Previous research suggests that internationalization affects initial public offering (IPO) performance in the short term, but it less is known about the founders' role in the relationship between internationalization and IPO performance. The objectives of this study were to investigate...

The signaling hypothesis suggests that firms have incentives to underprice their initial public offerings (IPOs) to signal their quality to the outside investors and to issue seasoned equity (SEO) at more favorable terms. While the initial empirical evidence on the signaling hypothesis was weak,...