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Published in 2018 at "Journal of Corporate Finance"
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…
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Keywords:
securities regulators;
market participants;
ipo offer;
market ... See more keywords