Construct · 1 fields · 1 citations

partial adjustment phenomenon: a standalone construct

One name. One construct. A landmark on the map.

● anchor · a standalone construct Nearest construct by meaning·not indexed

A single standalone construct; nearby constructs are located against it in the Collider. Tap a field for its definition, unit, and measures.

Corporate finance

the pattern that IPO offer prices revised upward from the filing range only partly incorporate the good news, so those issues are more underpriced.

In corporate finance, partial adjustment phenomenon refers to the pattern that IPO offer prices revised upward from the filing range only partly incorporate the good news, so those issues are more underpriced. This meaning comes from Hanley (1993) in Journal of Financial Economics.[1]

Unit
Recovery means
Measured by

Run it through the Collider, or take the citations with you.

See how partial adjustment phenomenon sits against neighbouring constructs in the Collider, or export every reference on this page in one click.

Open in Collider Export BibTeX Report this entry

Nearby constructs

good2 fields · 5 citationsjingle · one word, two constructs offer1 fields · 1 citationsanchor · a standalone construct pattern4 fields · 5 citationsjingle · one word, four constructs

References

Hanley, K. W. (1993). The underpricing of initial public offerings and the partial adjustment phenomenon. Journal of Financial Economics, 34(2), 231-250. https://doi.org/10.1016/0304-405x(93)90019-8

Cited on this page?

Confirm your construct, or correct us.

If your work is cited behind one of these entries, you know better than we do whether we captured the meaning right. Confirm it, suggest an edit, or dispute it, and your name goes on the entry as an author who has checked it, linked to your ORCID.

Claim your construct