{"id":"https://openalex.org/W3010982553","doi":"https://doi.org/10.1145/3377170.3377176","title":"An Analysis of IPOs Short and Long-Term Effect of E-commerce Companies among China A-share, Hong Kong, and U.S. Market","display_name":"An Analysis of IPOs Short and Long-Term Effect of E-commerce Companies among China A-share, Hong Kong, and U.S. Market","publication_year":2019,"publication_date":"2019-12-20","ids":{"openalex":"https://openalex.org/W3010982553","doi":"https://doi.org/10.1145/3377170.3377176","mag":"3010982553"},"language":"en","primary_location":{"id":"doi:10.1145/3377170.3377176","is_oa":false,"landing_page_url":"https://doi.org/10.1145/3377170.3377176","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Proceedings of the 2019 7th International Conference on Information Technology: IoT and Smart City","raw_type":"proceedings-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5010491026","display_name":"Fang-Cih Lin","orcid":null},"institutions":[{"id":"https://openalex.org/I205612303","display_name":"Chinese Culture University","ror":"https://ror.org/04shepe48","country_code":"TW","type":"education","lineage":["https://openalex.org/I205612303"]}],"countries":["TW"],"is_corresponding":false,"raw_author_name":"Fang-Cih Lin","raw_affiliation_strings":["Department of Banking and Finance, Chinese Culture University, Taipei, Taiwan"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Banking and Finance, Chinese Culture University, Taipei, Taiwan","institution_ids":["https://openalex.org/I205612303"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5054116029","display_name":"Tzh-Han Weng","orcid":null},"institutions":[{"id":"https://openalex.org/I205612303","display_name":"Chinese Culture University","ror":"https://ror.org/04shepe48","country_code":"TW","type":"education","lineage":["https://openalex.org/I205612303"]}],"countries":["TW"],"is_corresponding":false,"raw_author_name":"Tzh-Han Weng","raw_affiliation_strings":["Department of Banking and Finance, Chinese Culture University, Taipei, Taiwan"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Banking and Finance, Chinese Culture University, Taipei, Taiwan","institution_ids":["https://openalex.org/I205612303"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5088402448","display_name":"Hai-Yen Chang","orcid":"https://orcid.org/0000-0002-6256-4966"},"institutions":[{"id":"https://openalex.org/I205612303","display_name":"Chinese Culture University","ror":"https://ror.org/04shepe48","country_code":"TW","type":"education","lineage":["https://openalex.org/I205612303"]}],"countries":["TW"],"is_corresponding":false,"raw_author_name":"Hai-Yen Chang","raw_affiliation_strings":["Department of Banking and Finance, Chinese Culture University, Taipei, Taiwan"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Banking and Finance, Chinese Culture University, Taipei, Taiwan","institution_ids":["https://openalex.org/I205612303"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5090200762","display_name":"Fu-Ming Lai","orcid":null},"institutions":[{"id":"https://openalex.org/I205612303","display_name":"Chinese Culture University","ror":"https://ror.org/04shepe48","country_code":"TW","type":"education","lineage":["https://openalex.org/I205612303"]}],"countries":["TW"],"is_corresponding":false,"raw_author_name":"Fu-Ming Lai","raw_affiliation_strings":["Department of Banking and Finance, Chinese Culture University, Taipei, Taiwan"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Banking and Finance, Chinese Culture University, Taipei, Taiwan","institution_ids":["https://openalex.org/I205612303"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5078566009","display_name":"Wei-Ling Kung","orcid":null},"institutions":[{"id":"https://openalex.org/I205612303","display_name":"Chinese Culture University","ror":"https://ror.org/04shepe48","country_code":"TW","type":"education","lineage":["https://openalex.org/I205612303"]}],"countries":["TW"],"is_corresponding":false,"raw_author_name":"Wei-Ling Kung","raw_affiliation_strings":["Department of Banking and Finance, Chinese Culture University, Taipei, Taiwan"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Banking and Finance, Chinese Culture University, Taipei, Taiwan","institution_ids":["https://openalex.org/I205612303"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5020456369","display_name":"Yi\u2010Hsien Wang","orcid":"https://orcid.org/0000-0002-5755-9089"},"institutions":[{"id":"https://openalex.org/I205612303","display_name":"Chinese Culture University","ror":"https://ror.org/04shepe48","country_code":"TW","type":"education","lineage":["https://openalex.org/I205612303"]}],"countries":["TW"],"is_corresponding":false,"raw_author_name":"Yi-Hsien Wang","raw_affiliation_strings":["Department of Banking and Finance, Chinese Culture University, Taipei, Taiwan"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Banking and Finance, Chinese Culture University, Taipei, Taiwan","institution_ids":["https://openalex.org/I205612303"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":6,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":false,"cited_by_count":0,"citation_normalized_percentile":{"value":0.29671941,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":"388","last_page":"392"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9884999990463257,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9884999990463257,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11326","display_name":"Stock Market Forecasting Methods","score":0.98580002784729,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9819999933242798,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/initial-public-offering","display_name":"Initial public offering","score":0.7746264934539795},{"id":"https://openalex.org/keywords/china","display_name":"China","score":0.7525041699409485},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.648102343082428},{"id":"https://openalex.org/keywords/term","display_name":"Term (time)","score":0.5849184989929199},{"id":"https://openalex.org/keywords/e-commerce","display_name":"E-commerce","score":0.511616051197052},{"id":"https://openalex.org/keywords/commerce","display_name":"Commerce","score":0.3476882874965668},{"id":"https://openalex.org/keywords/financial-system","display_name":"Financial system","score":0.33067721128463745},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.291040301322937},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.17536479234695435},{"id":"https://openalex.org/keywords/world-wide-web","display_name":"World Wide Web","score":0.11534193158149719},{"id":"https://openalex.org/keywords/political-science","display_name":"Political science","score":0.07820266485214233}],"concepts":[{"id":"https://openalex.org/C12559387","wikidata":"https://www.wikidata.org/wiki/Q185142","display_name":"Initial public offering","level":2,"score":0.7746264934539795},{"id":"https://openalex.org/C191935318","wikidata":"https://www.wikidata.org/wiki/Q148","display_name":"China","level":2,"score":0.7525041699409485},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.648102343082428},{"id":"https://openalex.org/C61797465","wikidata":"https://www.wikidata.org/wiki/Q1188986","display_name":"Term (time)","level":2,"score":0.5849184989929199},{"id":"https://openalex.org/C78597825","wikidata":"https://www.wikidata.org/wiki/Q484847","display_name":"E-commerce","level":2,"score":0.511616051197052},{"id":"https://openalex.org/C54750564","wikidata":"https://www.wikidata.org/wiki/Q26643","display_name":"Commerce","level":1,"score":0.3476882874965668},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.33067721128463745},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.291040301322937},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.17536479234695435},{"id":"https://openalex.org/C136764020","wikidata":"https://www.wikidata.org/wiki/Q466","display_name":"World Wide Web","level":1,"score":0.11534193158149719},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.07820266485214233},{"id":"https://openalex.org/C62520636","wikidata":"https://www.wikidata.org/wiki/Q944","display_name":"Quantum mechanics","level":1,"score":0.0},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1145/3377170.3377176","is_oa":false,"landing_page_url":"https://doi.org/10.1145/3377170.3377176","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Proceedings of the 2019 7th International Conference on Information Technology: IoT and Smart City","raw_type":"proceedings-article"}],"best_oa_location":null,"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/17","score":0.47999998927116394,"display_name":"Partnerships for the goals"}],"awards":[{"id":"https://openalex.org/G7322900600","display_name":null,"funder_award_id":"MOST 108-2410-H-034-055","funder_id":"https://openalex.org/F4320322795","funder_display_name":"Ministry of Science and Technology, Taiwan"}],"funders":[{"id":"https://openalex.org/F4320322795","display_name":"Ministry of Science and Technology, Taiwan","ror":"https://ror.org/02kv4zf79"}],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":9,"referenced_works":["https://openalex.org/W2037432689","https://openalex.org/W2039489094","https://openalex.org/W2085162670","https://openalex.org/W2139410222","https://openalex.org/W2148198877","https://openalex.org/W2390242328","https://openalex.org/W4240307802","https://openalex.org/W4241996101","https://openalex.org/W7004859254"],"related_works":["https://openalex.org/W3125125974","https://openalex.org/W2313296340","https://openalex.org/W2187219378","https://openalex.org/W4243930633","https://openalex.org/W2352730285","https://openalex.org/W2347315268","https://openalex.org/W2910949548","https://openalex.org/W2137122057","https://openalex.org/W4312549191","https://openalex.org/W2955996906"],"abstract_inverted_index":{"Chinese":[0,51,86,115,162],"e-commerce":[1,52,87,116,163],"companies":[2,53,117,164],"have":[3],"been":[4],"pushing":[5],"initial":[6],"public":[7,56],"listings":[8],"(IPOs)":[9],"on":[10,34,89],"different":[11,35,90],"stock":[12,91,129],"exchanges":[13,36,64],"in":[14,24,57,122,168],"order":[15],"to":[16,75,100,158],"raise":[17],"money":[18],"and":[19,42,62,67,80,96,127,142],"benefit":[20],"from":[21],"excess":[22],"profits":[23],"the":[25,45,71,78,123,143,159],"booming":[26],"China":[27,58],"market.":[28],"This":[29],"paper":[30],"explores":[31,43],"whether":[32],"IPOs":[33,88,113,167],"exhibit":[37],"significant":[38,119],"abnormal":[39,82,105,120],"returns":[40,83,106,121],"(AR)":[41],"what":[44,102],"influencing":[46],"factors":[47],"are":[48],"by":[49,114],"sampling":[50],"that":[54,112,135],"went":[55],"A-share,":[59,124],"Hong":[60,125],"Kong,":[61,126],"U.S":[63],"between":[65],"1999":[66],"2018.":[68],"We":[69],"deploy":[70],"event":[72],"study":[73],"method":[74],"delve":[76],"into":[77],"short-term":[79],"long-term":[81],"of":[84,161,172],"these":[85,173],"exchanges,":[92],"conducting":[93],"cross-section":[94],"regression":[95,98,132],"quantile":[97],"analyses":[99],"examine":[101],"impacts":[103],"cumulative":[104],"(CAR).":[107],"The":[108,150],"empirical":[109],"evidence":[110],"suggests":[111],"present":[118],"U.S.":[128],"markets.":[130,175],"Quantile":[131],"analysis":[133],"finds":[134],"share":[136],"price":[137],"fluctuation":[138],"limits,":[139],"trading":[140],"volumes,":[141],"2008":[144],"global":[145],"financial":[146],"crisis":[147],"influence":[148],"CAR.":[149],"research":[151],"findings":[152],"can":[153],"serve":[154],"as":[155],"a":[156],"reference":[157],"management":[160],"planning":[165],"their":[166],"one":[169],"or":[170],"more":[171],"three":[174]},"counts_by_year":[],"updated_date":"2026-06-11T09:08:48.828518","created_date":"2025-10-10T00:00:00"}
