We compare the IPO issuing firms in India that disclose risk in their advertisements with the firms that do not disclose risk and find 31% higher underpricing in firms that disclose risk. For the risk disclosing firms we find a significantly higher subscription from institutional investors. The...

A faster pace of business-efficiency reforms in emerging economies creates a hyper-competitive business landscape, with global firms arriving with significantly better resources posing enormous challenges to incumbent firms. Using a data set of 55,068 firm-year observations from 37 nations...

Purpose The purpose of this paper is to examine whether firm-level corporate governance measures and regulatory reforms constrain manipulation of operating cash flows, an important firm performance indicator. Design/methodology/approach The sample comprises firms from an emerging market, India,...