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Hot issues, new economy stocks and Australian industry IPO returns in the late 1990s

Brooks, Robert and Dimovski, William 2004, Hot issues, new economy stocks and Australian industry IPO returns in the late 1990s, International journal of knowledge, culture and change management, vol. 3, pp. 1-4.

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Title Hot issues, new economy stocks and Australian industry IPO returns in the late 1990s
Author(s) Brooks, Robert
Dimovski, William
Journal name International journal of knowledge, culture and change management
Volume number 3
Start page 1
End page 4
Publisher Common Ground Publishing
Place of publication Altona, Vic.
Publication date 2004
ISSN 1447-9524
1447-9575
Summary This paper analyses Australian IPOs at an industry level for the period 1994 to 1999. We find a significant relationship between capital weighted IPO industry returns and contemporaneous index returns suggesting that capital raising and money left on the table arguments matter. We do not find any hot issue years at an industry level. Further at an industry level we find that new economy listings are not different to listings from other sectors of the economy.
Notes Reproduced with the specific permission of the copyright owner.
Language eng
Field of Research 150201 Finance
HERDC Research category C1 Refereed article in a scholarly journal
ERA Research output type C Journal article
Persistent URL http://hdl.handle.net/10536/DRO/DU:30008679

Document type: Journal Article
Collections: School of Accounting, Economics and Finance
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