A Note on Firms' Strategic Behaviour During an IPO

When potential shareholders cannot observe the business conditions of the firms, the latter desiring to acquire capital by an IPO and operating under less favourable business conditions have a strong incentive to appear more successful.

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Year of publication:	2002-02
Authors:	Weiß, Pia ; Mai, Stefan
Institutions:	Institut für Wirtschaftspolitik, Wirtschafts- und Sozialwissenschaftliche Fakultät
Subject:	IPO \| asymmetric information \| signalling game

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Extent:	application/pdf
Series:	IWP Discussion Paper Series.
Type of publication:	Book / Working Paper
Notes:	Number 01/2002
Classification:	D82 - Asymmetric and Private Information
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005342403