Volume : V, Issue : VII, July - 2016

FINANCIAL REPORTING- AN OVERVIEW

Dr. Sreemoyee Guha Roy

Abstract :

 We review the theory and evidence on IPO activity: why firms go public, why they reward first-day investors with considerable underpricing, and how IPOs perform in the long run. Our perspective on the literature is three-fold: First, we believe that many IPO phenomena are not stationary. Second, we believe research into share allocation issues is the most promising area of research in IPOs at the moment. Third, we argue that asymmetric information is not the primary driver of many IPO phenomena. Instead, we believe future progress in the literature will come from non-rational and agency conflict explanations. We describe some promising such alternatives.

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Article: Download PDF    DOI : https://www.doi.org/10.36106/gjra  

Cite This Article:

Dr. Sreemoyee Guha Roy FINANCIAL REPORTING- AN OVERVIEW Global Journal For Research Analysis, Volume : 5 | Issue : 7|July 2016

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