Context‐specific experience and institutional investors’ performance

• Published in: Journal of banking & finance Vol. 149; p. 106786
• Main Authors: Neupane, Suman, Thapa, Chandra, Vithanage, Kulunu
• Format: Journal Article
• Language: English
• Published: Elsevier B.V 01.04.2023
• Subjects: Experience; Foreign institutional investors; IPOs; Learning; Learning; Experience; G11; Foreign institutional investors; IPOs; G23; J24

We examine how context-specific experience is correlated with the performance of institutional investors. Specifically, we explore how previous initial public offering (IPO) trading experience affects foreign institutional investors’ selection, bidding, and the profitability of their future IPO inve...