Blar i NHH Brage på emneord "public information"

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    • Partial Adjustment to Public Information in the Pricing of IPOs 

      Bakke, Einar; Leite, Tore E.; Thorburn, Karin S. (Working paper, 2016-01)
      Extant literature shows that IPO first-day returns are correlated with market returns preceding the issue. We propose a new explanation for this puzzling predictability by adding a public signal to Benveniste and Spindt ...

    • Public information and IPO underpricing 

      Bakke, Einar; Leite, Tore; Thorburn, Karin S. (Discussion paper, Working paper, 2010-08)
      We analyze the effect of public information on rational investors' incentives to reveal private information during the bookbuilding process and their demand for allocations in the IPO. Our model generates several new ...