A Direct Test of Rock's Model of the Pricing of Unseasoned Issues
Unique data availability and institutional arrangements for new issues in Singapore allow a direct test of the empirical implications of Rock's model of pricing unseasoned new issues. Our empirical results are consistent with the model. Specifically we find that the unseasoned new issues'...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
1989
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/617 https://ink.library.smu.edu.sg/context/lkcsb_research/article/1616/viewcontent/unseasonedIssues_pv.pdf |
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| Institution: | Singapore Management University |
| Language: | English |