Empirical test on the rock's model of the pricing of initial public offerings in Singapore.
This paper presents a research study for a direct test of the empirical implications of Rock's model which explains why, in equilibrium, new issues are underpriced.
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| Main Authors: | , , |
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| Other Authors: | |
| Format: | Final Year Project |
| Published: |
2008
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/9398 |
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| Institution: | Nanyang Technological University |
| Summary: | This paper presents a research study for a direct test of the empirical implications of Rock's model which explains why, in equilibrium, new issues are underpriced. |
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