Lu, Cheng; Kao, Lanfeng; Chen, Anlin - In: Review of Quantitative Finance and Accounting 39 (2012) 4, pp. 423-445
Information asymmetry and value uncertainty causes high -research and development (R&D) or high-tech Initial Public Offerings (IPOs) to become underpriced. Venture capital can serve as a moderator to mitigate the information asymmetry and value uncertainty to reduce IPO underpricing. High-tech...