Effect of IPO Underpricing on Seasoned Offerings
نویسندگان
چکیده
منابع مشابه
Earnings Smoothing and the Underpricing of Seasoned Equity Offerings (SEOs)
We argue that high quality firms that expect larger quantity of cash flows in the near future are more likely to actively smooth earnings via discretionary accruals before seasonal equity offerings to reduce underpricing. If high quality firms are confident about future earnings, it is also plausible to assume that they also push their offer prices up more aggressively, and lessen the degree of...
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ژورنال
عنوان ژورنال: Korean Journal of Financial Studies
سال: 2019
ISSN: 2005-8187
DOI: 10.26845/kjfs.2019.10.48.5.589