Limited Attention, Motivated Institutional Investors, and IPO Survivability

Research output: Chapters, Conference Papers, Creative and Literary Works › RGC 12 - Chapter in an edited book (Author) › peer-review

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Author(s)

  • Haoyu Gao
  • Ruixiang Jiang
  • Wei Liu
  • Junbo Wang
  • Chunchi Wu

Related Research Unit(s)

Detail(s)

Original languageEnglish
Title of host publicationADVANCES IN PACIFIC BASIN BUSINESS, ECONOMICS AND FINANCE
EditorsCHENG-FEW LEE, MIN-TEH YU
PublisherEmerald Publishing Limited
Pages1-35
ISBN (electronic)978-1-80043-870-5, 978-1-80043-872-9
ISBN (print)978-1-80043-871-2
Publication statusPublished - 2021

Publication series

NameAdvances in Pacific Basin Business, Economics and Finance
Volume9
ISSN (Print)2514-4650

Link(s)

DOI

DOI
Check@CityULib
Permanent Link https://scholars.cityu.edu.hk/en/publications/publication(73fc71bc-5f7f-4389-8c5a-55181924cb7a).html

Abstract

Using initial public offering (IPO) involuntary delisting data, this chapter examines whether and how motivated institutional investors affect the survivability of IPO firms. The empirical evidence shows that the likelihood of future delisting is much lower for IPOs with more motivated institutional investors. This impact is more pronounced for firms with higher information asymmetry. The motivated institutional investors also facilitate better post-IPO operating performance. The results are consistent with the prediction of the limited attention theory. © 2021 by Emerald Publishing Limited.

Research Area(s)

  • Motivated institutional investors, IPO survivability, information asymmetry, operating performance, monitoring effect, analyst coverage

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Publication fingerprints text

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Initial Public Offe... Keyphrases
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Limited Attention Keyphrases
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Survivability Keyphrases
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Institutional Inves... Keyphrases
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information INIS
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asymmetry INIS
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performance INIS
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prediction INIS
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data INIS
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Institutional Inves... Economics, Econometrics a...
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Citation Format(s)

[ RIS ] [ BibTeX ]
Limited Attention, Motivated Institutional Investors, and IPO Survivability. / Gao, Haoyu; Jiang, Ruixiang; Liu, Wei et al.
ADVANCES IN PACIFIC BASIN BUSINESS, ECONOMICS AND FINANCE. ed. / CHENG-FEW LEE; MIN-TEH YU. Emerald Publishing Limited, 2021. p. 1-35 (Advances in Pacific Basin Business, Economics and Finance; Vol. 9).

Research output: Chapters, Conference Papers, Creative and Literary Works › RGC 12 - Chapter in an edited book (Author) › peer-review