The influence of group affiliation and the underwriting process on emerging market IPOs: The case of the Philippines
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...
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| Main Authors: | , |
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| Format: | text |
| Published: |
Animo Repository
2001
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| Subjects: | |
| Online Access: | https://animorepository.dlsu.edu.ph/faculty_research/2420 https://animorepository.dlsu.edu.ph/context/faculty_research/article/3419/type/native/viewcontent |
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| Institution: | De La Salle University |