Clusters of investors around initial public offering

Margarita Baltakienė, Kęstutis Baltakys, Juho Kanniainen, Dino Pedreschi, Fabrizio Lillo

Tutkimustuotos: ArtikkeliScientificvertaisarvioitu

1 Sitaatiot (Scopus)
25 Lataukset (Pure)

Abstrakti

The complex networks approach has been gaining popularity in analysing investor behaviour and stock markets, but within this approach, initial public offerings (IPOs) have barely been explored. We fill this gap in the literature by analysing investor clusters in the first two years after the IPO filing in the Helsinki Stock Exchange by using a statistically validated network method to infer investor links based on the co-occurrences of investors’ trade timing for 69 IPO stocks. Our findings show that a rather large part of statistically similar network structures form in different securities and persist in time for mature and IPO companies. We also find evidence of institutional herding.

AlkuperäiskieliEnglanti
Artikkeli129
Sivumäärä14
JulkaisuPalgrave Communications
Vuosikerta5
Numero1
DOI - pysyväislinkit
TilaJulkaistu - 1 jouluk. 2019
OKM-julkaisutyyppiA1 Alkuperäisartikkeli tieteellisessä aikakauslehdessä

Julkaisufoorumi-taso

  • Jufo-taso 1

!!ASJC Scopus subject areas

  • Arts and Humanities(all)
  • Social Sciences(all)
  • Psychology(all)
  • Economics, Econometrics and Finance(all)

Sormenjälki

Sukella tutkimusaiheisiin 'Clusters of investors around initial public offering'. Ne muodostavat yhdessä ainutlaatuisen sormenjäljen.

Siteeraa tätä