contributes to the underpricing literature by focusing on the complementary or rather competing role of venture capitalists and …/or underwritten by a top bank are expected to show less underpricing at the initial public offering (IPO) due to a reduced ex …

underpricing by 5.4 percentage points. Our evidence suggests that nepotism has real monetary costs for IPO issuers. We also use our … work: we find a strong positive association between IPO underpricing and affiliated allocations, which strengthens when …

underpricing of IPOs has existed, but has significantly decreased over time in our sample. Employing a mixture of distributions … shares in the early after-market and held them for more than three years experienced significantly lower returns than the …

Underpricing bezeichnet bei einer Aktienneuemission die positive Differenz zwischen Sekundärmarkt- und Emissionskurs … Erklärungsmodellen des Underpricing-Phänomens auf Basis der Agency-Theorie sowie Ableitung von Hypothesen zur Überprüfung von …. Sandra Bramhoff untersucht das Underpricing-Phänomen bei kleinen Unternehmen in Deutschland im Zeitraum von Oktober 2005 bis …