Product diversification strategy, business group affiliation, and IPO underpricing: A study of Chinese firms

• Main Authors: WANG, A. Xiaodan, WAN, William P., YIU, Daphne W.
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2019
• Subjects: Business group; Institutional embeddedness; IPO underpricing; Political connections; Product diversification; Transition economies; Business; Business and Corporate Communications
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/7319; https://ink.library.smu.edu.sg/context/lkcsb_research/article/8318/viewcontent/Product_diversification_strategy_business_group_affiliation_and_IPO__2___1_.pdf
• Institution: Singapore Management University

Research Summary: Extant research has largely ignored if and how product diversification strategy influences IPO performance. We intend to fill this gap in the literature, especially in relation to transition economies where the role of diversification is institutionally bound. Specifically, drawing...