Asymmetric Effect of Media Tone on IPO Underpricing and Volatility

Because of asymmetric information between issuing companies and investors, media coverage plays an important role in conveying information to investors during an initial public offering (IPO). The stock price is affected by a large amount of information released to the public through media coverage....

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Veröffentlicht in:	Emerging markets finance & trade 2020-09, Vol.56 (11), p.2474-2490
Hauptverfasser:	Zou, Gaofeng, Li, Han, Meng, J. Ginger, Wu, Chunying
Format:	Artikel
Sprache:	eng
Schlagworte:	information asymmetry initial public offering Initial public offerings Investments Media coverage textual analysis underpricing volatility
Online-Zugang:	Volltext
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