We present an experimental study of investors' willingness to pay for socially responsible
assets. We design an initial public offering experiment in which various assets may be …

The underpricing of initial public offerings (IPO) is a well-documented fact of empirical equity
market research. Theories explain this underpricing with market imperfections. We study …

Abstract In 2009, the Securities Exchange Board of India allowed qualified institutional
investors to anchor initial public offerings (IPOs) by participating in the issue at a price and …

As recently as three decades ago, human factors were rarely considered in theoretical and
empirical research in finance (Miller, 1986). However, this has gradually changed …

We study how ongoing relationships between lead underwriters and institutional investors
affect initial public offering (IPO) pricing. By introducing a new approach, we find that …

This study documents corporate culture at the time of initial public offering (IPO) and the
relationship between corporate culture at the time of IPO and firm financial performance …

Despite their theoretical efficiency in selling shares to the public, auctions are not the
preferred mechanisms in Initial Public Offerings (IPOs). Chemmanur and Liu (2006) and …

This article jointly examines the differences of laboratory versions of the Dutch clock open
auction, a sealed-bid auction to represent book building, and a two-stage sealed bid auction …

We offer experimental and theoretical evidence that auction methods for initial public
offerings (IPOs) in the United States may be improved through hybrids that include a …

The underpricing of initial public offerings is a well-documented fact of empirical equity
market research. Theories explain this underpricing with market imperfections. We study …