Mazouz, Khelifa; Saadouni, Brahim; Yin, Shuxing - In: Journal of Multinational Financial Management 18 (2008) 3, pp. 209-228
This study examines the long-term price performance of share-only versus unit IPOs issued on the Hong Kong Stock Exchange during 1990-2002. Our main objective is to test the extent to which the agency cost and signaling models explain the reasons for unit IPOs issuance using the long-term price...
