Purpose – The purpose of this paper is to investigate the relationship between auditor industry differentiation (specialization) and the underpricing of initial public offerings (IPOs). The intention is to determine whether IPO firms – particularly those in the small firm segment of the...

Purpose – The purpose of this paper is to examine differences in underpricing for initial public offerings (IPOs) brought to market in Hong Kong, Singapore, and the United States. It intends to determine whether IPO pricing accuracy in Hong Kong is facilitated by the development and...