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The academic literature on IPOs short run performance grown quite rapidly over the last decade, due to its puzzling phenomena of under pricing. The current study aims at conducting a non-systematic review of literature on the theories and empirical evidences of initial public offering (IPO)...
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Utilizing the latest research results in the fields of psychology and sociology, this study examines the relationship among fund manager behavior on the Chinese WeChat social media service, IPO discounting, and earnings volatility. Based on the Big Five model, described by Costa and McCrae in...
Persistent link: https://www.econbiz.de/10013004729
underpricing strengthens these incentives, resulting in a more informative post-IPO price and higher firm value. Firms' desires for … more informative post-IPO pricing lead to new rationales for IPO underpricing and the intermediating role of underwriters …
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negative effect on underpricing …
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top executives of issuers and underwriting banks result in significantly lower levels of IPO underpricing. We estimate the … problems. This corroborates the idea that the lower level of underpricing for connected companies reflects better flow of …
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