Investing in Security Price Informativeness: The Role of IPO Underpricing.
Firms can enhance the information content of their future stock prices by using underwriters to direct underpriced IPO allocations to information-producing investors. Sufficiently large allocations and the promise of future, profitable IPO participation provide incentives for investors to increase i...
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Full Text (via ProQuest) |
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| Format: | Thesis eBook |
| Language: | English |
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Ann Arbor :
ProQuest Dissertations & Theses,
2014.
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