To reduce information asymmetries for potential investors considering investment in an IPO
venture, owners can signal the firm's longer-term viability and quality in several ways. The …

Many firms use social media (SM) to solicit online investments. In this study, we examine the
interaction between SM attributes and online-investment attributes to determine how this …

Initial public offering (IPO) lock-up is a bonding mechanism that restricts pre-IPO
shareholders and insiders from selling a specific percentage of the shares over a stipulated …

Using the adverse selection component of the spread as a measure of asymmetric
information, we investigate how asymmetric information evolves after firms go public. We …

Modern finance theory documents that investor sentiment should not be priced. This is due
to an element of mispricing where sentiments can be removed when rational investing and …

Lock-up provision may extend its role as a signaling tool, albeit its practice is mainly to
ensure the commitment of major shareholders to the well-being of IPO companies at least …

Practitioner/Policy implications: The findings provide IPO issuers with an understanding on
the significance of information transparency (ie, low information asymmetry) on investors' …

This paper analyses the time series behaviour of the IPO volume, initial returns and
economic conditions of the Malaysian IPO market. The ARDL bounds testing approach was …

This paper examines the moderating effect of pre-listing investor demand on the direct
influence of lockup provision and institutional investors' participation on flipping activity. By …

Despite the rise of multifactor models emphasizing value and firm size, beta remains the
most explanatory element of the risk premium in most asset pricing models. Designed to …