The knowledge of equity style of PRS funds has benefited investors by mitigating the issue of asymmetric information between fund managers and investors. Using a return-based style analysis with PRS fund data from April 2013 to February 2015, our study found that: first, moderate funds have the...

This study examines the impact of global financial crisis (GFC) on Initial Public Offering (IPO) underpricing in the context of an emerging market from January 2006 to December 2011. Models consist of hierarchical and multivariate regressions have been evaluated. Our results show, firstly, by...