signaling hypothesis, Chinese IPO firms exhibit increased operating/stock performance subsequent to bonus issues. Interestingly …

The signaling hypothesis suggests that firms have incentives to underprice their initial public offerings (IPOs) to … empirical evidence on the signaling hypothesis was weak, Francis et al. (2010) show that foreign firms from segmented (rather … players. Hence, the attractiveness of the signaling strategy seems to be related to the a priori level of information …

This study investigates whether patents can be a useful signaling tool for the IPO performances among high- and low … IPO firms from a more risk-averse market, Japan, to fill in the gaps in the literature, examining the signaling effect of … applications prior to IPO from high-tech have relatively weaker signaling effects to compare with low-tech IPOs. Using the OLS …

signaling theory. Data on 348 IPO firms listed on Bursa Malaysia over a span of 17 years from 2002 to 2018 were examined using a … to the signaling theory, indicating that the demand for IPOs will be slightly higher for larger firms listed in bigger …