Initial Public Offerings in China: Underpricing, Statistics and Developing Literature

Date

2018-04-30

Advisors

Journal Title

Journal ISSN

ISSN

0275-5319

Volume Title

Publisher

Elsevier

Type

Article

Peer reviewed

Yes

Abstract

We review more than two decades of literature on initial public offerings (IPOs) in China, discussing the research hypotheses that have been studied as well as the main findings. We summarize past and current developments in the literature and highlight the research problems which have not yet been adequately resolved. We provide updated information on the popularity of IPOs and allocation mechanisms over the last 25 years as well as on the underpricing that is associated with the usage of each IPO allocation mechanism. We also suggest new avenues for future research, based on the identified gaps in the extant literature.

Description

The file attached to this record is the author's final peer reviewed version. The Publisher's final version can be found by following the DOI link.

Keywords

Allocation Mechanisms, China, IPO, Underpricing, Governance, Underwriter Reputation

Citation

Azevedo, A., Guney, Y., Leng, J., (2018) Initial Public Offerings in China: Underpricing, Statistics and Developing Literature. Research in International Business and Finance, 46, pp. 387-398

Rights

Research Institute

Finance and Banking Research Group (FiBRe)