Initial Public Offerings in China: Underpricing, Statistics and Developing Literature
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.
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.
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
ISSN : 0275-5319
Research Institute : Finance and Banking Research Group (FiBRe)
Peer Reviewed : Yes