Construct · 1 fields · 1 citations

prospect theory of IPO underpricing: a standalone construct

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prospect theory ofIPO underpricing1 CONSTRUCTProspect theory of IPOLOUGHRAN · CORPORATE FINANCE

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Corporate finance

the explanation that issuers tolerate underpricing because they mentally net the loss against the larger wealth gain from an unexpectedly high price.

In corporate finance, prospect theory of IPO underpricing refers to the explanation that issuers tolerate underpricing because they mentally net the loss against the larger wealth gain from an unexpectedly high price. This meaning comes from Loughran (2002) in Review of Financial Studies.[1]

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Nearby constructs

gain4 fields · 4 citationsjingle · one word, four constructsIPO underpricing1 fields · 1 citationsanchor · a standalone constructloss2 fields · 3 citationsjingle · one word, two constructs

References

  1. Loughran, T., & Ritter, J. R. (2002). Why Don’t Issuers Get Upset About Leaving Money on the Table in IPOs? Review of Financial Studies, 15(2), 413-444. https://doi.org/10.1093/rfs/15.2.413

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