Results 201 to 210 of about 22,624 (248)

Trademark and IPO underpricing

Financial Management, 2021
AbstractAlthough trademarks are mentioned in many firms’ initial public offering (IPO) prospectuses, their influences on the IPO valuation process are underexplored. This paper studies the relationship between a firm's pre‐IPO trademarks and its IPO underpricing. Using 4457 US IPOs during the period 1980–2018, we find that firms with a larger number of
Bin Yang, Tao Yuan
openaire   +1 more source

The impact of media sentiments on IPO underpricing

Journal of Asia Business Studies, 2021
Purpose In initial public offerings (IPOs), the media plays a pivotal role by disseminating the information to the investors who generally lack the expertise to understand the information through the prospectus.
V. Gupta, Shveta Singh, Surendra S. Yadav   +2 more
semanticscholar   +1 more source

IPO Underpricing and Outside Blockholdings

SSRN Electronic Journal, 2003
Abstract Recent papers have proposed a link between underpricing of an initial public offering (IPO) and the resulting ownership structure of the firm. Brennan and Franks [J. Financ. Econ. 45 (1997) 391] hypothesize that IPO managers want to discourage new blockholdings to reduce the likelihood of being monitored.
Laura Casares Field, Dennis P. Sheehan
openaire   +1 more source

Family Involvement, Governmental Connections, and IPO Underpricing of SMEs in China

, 2020
This study draws on institutional theory to explore the relationship between family involvement, governmental connections, and initial public offering (IPO) underpricing in China.
Jie Yang, Jieqiong Ma, Harold Doty
semanticscholar   +1 more source

The underpricing of private targets

Journal of Financial Economics, 2005
Abstract We examine acquisitions of private firms with valuation histories and find a positive relation between acquirer announcement returns and target valuation revisions. Similar to other studies, acquirer announcement returns are positive, on average.
John W. Cooney, Thomas Moeller, Mike A. Stegemoller   +2 more
openaire   +1 more source

Corporate governance and underpricing of small and medium enterprises IPOs in India

, 2020
The purpose of the paper is to examine the impact of corporate governance mechanisms, i.e. board structure and ownership structure on the underpricing of small and medium enterprises (SME) IPOs in India.,Most of the extant empirical research studies have
Nischay Arora, Balwinder Singh
semanticscholar   +1 more source

Conservatism and international IPO underpricing

Journal of International Business Studies, 2015
We study the impact of country-level accounting conservatism on international IPO underpricing. Examining 13,285 IPOs from 36 countries, we find that IPOs are underpriced less in countries in which existing public firms practice more accounting conservatism.
Thomas Jason Boulton, Scott Smart, Chad J. Zutter   +2 more
openaire   +1 more source

From underpricing to unconstrained China's IPO underpricing

2017
This paper explores one possible channel that could explain part of the large IPO underpricing of firms listed in the Small and Medium Enterprise Board of Shenzhen Stock Exchange in China. Firms use underpricing to signal their growth potential and attract bank-related investors to establish banking relationship via them.
openaire   +2 more sources

What causes the IPO underpricing? New evidence from China’s SME market

, 2020
We study 10-year IPO initial returns in China’s small and medium-sized enterprise (SME) board between 2006 and 2016, including 755 IPO samples. At the same time, we test how policy changes of IPO pricing and trading mechanism affect first-day initial ...
G. Zou, Qiyuan Cheng, Weijie Chen, J. Meng   +3 more
semanticscholar   +1 more source

Underpricing in the Euro Area Bond Market: New Evidence from Post-Crisis Regulation and Quantitative Easing

Journal of Financial Intermediation, 2020
We conduct the most extensive study of underpricing in the euro area bond market so far and find strong evidence of underpricing. In cross-sectional regressions we find patterns that are consistent with bookbuilding-based theories of underpricing and ...
Tobias Rischen, E. Theissen
semanticscholar   +1 more source