References
- Aggarwal, R. (2000). "Stabilization activities by underwriters after initial public offerings," Journal of Finance 55(3), 1075-1103. https://doi.org/10.1111/0022-1082.00241
- Asquith, D. J., D. Jones, and R. Kieschnick (1998). "Evidence on price stabilization and underpricing in early IPO returns," Journal of Finance 53(5), 1759-1773. https://doi.org/10.1111/0022-1082.00071
- Beatty, R. P. and J. R. Ritter (1986). "Investment banking, reputation, and the underpricing of initial public offerings," Journal of Financial Economics 15(1), 213-232. https://doi.org/10.1016/0304-405X(86)90055-3
- Benveniste, L. M. and P. A. Spindt (1989). "How investment bankers determine the offer price and allocation of new issues," Journal of Financial Economics 24(2), 343-361. https://doi.org/10.1016/0304-405X(89)90051-2
- Booth, J. R. and R. L. Smith (1986). "Capital raising, underwriting and the certification hypothesis," Journal of Financial Economics 15(1), 261-281. https://doi.org/10.1016/0304-405X(86)90057-7
- Brav, A. and P. A. Gompers (2003). "The role of lockups in initial public offerings," Review of Financial Studies 16(1), 1-29. https://doi.org/10.1093/rfs/16.1.0001
- Byun, J. and S. S. Cho (2011). "IPO lock-ups and underpricing," Korean Journal of Financial Studies 40(3), 405-429.
- Carter, R. B., F. H. Dark, and A. K. Singh (1998). "Underwriter reputation, initial returns, and the long-run performance of IPO stocks," Journal of Finance 53(1), 285-311. https://doi.org/10.1111/0022-1082.104624
- Cho, J. M., J. H. Lee, and B. G. Jang (2015). "Initial public offerings, earnings management and venture capital: Evidence of bull and bear market conditions in Korea," Journal of Small Business Innovation 18(1), 15-41.
- Choi, M. S. (2011). "Review of empirical studies on IPO activity and pricing behavior in Korea," Asian Review of Financial Research 24(2), 621-663.
- Chowdhry, B. and V. Nanda (1996). "Stabilization, syndication, and pricing of IPOs," Journal of Financial and Quantitative Analysis 31(1), 25-42. https://doi.org/10.2307/2331385
- Cook, D. O., R. Kieschnick, and R. A. Van Ness (2006). "On the marketing of IPOs," Journal of Financial Economics 82(1), 35-61. https://doi.org/10.1016/j.jfineco.2005.08.005
- Cornelli, F., D. Goldreich, and A. Ljungqvist (2006). "Investor sentiment and pre-IPO markets," Journal of Finance 61(3), 1187-1216. https://doi.org/10.1111/j.1540-6261.2006.00870.x
- Corwin, S. A., J. H. Harris, and M. L. Lipson (2004). "The development of secondary market liquidity for NYSE-listed IPOs," Journal of Finance 59(5), 2339-2374. https://doi.org/10.1111/j.1540-6261.2004.00701.x
- Field, L. C. and G. Hanka (2001). "The Expiration of IPO share lockups," Journal of Finance 56(2), 471-500. https://doi.org/10.1111/0022-1082.00334
- Goergen, M., L. Renneboog, and A. Khurshed (2006). "Explaining the diversity in shareholder lockup agreements," Journal of Financial Intermediation 15(2), 254-280. https://doi.org/10.1016/j.jfi.2005.10.001
- Greene, W. H. (2012). Econometric analysis 7th International ed. Pearson Education.
- Griffin, J. M., J. H. Harris, T. Shu, and S. Topaloglu (2011). "Who drove and burst the tech bubble?," Journal of Finance 66(4), 1251-1290. https://doi.org/10.1111/j.1540-6261.2011.01663.x
- Hanley, K. W. (1993). "The underpricing of initial public offerings and the partial adjustment phenomenon," Journal of Financial Economics 34(2), 231-250. https://doi.org/10.1016/0304-405X(93)90019-8
- Hanley, K. W. and G. Hoberg (2016). "The information content of IPO prospectuses," Review of Financial Studies 23(7), 2821-2864. https://doi.org/10.1093/rfs/hhq024
- Hanley, K. W., A. A. Kumar, and P. J. Seguin (1993). "Price stabilization in the market for new issues," Journal of Financial Economics 34(2), 177-197. https://doi.org/10.1016/0304-405X(93)90017-6
- Kaustia, M. and S. Knupfer (2008). "Do investors overweight personal experience? Evidence from IPO subscriptions," Journal of Finance 63(6), 2679-2702. https://doi.org/10.1111/j.1540-6261.2008.01411.x
- Lee, J. R. (2012). "Downside risk and underpricing of IPOs: Evidence from put back options revisited," Korean Journal of Financial Studies 41(5), 705-721.
- Lee, J. R. and H. J. Song (2013). "The effect of ownership structure of newly listed firms on IPO process: Evidence from Korea market," Asia-Pacific Journal of Small Business 35(1), 47-65.
- Lee, J. R. and M. A. Kim (2014),"Controlling ownership, employee ownership, and returns of IPO stocks," Journal of Small Business Innovation 17(1), 55-72.
- Lowry, M. M., S. Officer, and G. W. Schwert (2010). "The variability of IPO initial returns," Journal of Finance 65(2), 425-465. https://doi.org/10.1111/j.1540-6261.2009.01540.x
- Megginson, W. L. and K. A. Weiss (1991). "Venture capitalist certification in initial public offerings," Journal of Finance 46(3), 879-903. https://doi.org/10.1111/j.1540-6261.1991.tb03770.x
- Rock, K. (1986). "Why new issues are underpriced," Journal of Financial Economics 15(1), 187-212. https://doi.org/10.1016/0304-405X(86)90054-1
- Ruud, J. S. (1993). "Underwriter price support and the IPO underpricing puzzle," Journal of Financial Economics 34(2), 135-151. https://doi.org/10.1016/0304-405X(93)90015-4
- Shin, I. S. (2010). "Regulatory environment, changing incentives, and IPO underpricing in the Korean stock market," Asia-Pacific Journal of Financial Studies 39(2), 109-138. https://doi.org/10.1111/j.2041-6156.2010.00006.x
- Sopranzetti, B. J., E. Venezian, and X. Wang (2006). "The market for new issues: impact of offering price on price support and underpricing," Review of Quantitative Finance and Accounting 26(2), 165-176. https://doi.org/10.1007/s11156-006-7214-z
- Yon, K. H. and S. H. Park (2002). "An empirical evidence on the uniform lock-up system in KOSDAQ," Korean Journal of Financial Studies 31, 323-364.