Zhang, Xiao-cheng; Zhang, Miaomiao; Huang, Shao-an; … - In: Financial innovation : FIN 1 (2015) 11, pp. 1-14
further explains the cause of the high IPO underpricing long-standing in China. … underpricing. How to develop scientific and reasonable IPO pricing, and reduce the high IPO underpricing has become a major … challenge for China's securities market. Methods: In this paper, using behavioral finance theory and game theory, we build the …