We show that outward investment by Chinese firms with resource and asset seeking motives
and Indian firms with market-seeking motives diverged after the financial crisis of 2008, due …

This paper provides the first empirical examination of the Entrepreneurial Wealth Losses
(EWL) theory in explaining the global underpricing difference while simultaneously …

This paper examines impact of hiring reputable auditors, underwriters, and lawyers,“namely,
the three musketeers”, by issuing firms on the global IPO underpricing. We employ large and …

This study examines the effects of political affiliations as an external governance element on
various aspects of the IPO procedure in China. Within China, the significance of political …

The study considered the implication of corporate governance on the performance of quoted
deposit money banks in Nigeria. The deterioration of banks asset portfolios, largely due to …

This study assesses the impact of market-oriented reforms of the Chinese initial public
offering (IPO) system on investor speculation. The empirical results reveal that the …

As the Chinese financial market has recently opened to the world, the high initial public
offering (IPO) underpricing rate in the stock market has generated significant concern. This …

This paper constructs a practical framework to illuminate how political connections influence
the material performance of initial public offerings (IPOs) for Chinese firms. An important …

Firms going through an initial public offering (IPO) face many uncertainties. Geographic
distance between the firm headquarters and the major financial centers, where most …