Results 21 to 30 of about 22,624 (248)
Corporate governance and IPO underpricing: evidence from the italian market
Journal of Management and Governance, 2021 This paper aims to analyse the impact of firms’ corporate governance characteristics on the degree of first-day returns (i.e., underpricing) in the Italian initial public offering (IPO) market.
E. Teti, Ilaria Montefusco
semanticscholar +1 more source
Public Information and IPO Underpricing [PDF]
SSRN Electronic Journal, 2011 We analyze the eect of public information on rational investors’ incentives to reveal private information during the bookbuilding process and their demand for allocations in the IPO. Our model generates several new predictions. First, investors require more underpricing to truthfully reveal positive private information in bear markets than in bull ...
Bakke, Einar +2 more
openaire +3 more sources
Enterprises’ R&D Investment, Venture Capital Syndication and IPO Underpricing
Sustainability, 2021 Based on the data of companies that got ChiNext listed from 2009 to 2018, this paper empirically studies the relationship among R&D investment, venture capital (VC) syndication and IPO underpricing.
Xuemeng Guo, Kai Li, Siyi Yu, Bolu Wei
semanticscholar +1 more source
Turkish IPOs in a changing regulatory and economic environment
Borsa Istanbul Review, 2022 The larger underpricing (15 percent) in the early years following the inauguration of Borsa Istanbul indicates the importance of investors, intermediaries, and firm insiders learning about the trading and pricing of firms in organized stock markets.
Başak Tanyeri +2 more
doaj +1 more source
Commercialization Strategy and IPO Underpricing [PDF]
Research Policy, 2017 Abstract This paper studies the interplay between two defining features of technology-based firms: licensing as a commercialization strategy and the reliance on equity financing. Within the context of an IPO, we argue that the technology commercialization strategy of a firm going public affects information asymmetries and, therefore, IPO underpricing.
Morricone, Serena +3 more
openaire +2 more sources
IPO initial returns in China: Underpricing or overvaluation?
China Journal of Accounting Research, 2014 This paper separates the amount of IPO underpricing (primary market underpricing) and overvaluation (secondary market overvaluation) from the value of an IPO’s initial return to evaluate the relative importance of these two factors and their main ...
Shunlin Song, JinSong Tan, Yang Yi
doaj +1 more source
Investigating the Moderating Effect of Auditing Quality on the Relationship between Financial Reporting Quality and Initial Public Offerings (IPOs) Underpricing [PDF]
مطالعات تجربی حسابداری مالی, 2021 The purpose of this study is to investigate the moderating effect of auditing quality on the relationship between financial reporting quality and initial public offerings (IPOs) underpricing of stocks. The population of this study is the companies listed
Navid Reza Namazi, Pedram Azizi
doaj +1 more source
E-Jurnal Manajemen, 2019 This study aims to analyze the influence of the factors that influence underpricing on the Initial Public Offering (IPO). The sample of this study amounted to 102 companies that experienced underpricing in 2013-2017 which were listed on the Indonesia ...
Anak Agung Gede Jayanarendra +1 more
doaj +1 more source
Academy of Management Journal, 2017 There are competing theoretical explanations and conflicting empirical evidence for the initial public offering (IPO) underpricing phenomenon in family firms.
J. Kotlar +3 more
semanticscholar +1 more source
The Role of Admission Documents on the Pricing of UK Fixed Priced IPOs [PDF]
, 2018 Using text sentiment analysis, we investigate the impact of the length of prospectuses on IPO pricing for a sample of UK Fixed Priced IPOs between 2004 and 2012 and show more information in the prospectus improves price accuracy as longer admission ...
Falconieri, S., Tastan, M.
core +1 more source