The influence of group affiliation and the underwriting process on emerging market IPOs: The case of the Philippines

• المؤلفون الرئيسيون: Sullivan, Michael J., Unite, Angelo A.
• التنسيق: text
• منشور في: Animo Repository 2001
• الموضوعات: Going public (Securities) > Philippines; Securities > Philippines; Economics
• الوصول للمادة أونلاين: https://animorepository.dlsu.edu.ph/faculty_research/2420; https://animorepository.dlsu.edu.ph/context/faculty_research/article/3419/type/native/viewcontent
• المؤسسة: De La Salle University

In this paper we document underpricing and aftermarket returns of Philippine IPOs, discuss specific features of the Philippine IPO market, and investigate whether differential underpricing occurs due to certification considerations or potential conflicts of interest. We find that IPO underpricing is...