no code implementations • 19 Nov 2022 • Qi Deng, Lunge Dai, Zixin Yang, Zhong-guo Zhou, Monica Hussein, Dingyi Chen, Mick Swartz
Based on our findings, we argue that the differences among the levels and determinants of initial return, monthly return (intrinsic value) and intramonth return (overreaction) in different time periods can be largely explained by regulation regime changes along two dimensions: 1) approval vs. registration and 2) listing day trading curbs and return limits.
