Article ID Journal Published Year Pages File Type
5084992 International Review of Financial Analysis 2013 14 Pages PDF
Abstract
► We examine the impact of stock market system reform on IPO under-pricing in China. ► Two alternative proxies are developed to measure underwriter reputation. ► Underwriter reputation has a negative role on under-pricing after IPO system reform. ► The stock market reform helps reduce the magnitude of IPO under-pricing.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
An evaluation of the impact of stock market reforms on IPO under-pricing in China: The certification role of underwriters
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