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This paper presents an experimental investigation of a financing-investment environment under asymmetric information. It examines the underpricing-signaling hypothesis. Importantly, the paper tests and compares this hypothesis under the two institutions for financing offers that are commonly...
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This paper presents a first experimental investigation of the underpricing-signaling hypothesis in a financing-investment environment under asymmetric information. Importantly, the paper tests and compares this hypothesis under the two institutions for financing offers that are commonly observed...
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