Cotter, Julie; Goyen, Michelle; Hegarty, Sherryl - In: Accounting and Finance 45 (2005) 1, pp. 95-125
In the present paper we examine the setting of offer prices for Australian industrial initial public offers (IPOs) by fixed price offers. Our investigation focuses on the associations between offer prices and both market prices and accounting based measures of intrinsic value. Fixed-price offers...