Eng, Li Li; Aw, Hwee Shan - In: Multinational Finance Journal 4 (2000) 1-2, pp. 133-153
This article investigates the impact of fundamentals of initial public offering (IPO) firms on two categories of investors, large and small investors. In the decision to purchase IPOs, the demand by large investors is positively associated with earnings yield, firm size and underpricing, and...