20.500.12556/RUL-147834 IPO underpricing from the institutional investor perspective evidence from emerging markets This paper examines IPO underpricing from the institutional investor perspective in emerging markets. Observing market adjusted returns for several countries, industries, and years, results show evidence that the underpricing phenomenon is present across all emerging markets, averaging at 30.29% on the first trading day, and 27.98% for the first trading month. Underpricing particularly stands out in China, for the Basic Materials industry, during the 2007/2008 financial crisis period, increases with higher levels of property rights protection and decreases in countries with relatively more freedom from corruption. Underpricing is positively related to a country’s legal framework and negatively related to the number of IPOs. financial market stock exchange shares IPO underpricing emerging markets market adjusted returns finančni trg borze delnice true false true Angleški jezik Slovenski jezik Članek v reviji 2023-07-13 10:07:46 2023-07-13 10:11:22 2023-07-14 03:43:36 0000-00-00 00:00:00 2023 0 0 16 str. iss. 1, article no. 2179506 Vol. 36 2023 0000-00-00 Zaloznikova Objavljeno NiDoloceno 0000-00-00 0000-00-00 0000-00-00 336 1331-677X 10.1080/1331677X.2023.2179506 141069059 IPO_underpricing_from_the_institutional_investorperspective_evidence_from_emerging_markets.pdf IPO_underpricing_from_the_institutional_investorperspective_evidence_from_emerging_markets.pdf 1 3E2407846AF0E940AE946ECECE47D4EC 4a81fe17a61520f86c382635d55712275923322d877eb5731f1f70a8a36c1737 42a40b51-2154-11ee-a314-00155dcfd717 https://repozitorij.uni-lj.si/Dokument.php?lang=slv&id=171651 https://www.tandfonline.com/doi/full/10.1080/1331677X.2023.2179506 0 490a9816-2154-11ee-a314-00155dcfd717 https://repozitorij.uni-lj.si/Dokument.php?lang=slv&id=171652 Ekonomska fakulteta 0 0 0