Results 181 to 190 of about 35,986 (251)
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Does local corruption affect IPO underpricing? Evidence from China
, 2021This study investigates the impact of local corruption on IPO underpricing. We find that compared to firms located in regions with low corruption, firms located in regions with high corruption exhibit higher IPO underpricing. In cross-sectional analysis,
Xin Wang, Di Song
semanticscholar +1 more source
IPO Underpricing and Mutual Fund Allocation: New Evidence from Registration System
Social Science Research Network, 2022We study the effect of mutual fund allocation on China's IPO market under the new registration system. The introduction of mutual fund bids significantly increases the IPO offer price, resulting in a low initial short-term return and suppressed IPO ...
Feifan Sun +3 more
semanticscholar +1 more source
Applied Financial Economics, 2004
This article analyses the first-day return of 182 IPOs listed on the Italian Stock Exchange from 1985 to 2001. It finds a significantly mean positive underpricing (21.87%). Contrary to the evidence detected in the USA by Loughran and Ritter and Ljungqvist and Wilhelm, it highlights that on the main board of the Italian Exchange IPO underpricing ...
CASSIA, Lucio +3 more
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This article analyses the first-day return of 182 IPOs listed on the Italian Stock Exchange from 1985 to 2001. It finds a significantly mean positive underpricing (21.87%). Contrary to the evidence detected in the USA by Loughran and Ritter and Ljungqvist and Wilhelm, it highlights that on the main board of the Italian Exchange IPO underpricing ...
CASSIA, Lucio +3 more
openaire +2 more sources
Board characteristics, ownership concentration and SME IPO underpricing
Pacific Accounting Review, 2022Purpose This study aims to explore the moderating impact of governance structure, that is, board characteristics including board size, board independence, board committees and ownership structure like ownership concentration, on the underpricing of ...
Nischay Arora, Balwinder Singh
semanticscholar +1 more source
Impact of news sentiment and topics on IPO underpricing: US evidence
International Journal of Accounting and Information Management, 2021Purpose The goal of the study is to examine the effects of news sentiment and topics dominating in the news field prior to the initial public offering (IPO) on the IPO underpricing.
Elena Fedorova, S. Druchok, P. Drogovoz
semanticscholar +1 more source
Finance Research Letters, 2021
We examine the impact of internationalization on IPO underpricing in China. Our findings, which suggest that internationalization can reduce IPO underpricing, echoes similar findings in the literature.
Xuan Peng, Yibo Jia, Kam C. Chan
semanticscholar +1 more source
We examine the impact of internationalization on IPO underpricing in China. Our findings, which suggest that internationalization can reduce IPO underpricing, echoes similar findings in the literature.
Xuan Peng, Yibo Jia, Kam C. Chan
semanticscholar +1 more source
Nankai Business Review International, 2014
Purpose – The purpose of this paper is to model the Chinese unique regulation changes with the supply-and-demand analytical framework and structure the relationship between initial public offerings (IPO) underpricing and institutional changes with the comparative static method.
Wei Zhang, Lihui Tian
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Purpose – The purpose of this paper is to model the Chinese unique regulation changes with the supply-and-demand analytical framework and structure the relationship between initial public offerings (IPO) underpricing and institutional changes with the comparative static method.
Wei Zhang, Lihui Tian
openaire +1 more source
Fintech and IPO underpricing: An explorative study
, 2021Based on an international sample, this paper examines the relationship between FinTech IPOs (venture capital and equity crowdfunding-backed) and short-run performance, i.e. the level of underpricing.
Dario Salerno +2 more
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A Review of IPO Underpricing: Evidences from Developed, Developing and Emerging Markets
Journal of Contemporary Issues and Thought, 2021The empirical evidence of high initial return from Initial Public Offerings (IPO) phenomena known as underpricing. From last three decades, it is an ongoing issue of every financial market throughout the world.
Waqas Mehmood, R. M. Rashid, A. Tajuddin
semanticscholar +1 more source
Governance reform and IPO underpricing
Journal of Corporate Finance, 2012Abstract Underpricing of IPOs in Thailand significantly drops following the country's major governance reform, indicating less price-protection by investors. The lower price-protection is associated with fewer instances of absolute control retention by pre-issue insiders during the post-reform period, not reduction in the expropriation risk.
Manapol Ekkayokkaya, Tulaya Pengniti
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