underpricing in China, we examine the impact of local political uncertainty (measured by prefecture-level city official turnover … rate) on IPO underpricing. Design/methodology/approach - Using 2,259 IPOs of A-share listed companies from 2001 to 2019, we …) through which political uncertainty affects IPO underpricing. We check the robustness of the results using bootstrap tests …

This study explores the impact of IPO prospectus language on the prevalent underpricing in European IPOs, using natural …, positive, and uncertain language, as well as the degree of document similarity and IPO underpricing. For this purpose … methodological approaches to textual analysis. The results establish a clear relationship between underpricing and multiple …

The effect of uncertainty on IPO underpricing, short-term performance after IPO, and hot-and-cold-IPO market cycles … Covid-19 pandemic with a focus on the Turkish IPO market. Measuring the underpricing and aftermarket performance of IPOs … examine how underpricing and aftermarket performances are influenced by Covid-19 and some uncertainty proxies, such as some …

established by the structuring agent. On the other hand, underpricing is an indirect cost for the company, as, part of the offer … underpricing event. Noteworthy among the determinants are the reputations of the underwriter and share issuer, the presence of …

(IPOs), both at the level of initial underpricing and at the level of 1-, 3- and 5-year performance. Our results represent a … anomaly that occurs on the first day of IPO listing, i.e., underpricing, whereas this study is more ambitious; it considers … the institutional effect on both underpricing and the long-term performance of the IPOs considered, which makes it …