The Chinese stock market with its unique institutions is rather different from western stock
markets. The average underpricing of Chinese IPOs is 247%, the highest of any major world …

The empirical evidence of high initial return from Initial Public Offerings (IPO) phenomena
known as underpricing. From last three decades, it is an ongoing issue of every financial …

This paper aims to analyse financial integration in the emerging markets of Latin America in
the context of the dot-com and subprime financial crises. To do so, different approaches …

We review more than two decades of literature on initial public offerings (IPOs) in China,
discussing the research hypotheses that have been studied as well as the main findings. We …

The aim of this paper is to analyse integration and test the hypothesis of an efficient market,
in its weak form, in sixteen international financial markets. The sample covers the period …

We studied the IPO price and long-term performance in China after the adoption of the book-
building pricing mechanism. Using comparable firm value, we separated the IPO initial …

We examine how stock market reforms in China impact the certification role of underwriters
in reducing substantial IPO under-pricing. In a broad strategy for economic growth, stock …

Female entrepreneurs and CEOs generally face greater challenges in securing funding to
exploit entrepreneurial opportunities, yet contextual factors under which such challenges are …

We analyze the influence of political connections on firms' access to capital and the ensuing
effect on the cost of raising capital. Using a dataset of 413 IPOs from 2009 to 2012, we …

This study draws on institutional theory to explore the relationship between family
involvement, governmental connections, and initial public offering (IPO) underpricing in …