Xie, Yamin; Li, Zhichao; Ouyang, Wenjing; Wang, Hongxia - In: China Accounting and Finance Review 27 (2025) 1, pp. 40-71
Purpose - Political factors play a crucial role in China's initial public offering (IPO) market due to its distinctive … institutional context (i.e. "economic decentralization" and "political centralization"). Given the significant level of IPO … rate) on IPO underpricing. Design/methodology/approach - Using 2,259 IPOs of A-share listed companies from 2001 to 2019, we …