Liu, C.; Chung, C. Y. - In: Applied Financial Economics 23 (2013) 5, pp. 393-402
This article studies a sample of 225 Chinese A-share Seasoned Equity Offerings (SEOs) from 1999 to 2007. We compare a novel underpricing measure with a Stochastic Frontier Approach (SFA) as in Koop and Li (2001) to the conventional measure based on the difference between primary market price and...
