014)

National targets for breastfeeding at hospital discharge have been achieved in Perth
by: Graham, Kathleen, et al.
Published: (2005)

Unconditional quantile regressions, earnings disparity and gender discrimination in post-transformation of urban China
by: Tang, Yao, et al.
Published: (2012)

Customer financing, bargaining power and trade credit uptake
by: Mateut, Simona, et al.
Published: (2018)

Class against class: the Communist Party of Great Britain in the third period, 1927-1932
by: Worley, Matthew
Published: (1998)

Towards an organizational perspective on party funding: explaining financial transfers from MEPs to their national parties
by: Bolleyer, Nicole, et al.
Published: (2012)

A Formal Model of Mixed-Initiative Interaction in Design Exploration
by: Datta, Sambit, et al.
Published: (2011)

Low Prevalence of Breastfeeding Initiation within the first hour of life in a rural area of Sichuan Province, China
by: Tang, Li, et al.
Published: (2013)

Estimating the risk–return profile of new venture investments using a risk-neutral framework and ‘thick’ models
by: Reber, Beat
Published: (2014)

The Role of Australian Institutional Repositories in Sharing Academic Research
by: Quigley, Niamh, et al.
Published: (2022)

The impact of patient-centred versus didactic education programmes in chronic patients by severity: the case of type 2 diabetes mellitus
by: Windrum, Paul, et al.
Published: (2016)

SEEKING A QUOTE ON NYSE - A CHINESE CASE STUDY
by: Pan, Qimin
Published: (2007)