FACULTEIT ECONOMIE

EN BEDRIJFSKUNDE

HOVENIERSBERG 24

更多

B-9000 GENT

Tel. : 32 - (0)9 – 264.34.61

Fax. : 32 - (0)9 – 264.35.92

WORKING PAPER

Initial returns: underpricing or overvaluation ?

Evidence from Easdaq and EuroNM

Wouter DE MAESENEIRE1

Sophie MANIGART2

March 2002

2002/139

1 Department of Corporate Finance, Ghent University.

2 Department of Corporate Finance, Ghent University.

Correspondence to: Wouter De Maeseneire, Department of Corporate Finance, Faculty of Economics and

Business Administration, Ghent University, Kuiperskaai 55E, 9000 Gent, BELGIUM; E-mail:

Wouter.Demaeseneire@rug.ac.be; tel: +32-9-264 35 06.

This paper has benefited a lot from comments of AFFI 2001 (Namûr, Belgium), EFMA 2001 (Lugano,

Switzerland) and Ghent University- Working Paper Forum participants.

D/2002/7012/14

收起