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This study examines the effect of underwriter reputation on the initial-day IPO returns in an emerging market. It uses both a traditional and an extended model given the characteristics of the IPO… (More)
Using both univariate and multivariate analyses, this paper attempts to determine whether a credit crunch occurred in the Turkish economy during the 1990s. It also addresses the question of whether… (More)
Price limits are instituted to control the volatility of daily stock price movements through establishing price constraints and providing time for rational reassessment of investment decisions during… (More)