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The impact of governance on IPO underpricing and performance at the country and corporate level : literature review and research directions

Maximiliano González et al.

Review of Development Finance2020article
AJG 2
Weight
0.39

What the paper says

We update and review the current literature on IPO underpricing and performance, stressing the link with corporate governance at the country and firm-level. We focus on the separation between ownership and control and the signaling that firms’ governance structure could send to the IPO market. It is clear from this review that improvements in governance institutions tend to reduce underpricing and affect IPO performance positively, but it is not entirely clear how governance at the firm level could impact IPOs’ underpricing and performance. As shown, there are many interesting avenues for further research in this area.

2 citations

Cite this paper

@article{maximiliano2020,
  title        = {{The impact of governance on IPO underpricing and performance at the country and corporate level : literature review and research directions}},
  author       = {Maximiliano González et al.},
  journal      = {Review of Development Finance},
  year         = {2020},
}

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The impact of governance on IPO underpricing and performance at the country and corporate level : literature review and research directions

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Evidence weight

0.39

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.12 × 0.4 = 0.05
M · momentum0.80 × 0.15 = 0.12
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.