Yüksel, Aydin; Yüksel, Asli - In: Journal of Entrepreneurial Finance 11 (2006) 3, pp. 57-78
Recent evidence from U.S. markets shows that IPO underpricing is associated with high liquidity for issuing firms. One explanation given for this link is that IPO firms simultaneously decide on share retention and underpricing to maximize aftermarket liquidity. We use data from the Istanbul...