Jiang, Fei; Leger, Lawrence A. - In: Journal of Financial Economic Policy 2 (2010) 3, pp. 251-272
Purpose – The purpose of this paper is to investigate the changes in initial public offering (IPO) underpricing and short‐run performance following a regulatory reform (No. 54 [2002] China Securities Regulatory Commission (CSRC)) of the method of allocating IPO shares in China....