Our study investigates the relationship between after-market liquidity and initial public offering (IPO) price. We also examine effects of other factors such as: firm size, belonging to the high-risk industry, IPO size, reputation of the underwriter and firm age on IPO price. The sample consists of all IPOs issued in Iran stock exchange during 2006-2012.the actual data cover the period from sep2006 to march2012.our findings indicate that IPO price is positively related to after-market liquidity and there is no relationship between IPO price and other factors such as: firm size, belonging to the high-risk industry, IPO size, reputation of the underwriter and firm age.
Bateni, L., Poorzamani, Z., & Rahnama rood poshti, F. (2013). Investigation of impact of after-market liquidity on IPO price in Tehran Stock Exchange. Journal of Asset Management and Financing, 1(1), 63-74.
MLA
Leila Bateni; Zahra Poorzamani; Fraydoon Rahnama rood poshti. "Investigation of impact of after-market liquidity on IPO price in Tehran Stock Exchange". Journal of Asset Management and Financing, 1, 1, 2013, 63-74.
HARVARD
Bateni, L., Poorzamani, Z., Rahnama rood poshti, F. (2013). 'Investigation of impact of after-market liquidity on IPO price in Tehran Stock Exchange', Journal of Asset Management and Financing, 1(1), pp. 63-74.
VANCOUVER
Bateni, L., Poorzamani, Z., Rahnama rood poshti, F. Investigation of impact of after-market liquidity on IPO price in Tehran Stock Exchange. Journal of Asset Management and Financing, 2013; 1(1): 63-74.
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