Peng, Xuan; Jia, Yibo Franco; Chan, Kam C. - 2021
We examine the impact of internationalization on IPO underpricing in China. Our findings, which suggest that … internationalization can reduce IPO underpricing, echoes similar findings in the literature. However, we document that the transmission … asymmetry; and 2) enhances corporate governance so that agency problems are less severe, thus leading to lower IPO underpricing …