Cao, Qilin; Tang, Yingkai; Yuan, Na - In: Chinese Economy 46 (2013) 6, pp. 50-66
Using data from companies listed on the Growth Enterprise Market (GEM) from 2009 to 2010, this article investigates the effect of venture capital firms on initial public offering (IPO) underpricing. The empirical results suggest that venture capital firms have a limited and weak role in...