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Export Reference (APA) 
Isola, M., Teixeira, F. & Ferreira, F. (2014). Initial underpricing and the Lisbon Euronext-listed companies. Procedia - Social and Behavioral Sciences. 110, 1116-1123
Export Reference (IEEE) 
M. N. Isola et al.,  "Initial underpricing and the Lisbon Euronext-listed companies", in Procedia - Social and Behavioral Sciences, vol. 110, pp. 1116-1123, 2014
Export BibTeX 
@article{isola2014_1765575377507,
	author = "Isola, M. and Teixeira, F. and Ferreira, F.",
	title = "Initial underpricing and the Lisbon Euronext-listed companies",
	journal = "Procedia - Social and Behavioral Sciences",
	year = "2014",
	volume = "110",
	number = "",
	doi = "10.1016/j.sbspro.2013.12.958",
	pages = "1116-1123",
	url = "http://www.journals.elsevier.com/procedia-social-and-behavioral-sciences"
}
Export RIS 
TY  - JOUR
TI  - Initial underpricing and the Lisbon Euronext-listed companies
T2  - Procedia - Social and Behavioral Sciences
VL  - 110
AU  - Isola, M.
AU  - Teixeira, F.
AU  - Ferreira, F.
PY  - 2014
SP  - 1116-1123
SN  - 1877-0428
DO  - 10.1016/j.sbspro.2013.12.958
UR  - http://www.journals.elsevier.com/procedia-social-and-behavioral-sciences
AB  - This study aims to determine the level of initial underpricing in the Euronext Lisbon-listed companies during a period (1990 - 2010) that includes the effects of the current global financial crisis. We employed two methods of analysis: one for the short-term (i.e. the market adjusted abnormal returns (MAAR)), and the other for the long-term (i.e. the buy-and-hold abnormal returns (BHAR)). The results suggest the existence of low efficiency in the Portuguese stock market, generating underpricing for Initial Public Offerings (IPOs) in the short-term with positive MAARs. The same situation occurs for the long-term, where companies present positive BHARs.
ER  -