Yan, Chao; Li, Zai; Wang, Jiaxin - In: China journal of accounting research : CJAR 16 (2023) 1, pp. 1-24
The system of central discipline inspections has become a key anti-corruption governance tool in China since 2013. This paper investigates the impact of a central discipline inspection of the China Securities Regulatory Commission (CSRC) on initial public offering (IPO) underpricing. We find...