This study investigates subscription rates across institutional and non-institutional retail investors for 149 initial public offerings listed in Indian stock market. We document a positive relationship between underpricing and subscription rate of all investor groups. We also find a significant...

An important component of this institutional framework supporting investment in new technologies is venture capital institutions. A group of developing countries, especially from Asia has been rather successful in establishing and nurturing this way of financing new technologies. The present...

This paper analyses the performance of all IPOs in the Malaysian stock market between 1995 to October 1997. The effects of underpricing are examined based on the two trading boards, the main and second board. This study extends the analysis by examining the IPOs performance by the size of...

This study investigates whether corporate governance can discipline opportunistic earnings management during IPO process and thus enhance long-run stock returns. Using a sample of IPOs in Taiwan, the study shows that there is a negative relation between pre-IPO discretionary current accruals...