Marisetty, Vijaya B.; Subrahmanyam, Marti G. - In: Journal of Financial Markets 13 (2010) 1, pp. 196-223
We document the effects of group affiliation on the initial performance of 2,713 initial public offerings (IPOs) in India under three regulatory regimes during the period 1990-2004. We distinguish between two competing hypotheses regarding group affiliation: the "certification" and the...