The impact of environmental disclosure on initial public offering underpricing: sustainable development in Singapore

• Main Authors: Kang, Eugene, Lam, Nguyen Bao
• Other Authors: Nanyang Business School
• Format: Article
• Language: English
• Published: 2022
• Subjects: Business::General; Corporate Social Responsibility; Environmental Disclosure
• Online Access: https://hdl.handle.net/10356/162828
• Institution: Nanyang Technological University

This study applies signaling theory to examine the impact of environmental disclosures on equity underpricing at initial public offerings (IPO) when private firms list on stock exchanges. Firms often under-price their shares to attract investors as IPOs have high information asymmetry between firms...