Initial Public Offerings Underpricing of NewConnect Market
Journal Title: Zarządzanie i Finanse - Year 2013, Vol 11, Issue 2
Abstract
IPO underpricing is quite often the subject of studies but only for regulated markets. The goal of this paper is to identity the scale of underpricing in the short- and long term and to indicate factors of corporate governance that influ-ence the direction and returns value of new issued stocks on the NewConnect (Polish AIM). Research conducted on 20% population showed that only FreeFloat is significant.
Authors and Affiliations
Dominika Fijałkowska, Michał Muszyński, Marek Pauka
Keywords
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