How well did the stock market treat industry? : evidence from initial public offerings on the London Stock Exchange over the twentieth century
The IPO market provides owners of firms and entrepreneurs with an exit for their equity investments and the opportunity to raise new capital. One empirical measure of how good a job the stock market has done for issuing firms over time is IPO underpricing. Yet, nothing is known about underpricing in...
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London School of Economics and Political Science (University of London)
2005
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| Online Access: | http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.421908 |