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Do differences in institutional and legal environments explain cross-country variations in IPO underpricing?

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We empirically analyse the determinants of Initial Public Offering (IPO) underpricing using panel data for 24 countries over the period 1988-2005. Our hypotheses stress the importance of institutional and legal factors in explaining cross-country variations. We find evidence that underpricing is hig...

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Bibliographic Details
Main Authors: Hopp, Christian (Author) , Dreher, Axel (Author)
Format: Article (Journal)
Language:English
Published: 2013
In: Applied economics
Year: 2013, Volume: 45, Issue: 4, Pages: 435-454
ISSN:1466-4283
DOI:10.1080/00036846.2011.605760
Online Access:Verlag, lizenzpflichtig, Volltext: https://doi.org/10.1080/00036846.2011.605760
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Author Notes:C. Hopp & A. Dreher
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Do differences in institutional and legal environments explain cross-country variations in IPO underpricing? by Hopp, Christian (Author) , Dreher, Axel (Author) ,


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