Francis, Bill B.; Hasan, Iftekhar; Sun, Xian - In: Journal of International Money and Finance 28 (2009) 4, pp. 696-719
We examine how political connections impact the process of going public. Specifically, we test how political connections impact the pricing of the newly offered shares, the magnitude of underpricing, and the fixed cost of going public. Based on the experience of the newly public firms from...
