Tharitsaya Kongkaew; Supa Tongkong; Sungworn Ngudgratoke - In: International Journal of Financial Studies : open … 9 (2021) 3, pp. 1-16
moderator variable where internationalization was a predictor variable and IPO underpricing, a proxy of IPO performance, was the … underpricing. A non-founder CEO had a moderating effect on the influence of internationalization on IPO underpricing, whereas a … founder CEO revealed no moderating effect. Specifically, internationalization had a negative effect on IPO underpricing once …