IPO Behavior in GCC Countries : Goody-Two Shoes or Bad-to-the-Bone?

Goody-Two Shoes or Bad-to-the-Bone?

IPO Behavior in GCC Countries : Goody-Two Shoes or Bad-to-the-Bone?
This paper documents the phenomenon of underpricing initial public offerings (IPOs) for 47 firms that went public between 2001 and 2006 in the equity markets of the six Gulf Cooperation Council (GCC) countries. The average initial abnormal returns of 290 percent exceed those found in the existing literature for both developed and emerging... READ MORE...

Publication date: July 2007
ISBN 9781451867138
$18.00

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