, but decrease the underpricing because of reduced asymmetric information. Our main results corroborate these hypotheses … underpricing of 6 pp, which is related to a reduced offer price adjustment. This supports our hypothesis that SOX represents a …

first time to general public, is known as initial public offering (IPO). The underpricing phenomenon and ownership structure … structor and initial underpricing for both group of IPOs. Methods: Event study methodology is used to compares short- and long … for investigating the relationship betwen underpricing and ownership structure for both group of IPOs. Results: We find …

The phenomenon of initial public offering (IPO) underpricing has been extensively researched in the literature, however …, the underpricing of family firms has received little attention. This is even more prevalent when it comes to underpricing … of family firms in an emerging market such as the Saudi Arabian market. This study explores the IPO underpricing …

bajo el término underpricing. El grado de underpricing varía en los mercados. En estudios realizados en Estados Unidos, se … han encontrado rendimientos del 36%, mientras que en China se ha tenido un underpricing del 298% y en Alemania del 46%. En … en el mercado mexicano existe una situación de underpricing en las IPO. …

increase in board diversity. Using first-day returns and Tobin's Q as measures of underpricing and firm value, respectively, we …Purpose: We investigate the impact of board diversity on initial public offering underpricing and firm value. Design …/methodology/approach: We examine the relationship between board diversity and IPO underpricing by collecting data on the board size and …

flipping. Both types of issues experience large and significant negative long-term returns, as share prices eventually return …

results show that the more profitable a firm is in the long run, the likelier positive initial stock returns move towards zero … significant relationship, underpricing is more prevalent in the United Kingdom than in the other sample countries. Originality …