Christie, Angelina; Houser, Daniel - In: Review of Behavioral Finance 11 (2019) 2, pp. 102-127
Purpose: The purpose of this paper is to test whether underpricing can serve as a signal of quality in a financing-investment environment and to compare it under the two institutions for financing offers that are commonly observed in corporate financial markets: take-it-or-leave-it offer (TLO)...