Routledge Revivals: The Efficiency of New Issue Markets (1992)

1. The Efficiency of New Issue Markets: Introduction 2. The Adverse Selection Model of the New Issue Market 3. Distribution and the Efficiency of New Issue Markets 4. Testing the Efficiency of New Issue Markets 5. Distribution and the Efficiency of New Issue Markets in the US and the UK 6. Summary and Conclusions Appendix 1: The Nature of the Information Asymmetry Appendix 2: Mathematical Appendix Appendix 3: Hot Issue Markets

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• Investimentos e obrigações
• Finança das empresas
• Econometria

Adverse Selection Bias;Adverse Selection Model;Efficiency;Uninformed Investors;New Issue Market;Issue Markets;Under Pricing;Risk Neutrality Assumption;Monopsony Power;Adverse Selection;Alternative Hypothesis;Uninformed Demand;Initial Returns;Risk Neutrality;IPO;Initial Public Offering;Hot Issue Markets;Average Initial Returns;Positive Initial Returns;Issue Size;Informed Demand;Ipo Market;Quality Search;Preferential Allotments;Central Selling Organisation;Terminal Wealth;Regression Model;De Beers;Riskless Asset;Public Offering Price