Čornanič, Aleš; Novák, Jiri - 2013
the SEO sooner after the IPO, all of which are consistent with the signaling hypothesis. This evidence suggests that the …The signaling hypothesis suggests that firms have incentives to underprice their initial public offerings (IPOs) to … empirical evidence on the signaling hypothesis was weak, Francis et al. (2010) show that foreign firms from segmented (rather …