Trusting the stock market: Further evidence from IPOs around the world
Using an international sample of IPO firms from 36 countries and a country-level index for societal trust, we find strong evidence that societal trust is negatively associated with the degree of IPO underpricing. In cross-sectional analyses, we find that the effect of societal trust in reducing IPO...
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| Main Authors: | , , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2022
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soa_research/1975 https://ink.library.smu.edu.sg/context/soa_research/article/3002/viewcontent/SSRN_id4119385.pdf |
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| Institution: | Singapore Management University |
| Language: | English |