We examine the impact of internationalization on IPO underpricing in China. Our findings, which suggest that internationalization can reduce IPO underpricing, echoes similar findings in the literature. However, we document that the transmission channel is not consistent with a diversification...

The literature on strategic alliances generally suggests that such alliances create benefits for the firms involved. However, these studies primarily focus on seasoned firms. Leveraging the availability of three years of pre-IPO data for Chinese firms, we examine the impact of customer strategic...