Gao, Haoyu; Jiang, Ruixiang; Liu, Wei; Wang, Junbo; Wu, … - In: Advances in Pacific Basin business, economics and finance, (pp. 1-35). 2021
Using initial public offering (IPO) involuntary delisting data, this chapter examines whether and how motivated institutional investors affect the survivability of IPO firms. The empirical evidence shows that the likelihood of future delisting is much lower for IPOs with more motivated...