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- W2365680021 abstract "This paper exams the initial returns of initial public offerings in Chinese stock market. Using the sample of 498 for the 1997-2000 period, we make a research on the statistic character of initial returns and excess returns. Findings show that highly initial returns and excess returns exist on all cross sections, and legend of IPOs is obvious. Further, we find various industries differently influence the initial returns of stocks. Meantime, the excessively high turnover on the initial-day indicate that flippers congest the stock market." @default.
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- W2365680021 date "2002-01-01" @default.
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- W2365680021 title "Pragmatic Studies of the First Day Revenue in IPO" @default.
- W2365680021 hasPublicationYear "2002" @default.
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