IPO Underpricing: The Role of Expected Future Business Conditions
In this paper, I explore whether the expected economic condition plays a role in determining the degree of IPO underpricing. My hypothesis is that given the current condition, the IPO underpricing is higher when the expected economic condition is worse. I test the hypothesis on the aggregate level a...
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| Format: | Others |
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Scholarship @ Claremont
2019
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| Online Access: | https://scholarship.claremont.edu/cmc_theses/2050 https://scholarship.claremont.edu/cgi/viewcontent.cgi?article=3106&context=cmc_theses |