Akyol, Ali C.; Cooper, Tommy; Meoli, Michele; Vismara, … - In: Journal of Banking & Finance 45 (2014) C, pp. 43-58
codes by Member States of the European Union (EU) have affected IPO underpricing on Member State-regulated markets, where … underpricing declined on Member State-regulated markets after Member States adopted corporate governance codes containing SOX …-like provisions. We do not find a similar reduction in IPO underpricing on exchange-regulated markets. Our results are robust to …