Banerjee, Suman; Dai, Lili; Shrestha, Keshab - In: Journal of Corporate Finance 17 (2011) 5, pp. 1289-1305
We study the impacts of country-level information asymmetry, investors' home-country bias, effectiveness of contract … underpricing. We find that lower cost to entice the block holders, measured by domestic investors' home-country bias, reduces IPO …