Signalling in the Internet Craze of Initial Public Offerings
本文档由 enbook 分享于2010-11-03 01:00
In this paper we analyze the clustering phenomenon of underpricing in initial public of- ferings (IPOs), where rms in a particular industry choose to issue their new shares at the same time and at great discounts. The industry consists of many rms that have private in- formation about their own qualities (high or low) and that must raise external capital rst befor..
君,已阅读到文档的结尾了呢~~