Influence of Attention Effect on the Phenomenon of Underestimation / Overestimation of IPO

Student: Slukin Danis

Educational Programme: Financial Markets and Financial Institutions (Master)

Year of Graduation: 2021

This paper examines the influence of the attention factor on IPO results. The proxy of the attention effect in this study is a sentiment analysis of news content using a computer algorithm that allows you to determine the sentiment of the published material. Using this tool, we analyzed the relationship between the sentiment of the media space and the profitability of the company's first trading day after the listing date. The results of this analysis are ambiguous, only in one model was the weak presence of the attention effect statistically confirmed.

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