Chen, Hsuan-Chi; Fok, Robert C. W.; Wang, Yu-Jen - In: Journal of Business Finance & Accounting 33 (2006-09) 7-8, pp. 979-1005
In Taiwan, underwriting fees for initial public offerings (IPOs) are extremely low compared to fees in other countries. From 1989 to 1999, the average underwriting fee for IPOs in Taiwan is 0.99%-far below the regulatory limit. Although the Taiwanese underwriting industry is highly concentrated,...