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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Behavioral Finance

ISBN: 9780190868741

1st Edition

Authors: H. Kent Baker, Greg Filbeck, John R. Nofsinger

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Question Posted: Feb 23, 2024 04:00 AM

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What are the necessary ingredients for a theory based on investor sentiment to generate high and time-varying

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This question relates to Millers 1977 argument and the models of Der...View the full answer

Behavioral Finance

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