Impact of Firm Specific and Macro-Economic Factors on the Level of Underpricing of Initial Public Offerings (IPOs) : Evidence from the Indian Market (Record no. 49645)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 01759nam a2200217 4500 |
| 003 - CONTROL NUMBER IDENTIFIER | |
| control field | OSt |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20180420124949.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 180420b ||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Pandey, Aprajita |
| 9 (RLIN) | 31261 |
| 245 ## - TITLE STATEMENT | |
| Title | Impact of Firm Specific and Macro-Economic Factors on the Level of Underpricing of Initial Public Offerings (IPOs) : Evidence from the Indian Market |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | 7-25 p. |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | The purpose of this paper was to examine the impact of firm specific and macro-economic factors on the level of underpricing of firms going for initial public offerings (IPOs) in the National Stock Exchange, India. We considered firms that went for IPOs on the National Stock Exchange during the period from 1999-2016, which was further segregated to quarterly observations. Both traditional method and market adjusted abnormal rate of returns (MAAR) methods were used to gauge underpricing. The study found that among the firm specific variables, issue price and firm age were significant in influencing the level of underpricing. Inflation, market volatility, market returns, and economic activity had greater explanatory power than other macro-economic variables on underpricing. The study contributes to the vast literature of determinants of underpricing as most of the study focused on firm-related factors only; this study has given some insights on the role of macro-economic factors to explain underpricing. |
| 653 ## - INDEX TERM--UNCONTROLLED | |
| Uncontrolled term | IPO |
| Uncontrolled term | Underpricing |
| Uncontrolled term | Market Adjusted Abnormal Rate of Return |
| Uncontrolled term | Macro-Economic Factors |
| Uncontrolled term | Firm Specific Factors |
| 700 ## - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Pattanayak, J. K. |
| 9 (RLIN) | 31262 |
| 773 0# - HOST ITEM ENTRY | |
| Host Biblionumber | 29384 |
| Host Itemnumber | 69968 |
| Main entry heading | GILANI,S. |
| Other item identifier | 5558488 |
| Title | INDIAN JOURNAL OF FINANCE |
| International Standard Serial Number | 0973-8711 |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Source of classification or shelving scheme | Dewey Decimal Classification |
| Koha item type | Journal Article |
| Withdrawn status | Lost status | Source of classification or shelving scheme | Damaged status | Not for loan | Home library | Current library | Date acquired | Total Checkouts | Full call number | Barcode | Date last seen | Price effective from |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dewey Decimal Classification | Main Library | Main Library | 20/04/2018 | Vol 12, Issue 2/ 5558488JA1 | 5558488JA1 | 20/04/2018 | 20/04/2018 |