Management ownership and IPO underpricing an empirical study of Singapore IPOs

• Main Authors: Lim, Boon Hui, Tee, Sandy Chee Han, Vithayathil, Thomas Sebastian
• Other Authors: Sen, Nilanjan
• Format: Theses and Dissertations
• Published: 2008
• Subjects: DRNTU::Business::Finance::Equity
• Online Access: http://hdl.handle.net/10356/7639
• Institution: Nanyang Technological University

This paper is an empirical study to verify the validity of certain aspects of IPO underpricing proposed by Aggarwal et al. (2002), in the Singapore IPO market between 1998 and 2002. We focus on testing the hypothesis that increased management ownership of the firm leads to increased first day IPO un...