1. IR@IIMC
  2. Publications
  3. Journal Articles
  4. Finance and Control
Please use this identifier to cite or link to this item: https://ir.iimcal.ac.in:8443/jspui/handle/123456789/946
Full metadata record
DC FieldValueLanguage
dc.contributor.authorBhattacharya, Arnab
dc.contributor.authorChakrabarti, Binay Bhushan
dc.contributor.authorGhosh, Chinmoy
dc.contributor.authorPetrova, Milena
dc.date.accessioned2021-08-26T05:55:28Z
dc.date.available2021-08-26T05:55:28Z
dc.date.issued2020
dc.identifier.urihttps://www.scopus.com/inward/record.uri?eid=2-s2.0-85079218860&doi=10.1111%2feufm.12257&partnerID=40&md5=7a465ccdeacf8ac701562563bc53cf6d
dc.identifier.urihttps://ir.iimcal.ac.in:8443/jspui/handle/123456789/946
dc.descriptionArnab Bhattacharya, Finance and Control Group, Indian Institute of Management Calcutta, Kolkata, West Bengal, India; Binay Bhushan Chakrabarti, Finance and Control Group, Indian Institute of Management Calcutta, Kolkata, West Bengal, India; Chinmoy Ghosh, Department of Finance, School of Business, University of Connecticut, Storrs, CT, United States; Milena Petrova, Department of Finance, Martin J. Whitman School of Management, Syracuse University, Syracuse, NY, United States
dc.descriptionISSN/ISBN - 13547798
dc.descriptionpp.1059-1106
dc.descriptionDOI - 10.1111/eufm.12257
dc.description.abstractIn 2009, the Securities Exchange Board of India allowed qualified institutional investors to anchor initial public offerings (IPOs) by participating in the issue at a price and allocation publicly disclosed preceding the issue. We study anchor investors (AIs) in Indian IPOs during 2009-2017. We find the share allotment and the number of AIs separately have significant impacts on valuation and underpricing; however, the net effect is nonsignificant. Further, AIs significantly influence other institutional investors' participation in the IPO and induce lower aftermarket volatility. Overall, our evidence suggests that AIs boost demand for and mitigate ex ante information uncertainty of IPOs.
dc.publisherSCOPUS
dc.publisherEuropean Financial Management
dc.publisherBlackwell Publishing Ltd
dc.relation.ispartofseries26(4)
dc.subjectAnchor investors
dc.subjectCertification
dc.subjectInformation uncertainty
dc.subjectIPOs
dc.titleInnovations in financing: The impact of anchor investors in Indian IPOs
dc.typeArticle
Appears in Collections:Finance and Control

Files in This Item:
There are no files associated with this item.
Show simple item record


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.