Xie, Yamin; Ouyang, Wenjing; Wang, Hongxia - In: China Accounting and Finance Review 27 (2025) 1, pp. 40-71
underpricing in China, we examine the impact of local political uncertainty (measured by prefecture-level city official turnover …) through which political uncertainty affects IPO underpricing. We check the robustness of the results using bootstrap tests …, adopting alternative proxies for political uncertainty and IPO underpricing and employing subsample analysis. Findings - Local …