(or minimisation of underpricing). The implications of these findings for Chinese policy makers and local as well as … foreign investors are significant. The high level of underpricing leads to a wealth transfer but it can be rationalised as an … the wealth transfer more equitable. The combination of a high level of underpricing and a small offer price makes the IPOs …

public offerings listed in Indian stock market. We document a positive relationship between underpricing and subscription …

privatization policy over time by underpricing, selling a high fraction at the initial offer and underpricing more when selling to …

The phenomena of IPO underpricing and underperformance are examined in the same rational model. In this model …, underpricing is caused by the presence of uninformed investors. Low-type firms carry out an IPO under the same conditions as high …

codes by Member States of the European Union (EU) have affected IPO underpricing on Member State-regulated markets, where … underpricing declined on Member State-regulated markets after Member States adopted corporate governance codes containing SOX …-like provisions. We do not find a similar reduction in IPO underpricing on exchange-regulated markets. Our results are robust to …

underpricing of IPOs has existed, but has significantly decreased over time in our sample. Employing a mixture of distributions …

asymmetry variables on the IPOs underpricing on the French market, based on the agency theory. The results have shown that the … securities' underpricing can be explained by variables related to information asymmetry between the different actors in the stock … shown that the ex-ante uncertainty is positively associated with the underpricing level. In addition, they have indicated …

underpricing, angel backed IPO firms do not, implying that angels may be the preferred investors for early-stage firms. …

Bursa Malaysia from 1999 to 2008, this study examines the relationship between board structures and IPO underpricing, a … underpricing in the Malaysian IPO market. Contrary to the prediction of this study, the results indicate that dual leadership … IPO underpricing. It appears that the separation of board chair and CEO positions signals low quality for the IPO firm …