Question 1 what are the necessary ingredients for a theory, Ask an Expert

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Question: 1. What are the necessary ingredients for a theory based on investor sentiment to generate high and time-varying first-day returns, hot-issue markets, and poor long-run performance of IPOs?

2. Can hot-issue markets be observed in the absence of strong demand from sentiment investors? Why or why not?

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M92286785

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