We study the impact of country-level accounting conservatism on international IPO underpricing. Examining 13,285 IPOs … conservatism. The link between conservatism and underpricing is robust to alternative measures of conservatism, country mean … underpricing by mitigating the impact of information asymmetries, we find that higher country-level conservatism is associated with …

, high-reputation underwriters, and government involvement diminishes the influence of EPU on underpricing, while the effect …

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 …

We examine IPOs in Korea during the period August 2000-January 2002. We conclude that the high level of underpricing in … period the rules were changed somewhat. The result was a change to gaming behavior and somewhat less underpricing …

contributes to the underpricing literature by focusing on the complementary or rather competing role of venture capitalists and …/or underwritten by a top bank are expected to show less underpricing at the initial public offering (IPO) due to a reduced ex …

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 …

underpricing in IPOs through the use of a structural approach mode. The outcome is a proxy value that replicates investors …' flipping behavior. When tested empirically, the model predicts that on average 25% of underpricing exists to protect long …