Otchere, Isaac; Owusu-Antwi, George; Mohsni, Sana - In: Journal of International Financial Markets, … 27 (2013) C, pp. 76-98
cost of leaving too much money on the table. Interestingly, both underpricing and long-run returns of stock exchange IPOs … are related to proxies of the signaling hypothesis. On the basis of additional tests involving the stock exchange IPOs and …-monopoly hypothesis as a possible explanation for the strong long-run performance of stock exchange IPOs. …