Lin, Hui Ling; Pukthuanthong, Kuntara; Walker, Thomas John - In: Journal of Corporate Finance 19 (2013) C, pp. 56-77
We examine the relationship between IPO underpricing and litigation risk in an international setting using a sample of 13,759 firms that went public across 40 countries between 1991 and 2011. While the majority of single-country studies do not find support for the lawsuit avoidance hypothesis,...