The consequences of shifting the IPO offer pricing power from securities regulators to market participants in weak institutional environments: Evidence from China
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DOI: 10.1016/j.jcorpfin.2016.10.007
Abstract: We examine the consequences of shifting the IPO offer pricing power from securities regulators to market participants in a representative weak investor protection country, China. We show IPO offer prices relative to reported earnings are… read more here.
Keywords: securities regulators; market participants; ipo offer; market ... See more keywords