Park, Kyung Hee; Byun, Jinho - In: Global business and finance review 27 (2022) 1, pp. 65-82
/methodology/approach: We examine the relationship between board diversity and IPO underpricing by collecting data on the board size and …-day return (35.24%), similar to the results of previous studies on IPO underpricing, but the underpricing decreases with an … IPO prices, together with how diversity affects the future value of firms. However, this study still has some limitations …