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- W2326086820 abstract "ROM all indications, during the past year the finanFcial community has once more been exposed to issue fever, which is characterized by extreme interest in the stock of companies that are issuing public securities for the first time. This current fever seems to be a recurrence of a similar epidemic that swept across the financial community in 1961-1962. In view of past experience, one questions whether there is justification for this inordinate amount of investor interest in new stock issues. This study attempts to answer this question by examining how investors in new issues have fared relative to the rest of the stock market. Both short-run and long-run results were considered. Short term was defined in two ways: (1) the Friday following the offering and (2) the fourth Friday following the offering. Long term was considered as the Friday one year after the offering." @default.
- W2326086820 created "2016-06-24" @default.
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- W2326086820 date "2016-01-01" @default.
- W2326086820 modified "2023-09-24" @default.
- W2326086820 title "New Stock Issues" @default.
- W2326086820 hasPublicationYear "2016" @default.
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