consists of 306 firms. In the IPO context, audit quality can be used as a signal about firm value (information signalling). On … the other hand, it can also be used by issuers and underwriters as a means of reducing their liability and reputation … by IPO firms seems to be dominated by 'insurance signalling', whereas 'information signalling' seems to be of minor …

This study examines the initial price performance of family and non-family controlled IPO firms listed on the … indicates that family and non-family IPO firms use fractional ownership to signal the value of the firm. These findings provide …

abnormal returns in “connected” stocks when their prime brokers also serve as IPO underwriters, indicating that such …Using hedge funds' holdings of IPO stocks, we find that stocks with abnormally high hedge fund holdings, based on stock … and deal characteristics, yield abnormal returns. Moreover, hedge funds are able to sell IPO stocks in a timely fashion …