What are the necessary ingredients for a theory based on investor sentiment to generate high and time-varying
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What are the necessary ingredients for a theory based on investor sentiment to generate high and time-varying first-day returns, hot-issue markets, and poor long-run performance of IPOs?
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This question relates to Millers 1977 argument and the models of Der...View the full answer
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Related Book For
Behavioral Finance
ISBN: 9780190868741
1st Edition
Authors: H. Kent Baker, Greg Filbeck, John R. Nofsinger
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