The IPO Underpricing and Market Liquidity after Reform on Chi-Next Board
Journal Title: International Journal of Social Science And Human Research - Year 2023, Vol 6, Issue 06
Abstract
This essay examines market liquidity and underpricing of initial public offerings (IPOs) in the wake of the Chi- Next board's financial reform in June 2020. The results show that IPO underpricing has grown and market liquidity has improved since the reform. The channel by which the reform affects IPO underpricing and market liquidity can be explained by investor sentiment. The impact of the reform on underpricing and market liquidity can also be explained by other firm-level characteristics, such as leverage and firm life cycle.
Authors and Affiliations
Wei Hua
Keywords
Related Articles
- EP ID EP717292
- DOI -
- Views 35
- Downloads 0
“Managing small wine firms –Wine tourism - a lever for the development of a wider area” The case of Domaine Hatzimichalis
The purpose of this project was to examine best practices for managing small wine firms, focusing in the case of Domaine Hatzimichalis. The analysis was based exclusivelyin the use of secondary information. Domaine Hatzi...
The Effectiveness of the Pre-Employment Card Program as Unemployment Benefits due to the Covid-19 Pandemic in Indonesia
This study aims to analyze the effectiveness of the pre-employment card program approved by the government in reducing unemployment due to the COVID-19 pandemic. The COVID-19 pandemic that occurred in Indonesia caused an...
The Influence of the Field Enterprises, Marital Status, Education, Age and Area of Residence to the Underemployment in Bengkulu Province, Indonesia
The objective of this study is to find out the general description of the characteristics of underemployment and the influence of the field enterprises, marital status, education, age and area of residence to the underem...
Victim Blaming in Sexual Harassment Cases: A Critique of Societal Views
Most Indonesians today are still trapped in a patriarchal culture, especially when it comes to sexual harassment cases. Where it is assumed that women victims of sexual harassment (women victims) play a “main role” in in...
Adapting EFL Teaching to Student’s Learning Styles in some Secondary Schools in Beninese Republic
This research aims at identifying both teaching and learning styles of Beninese EFL teachers and learners so as to examine the impacts of these styles on students’ academic performance. Quantitative and descriptive resea...