The Really Long-Run Performance of Initial Public Offerings:The Pre-Nasdaq Evidence

By Paul A. Gompers, Josh Lerner. 2001

277 citations recorded by the source corpus.

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/df61e53d3e8befd6e013d3ec46a93f61449c14fd

Citations in the corpus

• Do managers time the market? Evidence from open-market share repurchases (2007, unknown): “3 Gompers and Lerner (2003) point out that some results are time-period sensitive; they conclude that IPO performance is not abnormal in the pre-NASDAQ era of 1935 to 1972 when a calendar-time estimation procedure is used.”
• Can Managers Forecast Aggregate Market Returns (2005, unknown): “Studies by Brav and Gompers (1997), Brav, Geczy and Gompers (2000), Eckbo, Masulis and Norli (2000), Mitchell and Stafford (2000), Gompers and Lerner (2003), and Li and Zhao (2003) question the underperformance of individual stocks following equity issues.”
• Institutions and Venture Capital (2013, unknown): “…changed in 1996 when the 6th AP fund (a public pension fund) was set up specifically to invest in Source : Data compiled from OECD Factbook 2010, Gompers and Lerner (2003), Jay R. Ritter (http://bear.warrington.ufl.edu/ritter/ipodata.htm), NasdaqOMX (www.nasdaqomx.com/), and Angus Maddison…”
• The History of the Cross Section of Stock Returns (2016, unknown): “Standard and Poor’s (4)See, for example, Gompers and Lerner (2003). They note that firms that end up on the NYSE had often been trading as public companies on regional exchanges long before obtaining the NYSE listing.”
• Investor Psychology and Asset Pricing (2001, unknown): “However, people seem to be regret averse in (14)Lichtenstein and Slovic (1971), Grether and Plott (1979), Tversky, Slovic, and Kahneman (1990). (15)Chapman and Johnson (1999), Mussweiler and Strack (1999).”
• Where Have All the IPOs Gone (2013, unknown): “As documented in Gompers and Lerner (2003) and P´astor and Veronesi (2005), during 1930–1945 there were very few IPOs in the United States, as was the case in 1963–1967 and 1973–1980.”
• The Long Run Share Price Performance of Malaysian Initial Public Offerings (Ipos) (2006, unknown): “Due to the fact that the Fama-French approach weights each month equally, any underperformance will be reduced if it is correlated with the number of IPOs in the portfolios (Gompers and Lerner, 2003).”
• Cycles in the IPO market (2008, unknown): “SEC filings prior to 1973 were not computerized and were not distributed by Disclosure Incorporated (Gompers and Lerner (2003)).”
• Pseudo Market Timing and the Long-Run Underperformance of IPOs (2003, unknown): “Gompers and Lerner (2003) determine that over 1935 through1972, buy-and-hold abnormal returns are negative in eventtime following IPOs, but disappear when calculated in calendar-time.”