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'...
محفوظ في:
| المؤلفون الرئيسيون: | , |
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| التنسيق: | text |
| اللغة: | English |
| منشور في: |
Institutional Knowledge at Singapore Management University
1989
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| الموضوعات: | |
| الوصول للمادة أونلاين: | https://ink.library.smu.edu.sg/lkcsb_research/617 https://ink.library.smu.edu.sg/context/lkcsb_research/article/1616/viewcontent/unseasonedIssues_pv.pdf |
| الوسوم: |
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| المؤسسة: | Singapore Management University |
| اللغة: | English |