Why IPOs are Underpriced：Evidence from the Taiwan Stock Market
碩士 === 國立東華大學 === 財務金融學系 === 100 === This study finds that Initial Public Offerings (IPOs) are underpricing at issuance. We further investigate whether the IPO underpricing is owing to the effect of asymmetric information, agency theory, and investor irrational behavior. Our result shows: (1) Firm s...
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| Format: | Others |
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2012
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| Online Access: | http://ndltd.ncl.edu.tw/handle/njbj8k |