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 66
- Downloads 0
Motivation of Achievement as a Medium Variable in the Correlation among Technical Skill, Work Environment and Educational Staff Members Service Quality at Faculty of Teacher Training and Education Lambung Mangkurat University Banjarmasin
The importance of education personnel's service quality through instilling good technical skills in the faculty is crucial. It effects individual performance and total organizational performance and eventually has an imp...
Econometric Analysis of Poverty Driving Forces in Tanzania: An Assessment of Three-Dimensional Factors
Purpose: The aim of this study was to assess poverty driving forces in Tanzania. Specifically, the study examined three dimensional factors that included; education access, unemployment and income inequality. Methodol...
Internalization of Islamic Education Values in Remote Communities in Pasangkayu Regency
This study discusses t he process of internaliz ation Islamic education values in outlying communities in Bambalamotu district, Pasangkayu Regency , Indonesia. This used a qualitative approach , and the data was gathered...
The Urgency of Regulating the State Institution of The President in Indonesian Laws
The regulatory framework and institutional structure are inherently unified, as institutions can be defined as a formalized structure of rules embodied in a set of legal products. In Indonesia, the state institution of t...
Character Education Based on Religious Values in Early Childhood: A School Principal's Leadership Perspective
This research aims to describe the leadership of the Principal at an Early Childhood Education Institution in strengthening the character of students. The method used in this research is qualitative phenomenology. The su...