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The interrelationship between the US and Australian IPO markets

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Date

2002

Authors

Shi, Jing

Journal Title

Journal ISSN

Volume Title

Publisher

RMIT University

Abstract

Prior research on initial public offerings (IPOs) has concentrated on analysis of individual IPOs, or at least aggregated statistics thereof. This paper focuses on the aggregate market for IPOs and a cross-market study is undertaken in which the relationship between the Australian and US IPO markets is analyzed. The results reveal the relative dominance of the US market where the frequency of US IPOs leads the frequency of Australian IPOs. However, no linkage is observed in underpricing between the two markets.

Description

Keywords

IPOs, initial public offerings, stock market, linkage

Citation

URI

http://hdl.handle.net/1885/40594
 http://digitalcollections.anu.edu.au/handle/1885/40594

Collections

Open Access Research

Source

Accounting Research Journal

Type

Working/Technical Paper

Book Title

Entity type

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DOI

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Workingpaper02-04.pdf (77.46 KB)

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