Government certification and IPO initial returns under the registration-based system: new evidence from Chinese stock markets
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DOI: 10.1080/00036846.2024.2425449
Abstract: ABSTRACT This study explores the influence of government certification on Initial Public Offering (IPO) initial returns in China’s stock market post the registration-based reform. Applying stochastic frontier analysis (SFA), we dissect initial returns into deliberate… read more here.
Keywords: initial returns; government certification; ipo initial; certification ... See more keywords