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Associate Professor of Finance, University of Illinois at Urbana-Champaign. I wish to thank Clifford Ball, Chris Barry, Stephen Buser (the editor), Donald Keim, Josef Lakonishok, Gita Rao, Nejat Seyhun, René Stulz, Michael Vetsuypens, Ivo Welch, Joseph Williams, an anonymous referee, participants in workshops at Illinois, Iowa, Vanderbilt, and Wharton, and especially Harry DeAngelo for helpful suggestions. An earlier version of this paper was presented at the December 1988 AFA meetings, the September 1989 Garn Institute conference on The Capital Acquisition Process, the November 1989 CRSP Seminar on the Analysis of Security Prices, and the October 1990 Q Group meetings. Navin Chopra, Tim Loughran, and Tae Park provided extensive and very able research assistance. The research is partially supported by a grant from the Institute for Quantitative Research in Finance.
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The Long-Run Performance of initial Public Offerings
Article first published online: 30 APR 2012
DOI: 10.1111/j.1540-6261.1991.tb03743.x
1991 The American Finance Association
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How to Cite
RITTER, J. R. (1991), The Long-Run Performance of initial Public Offerings. The Journal of Finance, 46: 3–27. doi: 10.1111/j.1540-6261.1991.tb03743.x
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Associate Professor of Finance, University of Illinois at Urbana-Champaign. I wish to thank Clifford Ball, Chris Barry, Stephen Buser (the editor), Donald Keim, Josef Lakonishok, Gita Rao, Nejat Seyhun, René Stulz, Michael Vetsuypens, Ivo Welch, Joseph Williams, an anonymous referee, participants in workshops at Illinois, Iowa, Vanderbilt, and Wharton, and especially Harry DeAngelo for helpful suggestions. An earlier version of this paper was presented at the December 1988 AFA meetings, the September 1989 Garn Institute conference on The Capital Acquisition Process, the November 1989 CRSP Seminar on the Analysis of Security Prices, and the October 1990 Q Group meetings. Navin Chopra, Tim Loughran, and Tae Park provided extensive and very able research assistance. The research is partially supported by a grant from the Institute for Quantitative Research in Finance.
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- Issue published online: 30 APR 2012
- Article first published online: 30 APR 2012
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