Geng, Peixuan; Tan, Qingmei - In: Journal of business economics and management 22 (2021) 2, pp. 537-556
the impact of cultural values and the moderating effect of economic growth on IPO underpricing issued by Chinese companies … underpricing; in markets with higher uncertainty avoidance scores, masculinity, individualism, or indulgence, IPOs experience lower … underpricing. The greater the multidimensional cultural distance is to the Chinese A-share market, the less underpricing IPOs …