Tian, Lihui (contributor) - 2002 - [Elektronische Ressource]
and the asymmetric information framework, Dewenter
and Malatesta (1997) conjecture that the magnitude of underpricing in … primary market demand the underpricing. Investors do not have
complete information about firms. If the shares are issued by …
Information asymmetry
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3.2 Share Issue Privatizations
Excessive underpricing needs to be interpreted within the …