Style Investing, Timing Strategies and the Predictability of IPO Returns
A Special Issue of Journal of Risk and Financial Management (ISSN 1911-8074) belonging to the section "Financial Markets".
Deadline for manuscript submissions: 15 December 2026 | Viewed by 202
Editors
Interests: behavioral finance; empirical asset pricing; IPOs; corporate finance; international finance
Interests: corporate finance; entrepreneurial finance; corporate governance and institutional investors
Interests: labor and finance; bankruptcy and risk; contracting and corporate governance as well as innovation and work on the movie and media industries
Special Issue Information
Dear Colleagues,
Style investing has been widely studied in secondary markets, yet its implications for primary equity markets and corporate financing decisions remain less explored. The IPO setting provides a natural context in which investor demand, capital flows, and valuation uncertainty interact with firm-level strategic choices. Recent evidence suggests that style-driven capital allocation may influence not only IPO pricing and aftermarket performance, but also firms’ decisions regarding when and how to access public markets.
This Special Issue of the Journal of Risk and Financial Management invites contributions that examine how capital market conditions, including style-based investment flows, investor sentiment, and institutional mandates, affect corporate financing decisions. In addition to IPO underpricing and post-IPO returns, we encourage research on the timing of going public, the choice between IPO and acquisition as exit strategies, and subsequent financing activities such as seasoned equity offerings.
We welcome theoretical, empirical, and methodological contributions on topics including, but not limited to, style momentum and IPO underpricing, style timing versus market timing, the interaction between style investing and investor sentiment, behavioral capital flows in primary markets, institutional style mandates, cross-style variation in equity issuance activity, post-issuance return dynamics, firm characteristics and readiness for public markets, post-IPO financing decisions, and international evidence.
This Special Issue aims to bridge asset pricing, behavioral finance, and corporate finance by advancing understanding of how capital allocation shapes issuance decisions and outcomes.
Dr. Samar Ashour
Dr. Shan He
Prof. Dr. S. Abraham Ravid
Guest Editors
Manuscript Submission Information
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Keywords
- style investing
- IPO underpricing
- style timing
- investor sentiment
- capital flows
- behavioral finance
- market timing
- return reversals
- primary market pricing
- aftermarket performance
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