Empirical investigation of legal institution on underpricing : evidence from initial public offerings.

The main aim of this study is to make use of investor protection and accounting regulation to capture the essential elements of the legal environment and predict that strong legal environment that leads to improved corporate governance, earnings quality and disclosure will reduce information asymmet...

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Bibliographic Details
Main Authors: Chng, Xue Ru., Loy, Le Ting., Teo, Johnny Kim Soon.
Other Authors: Lim, Chee Yeow
Format: Final Year Project
Published: 2008
Subjects:
Online Access:http://hdl.handle.net/10356/9948
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Institution: Nanyang Technological University
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Summary:The main aim of this study is to make use of investor protection and accounting regulation to capture the essential elements of the legal environment and predict that strong legal environment that leads to improved corporate governance, earnings quality and disclosure will reduce information asymmetry, and hence IPO underpricing.