Turkish IPOs in a changing regulatory and economic environment

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buir.contributor.authorTanyeri, Başak
buir.contributor.orcidTanyeri, Başak|0000-0002-9354-2639
dc.contributor.authorTanyeri, Başak
dc.contributor.authorÖztürkkal, B.
dc.contributor.authorTırtıroğlu, D.
dc.date.accessioned2022-02-17T09:17:06Z
dc.date.available2022-02-17T09:17:06Z
dc.date.issued2021-06-17
dc.departmentDepartment of Managementen_US
dc.description.abstractThe larger underpricing (15 percent) in the early years following the inauguration of Borsa Istanbul indicates the importance of investors, intermediaries, and firm insiders learning about the trading and pricing of firms in organized stock markets. The underpricing in recent years (from 2010 to 2020) averages 5 percent. Micro-level uncertainties about the firm as evidenced by the smaller underpricing in IPOs marketed using fixed offer prices, and the IPOs where underwriters signed on for firm commitment also prove important. Underpricing also proves smaller in larger IPO firms.en_US
dc.identifier.doi10.1016/j.bir.2021.06.006en_US
dc.identifier.eissn2214-8469
dc.identifier.issn2214-8450
dc.identifier.urihttp://hdl.handle.net/11693/77460
dc.language.isoEnglishen_US
dc.publisherElsevieren_US
dc.relation.isversionofhttps://doi.org/10.1016/j.bir.2021.06.006en_US
dc.source.titleBorsa Istanbul Reviewen_US
dc.subjectIPO underpricingen_US
dc.subjectDeveloping marketsen_US
dc.subjectRegulationen_US
dc.subjectTurkish capital marketsen_US
dc.titleTurkish IPOs in a changing regulatory and economic environmenten_US
dc.typeArticleen_US

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