that underpricing was not followed by underperformance, as is usually observed with IPOs, but rather strong outperformance …

discount at privatization IPOs than at private issues, and a positive relation between underpricing and the proportion of … political objectives by selling shares at discount. Besides, the results show larger initial returns at early IPOs compared to …

. We find no partial adjustment phenomenon, as has been documented for U.S. IPOs. We thus find no evidence that … price ranges are set, when-issued trading commences and indicates how IPOs should be priced in the primary market. However …

Public Offerings (IPOs) and policy-related implications of the above. The study attempts to piece together evidence from the …

Some labor markets have recently developed formal signalling mechanisms, e.g. the signalling for interviews in the job … signalling mechanism is harmful for this environment. Though signals transmit previously unavailable information, they also … facilitate information asymmetry that leads to coordination failures. As a result, the introduction of a signalling mechanism …