Aktas, Ramazan; Karan, Mehmet Baha; Aydogan, Kürsat - In: Journal of Entrepreneurial Finance 8 (2003) 1, pp. 69-85
Previous research on IPOs has identified several factors or issue characteristics that play a role in the level of short term underpricing of initial public offerings. Some of those issue features are the firm size, market trend, size of the offer, investment banker reputation, method of...