Hill, Paula - In: Journal of Business Finance & Accounting 33 (2006-01) 1-2, pp. 102-126
<link rid="b20">Stoughton and Zechner (1998)</link> and <link rid="b4">Brennan and Franks (1997)</link> argue that underpricing can be employed to determine post IPO ownership structure, and thereby to influence monitoring and/or control of the company post issue. This paper employs unique data relating to shareholdings of firms listing on...