Financial literacy and IPO underpricing

Financial literacy and IPO underpricing

Using an international sample of IPO firms and two country-level measures of financial literacy, we find strong evidence that financial literacy is negatively associated with IPO underpricing. In cross-sectional analyses, we find that the effect of financial literacy in reducing IPO underpricing is...

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Bibliographic Details
Main Authors: JIA, Xiaoran, KANAGARETNAM, Kiridaran G., LIM, Chee Yeow, LOBO, Gerald J.
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2024
Subjects:
Accounting
Corporate Finance
Portfolio and Security Analysis
Online Access:https://ink.library.smu.edu.sg/soa_research/2010
https://ink.library.smu.edu.sg/context/soa_research/article/3037/viewcontent/financial_literacy_and_ipo_underpricing_pv.pdf
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Institution: Singapore Management University
Language: English

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https://ink.library.smu.edu.sg/soa_research/2010
https://ink.library.smu.edu.sg/context/soa_research/article/3037/viewcontent/financial_literacy_and_ipo_underpricing_pv.pdf

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