...Chui Zi Ong; Rasidah Mohd Rashid; Ali Albada; Sin Huei Ng; Moau-Yong Toh Purpose This paper aims to explore how lock-up provisions and the percentages of shares retained by pre-initial public offering (IPO) shareholders are related to the valuation of IPOs. Design/methodology/approach Using...

... Abnormal return Valuation Acquirers Glamour stocks may underperform relative to value stocks in the long run following an acquisition for a number of reasons including hubris and mispricing. Roll's (1986) hubris hypothesis suggests that acquisitions do not yield gains and only those who overpay...