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Deutschland, Österreich, der Schweiz, Italien und Frankreich von 1997-2003 die Höhe des Underpricing unter Berücksichtigung der …
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Potential conflicts of interest arise when IPO underwriters allocate IPO shares to their affiliated funds. We hypothesize that such nepotism incentives affect IPO pricing. Using a novel hand-collected dataset, we find support for this hypothesis in a regression discontinuity design (RDD): a one...
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