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The performance of new equity offerings in Hungary and Poland

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  • Lyn, Esmeralda O.
  • Zychowicz, Edward J.

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  • Lyn, Esmeralda O. & Zychowicz, Edward J., 2003. "The performance of new equity offerings in Hungary and Poland," Global Finance Journal, Elsevier, vol. 14(2), pages 181-195, July.
    • Handle: RePEc:eee:glofin:v:14:y:2003:i:2:p:181-195
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    4. Roger G. Ibbotson & Jody L. Sindelar & Jay R Ritter, 1994. "The Market'S Problems With The Pricing Of Initial Public Offerings," Journal of Applied Corporate Finance, Morgan Stanley, vol. 7(1), pages 66-74, March.
    5. Raj Aggarwal & Joel T. Harper, 2000. "Equity Valuation in the Czech Voucher Privatization Auctions," Financial Management, Financial Management Association, vol. 29(4), Winter.
    6. Loughran, Tim & Ritter, Jay R. & Rydqvist, Kristian, 1995. "Initial public offerings: International insights," Pacific-Basin Finance Journal, Elsevier, vol. 3(1), pages 139-140, May.
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    10. Tim Loughran & Jay R. Ritter, 2002. "Why Don't Issuers Get Upset About Leaving Money on the Table in IPOs?," The Review of Financial Studies, Society for Financial Studies, vol. 15(2), pages 413-444, March.
    11. Ibbotson, Roger G., 1975. "Price performance of common stock new issues," Journal of Financial Economics, Elsevier, vol. 2(3), pages 235-272, September.
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    14. Hingorani, Archana & Lehn, Kenneth & Makhija, Anil K., 1997. "Investor behavior in mass privatization: The case of the Czech voucher scheme," Journal of Financial Economics, Elsevier, vol. 44(3), pages 349-396, June.
    15. Mario Levis, 1993. "The Long-Run Performance of Initial Public Offerings: The UK Experience 1980-1988," Financial Management, Financial Management Association, vol. 22(1), Spring.
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    17. Andrew Berg, 1994. "The Logistics of Privatization in Poland," NBER Chapters, in: The Transition in Eastern Europe, Volume 2, Restructuring, pages 165-188, National Bureau of Economic Research, Inc.
    18. Mendelson, Morris & Peake, Junius W., 1993. "Equity markets in economies in transition," Journal of Banking & Finance, Elsevier, vol. 17(5), pages 913-929, September.
    19. Abarbanell, Jeffery S. & Bonin, John P., 1997. "Bank Privatization in Poland: The Case of Bank Slaski," Journal of Comparative Economics, Elsevier, vol. 25(1), pages 31-61, August.
    20. Ritter, Jay R, 1991. "The Long-run Performance of Initial Public Offerings," Journal of Finance, American Finance Association, vol. 46(1), pages 3-27, March.
    21. Firth, Michael, 1997. "An analysis of the stock market performance of new issues in New Zealand," Pacific-Basin Finance Journal, Elsevier, vol. 5(1), pages 63-85, February.
    22. Rock, Kevin, 1986. "Why new issues are underpriced," Journal of Financial Economics, Elsevier, vol. 15(1-2), pages 187-212.
    23. Michael J., Ivan Page Reyneke, 1997. "The Timing and Subsequent Performance of Initial Public Offerings (IPOs) on the Johannesburg Stock Exchange," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 24(9‐10), pages 1401-1420, October.
    24. Dewenter, Kathryn L & Malatesta, Paul H, 1997. "Public Offerings of State-Owned and Privately-Owned Enterprises: An International Comparison," Journal of Finance, American Finance Association, vol. 52(4), pages 1659-1679, September.
    25. Finn, Frank J. & Higham, Ron, 1988. "The performance of unseasoned new equity issues-cum-stock exchange listings in Australia," Journal of Banking & Finance, Elsevier, vol. 12(3), pages 333-351, September.
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    Cited by:

    1. Roszkowska, Paulina & Langer, Lukasz K. & Langer, Piotr B., 2021. "Pension funds and IPO pricing. Evidence from a quasi-experiment," The British Accounting Review, Elsevier, vol. 53(4).
    2. Samarakoon, Lalith P., 2010. "The short-run underpricing of initial public offerings in the Sri Lankan stock market," Journal of Multinational Financial Management, Elsevier, vol. 20(4-5), pages 197-213, December.
    3. Leszek Czapiewski & Joanna Lizińska, 2019. "Explanatory Power of Pre-Issue Financial Strength for Long-Term Market Performance: Evidence from Initial Equity Offerings on an Emerging Market," IJFS, MDPI, vol. 7(1), pages 1-16, March.
    4. Lizińska Joanna & Czapiewski Leszek, 2019. "Long-Term Equity Performance in Poland – Searching for Answers with the Calendar-Time Portfolio Approach," Folia Oeconomica Stetinensia, Sciendo, vol. 19(1), pages 43-55, June.
    5. Małachowski Paweł & Gadowska-dos Santos Dominika, 2021. "What Determines the Success of an IPO? Analysis of IPO Underpricing on the Warsaw Stock Exchange," Central European Economic Journal, Sciendo, vol. 8(55), pages 1-14, January.
    6. Daniel Anarfi & Kofi Ampadu Boateng & Kwabena Adu Ababio, 2016. "Determinants of Return on Equity for a Sustainable Growth of the Manufacturing Industry in the Czech Republic," European Journal of Business Science and Technology, Mendel University in Brno, Faculty of Business and Economics, vol. 2(1), pages 43-52.
    7. Joanna Lizińska & Leszek Czapiewski, 2018. "Towards Economic Corporate Sustainability in Reporting: What Does Earnings Management around Equity Offerings Mean for Long-Term Performance?," Sustainability, MDPI, vol. 10(12), pages 1-23, November.
    8. Seung‐Doo Choi & Inmoo Lee & William Megginson, 2010. "Do Privatization IPOs Outperform in the Long Run?," Financial Management, Financial Management Association International, vol. 39(1), pages 153-185, March.
    9. Simon Gao & Tony Chieh-Tse Hou, 2019. "An Empirical Examination of IPO Underpricing Between High-technology and Non-high-technology Firms in Taiwan," Journal of Emerging Market Finance, Institute for Financial Management and Research, vol. 18(1), pages 23-51, April.
    10. Polona Peterle & Ales S. Berk, 2016. "IPO Cycles in Central and Eastern Europe: What Factors Drive these Cycles?," Czech Journal of Economics and Finance (Finance a uver), Charles University Prague, Faculty of Social Sciences, vol. 66(2), pages 113-139, April.
    11. Joanna Lizińska & Leszek Czapiewski, 2014. "Performance of Polish IPO Firms: Size and Profitability Effect," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 1, pages 53-71.
    12. Rathnayake, Dilesha Nawadali & Louembé, Pierre Axel & Kassi, Diby François & Sun, Gang & Ning, Ding, 2019. "Are IPOs underpriced or overpriced? Evidence from an emerging market," Research in International Business and Finance, Elsevier, vol. 50(C), pages 171-190.

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