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This study examines the impact of global financial crisis (GFC) on Initial Public Offering (IPO) underpricing in the … observed that IPOs initial returns (offer-to-close) are generally lower due to the crisis. Secondly, IPO underpricing provides … underpricing of IPO and oversubscription ratio. Lastly, this study dispels the notion that investors should totally shun IPO during …
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This study investigates the effect of institutional cross-ownership on stock price crash risk using a sample of Chinese listed companies during the period 2011–2021. We find that institutional cross-ownership can significantly reduce stock crash risk. After a series of robustness tests, the...
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Underpricing of Initial Public Offerings (IPO) has always been a big deal to see the money left on the table by the … ; macroeconomic changes ; underpricing …
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