Using an econometric framework, we examine the nature of relation between Tobin's Q and family shareholding in India …

proliferate. One often hears about the incredible capital gains of IPO share prices. This paper refutes the myth that investors …

This paper attempts to extend the Certification Paradigm--mainly used in the literature as an explanation for IPO …

In this paper we examine the relationship between performance of the Chinese IPO firms and the reputation of investment … return on the first day of trading is strongly positive for Chinese IPO stocks due to underpricing. This initial return is … underpricing and hence, the lower the initial return of the IPO stock. Extending the analysis to a ten-day window after the first …

related to the riskiness of the IPO and negatively related to the degree of competition among investment bankers and the size … of the IPO. …

proliferate. One often hears about the incredible capital gains of IPO share prices. This paper refutes the myth that investors …

A signaling argument has recently been developed whereby IPO underpricing is a signal of future firm value. Only higher … and reissuance activity. Greater IPO underpricing is also found to be associated with greater levels of future equity …