Naifar, Nader - In: Journal of Emerging Market Finance 10 (2011) 3, pp. 311-336
findings show that IPOs underpricing is mainly explained by the signalling and the market characteristics hypotheses. The …This article tests four hypotheses (signalling, market tendency, market characteristics and the ex ante uncertainty and … information asymmetry) to explain the initial public offerings (IPOs) underpricing in the Tunisian market. Most of the empirical …