terms exhibit a larger increase in sensitivity to borrowers' FRQ. These results suggest that post-privatization: (1) CSBs …

underpricing at SIP-time. We find that poor perfirmance and financing constraints, reflected by a low profitability and high … relinquish its majority stake at SIP-time. The detfirminants of underpricing further illustrate the uniqueness of SIPs compared … decision, we find that the fraction of ownership divested is significantly positively related to underpricing. …

We study the short-run and long-run performance of Chinese privatization initial public offerings (PIPOs), using data … perform better in the long-run tend to make more Seasoned Equity Offerings (SEOs), and the underpricing of IPOs is negatively …

This is an empirical study that examines the underpricing and aftermarket long-term performance of IPOs in China and … IPO underpricing. Corporate governance aspects that may play a role in IPOs, such as ownership structure and external …

family involvement and political connection affect firms' IPO underpricing. Especially, we investigate how underpricing … offering pricing, that is lower IPO underpricing rate; but companies with ordinary political connection don't enjoy this …), political connection doesn't affect underpricing, but family involvement helps firm achieving lower underpricing. In regions …

This paper examines the impact of economic policy uncertainty on initial public offering (IPO) underpricing, using a … large sample of IPO firms in China. We find that heightened economic policy uncertainty leads to increasing IPO underpricing … relationship between economic policy uncertainty and IPO underpricing is stronger for small firms, firms with less analyst …

Chinese data enable investigation of the relationship between underpricing of initial public offerings (IPOs) and legal … 2009 shows that firms from a province with more developed legal framework experience less underpricing after controlling … for time-invariant, province-fixed effects. We also find that the extent of underpricing is decreased by the strength of …