Bank credit has evolved from the traditional relationship banking model to an originate-to-
distribute model. We show that the borrowers whose loans are sold in the secondary market …

This paper is motivated by the apparent belief that IPOs are underpriced on the initial listing
day and thereafter underperforms compared to the market benchmark. While evaluation of …

This paper estimates the aftermarket performance of initial public offerings (IPOs) listed on
the Karachi Stock Exchange. The evidence confirms that IPOs generate statistically …

Background When a privately owned firm or privatized government entity raises capital by
selling its stocks for the first time to general public, is known as initial public offering (IPO) …

This study aims to detect the long run performance of the Jordanian initial public offerings
(IPOs) listed in Amman stock exchange during the period from (1st January, 1993 until 31st …

Abstract In 2005, the Government of Ontario, Canada, announced the phase out of the
Labour Sponsored Venture Capital Corporation (LSVCC) tax credit, which will become …

This study provides new evidence on the interaction between firm size and IPO underpricing
in the US and Canadian markets. We find a size effect on IPO underpricing in both Canada …

This study investigates the long-run pricing performance of 90 IPOs listed on the Karachi
Stock Exchange from 1995 to 2010. This study finds evidence that IPOs show signs of …

This study tests possible sources of long-term risk-adjusted returns on initial public offerings
(IPO) in Poland under the calendar-time portfolio (CTP) approach. The moment of going …

Each corporate event of interest could be analyzed through several approaches. In the
recent finance literature, there are common methods emanating from two notorious …