P. M. C. Thilakaratne

Corporate Fraud Tendencies Versus Initial Public Offerings (IPOs) Initial Returns Volatility

A. A. A. Bruce & P. M. C. Thilakaratne · Journal of Economics, Management and Trade · 2014

We examine the initial returns volatility of initial public offering by determining: (1) whether mispricing actually takes place during and after IPOs in Nigeria and Sri Lanka; (2) whether the mispricing (overpricing or underpricing) could constitute corporate fraud tendencies si...