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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| Main Authors: | , , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2024
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| Subjects: | |
| 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 |