Shu, Pei-Gi; Yeh, Yin-Hua; Su, Yu-Hui - In: Emerging Markets Finance and Trade 45 (2009) 3, pp. 67-82
We investigate the causes and consequences of the decisions made by an initial public offering (IPO) reviewing committee using a unique data set from Taiwan. Firms that were approved for listing are associated with better financial performance measures and are larger in equity size. Whether the...