Underpricing is the common characteristic found in the Initial Public Offers to a greater extent. The present paper explores literature of underpricing, ownership, liquidity and performance of the Initial Public Offer (IPOs). IPOs have been available for decades in Indian stock markets and...

This is an empirical study that examines the underpricing and aftermarket long-term performance of IPOs in China and IPO underpricing. Corporate governance aspects that may play a role in IPOs, such as ownership structure and external directors, are studied.The study show that firms with higher...

The controlling shareholder of a firm may suffer from its control of the firm due to unfavorable market reactions associated with concerns on his private benefit extraction. Thus, the controlling shareholder has an incentive to build a good governance mechanism as a commitment device to...