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10.1016/j.frl.2021.101977

http://scihub22266oqcxt.onion/10.1016/j.frl.2021.101977
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33613130!7879812!33613130
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suck abstract from ncbi


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pmid33613130      Financ+Res+Lett 2021 ; 43 (ä): 101977
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  • COVID-19: Fear of pandemic and short-term IPO performance #MMPMID33613130
  • Mazumder S; Saha P
  • Financ Res Lett 2021[Nov]; 43 (ä): 101977 PMID33613130show ga
  • This study analyzes the relationship between COVID-19 related fear and short-term IPO performance. Though the average market-adjusted initial return of IPOs in the year 2020 is higher than that of the last four decades, it decreases if fear of pandemic increases. The evidence is robust when we use matching firm-adjusted initial returns. Next, we analyze the persistence of performance after the IPO date. The results show that the performance of IPO firms is more sensitive to the fear of the pandemic than the performance of similar existing firms.
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