Show Summary Details

Page of

PRINTED FROM OXFORD HANDBOOKS ONLINE ( © Oxford University Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a title in Oxford Handbooks Online for personal use (for details see Privacy Policy and Legal Notice).

date: 25 January 2020

Abstract and Keywords

From 1998 to 2014, average IPO underpricing at the country level ranged from 1.2% in Argentina to 69.7% in China. What factors account for the high variability of IPO underpricing in the international cross section? This chapter reviews research attempting to answer that question. The chapter begins by providing current evidence on the extent to which IPO underpricing varies internationally. It then focuses on research that ties international underpricing differences to disclosure regulations and practices around the world. Next, the authors evaluate studies that attribute cross-country variation in underpricing in part to differences in corporate governance practices and legal institutions. The chapter concludes with some thoughts about directions for future research in this field.

Keywords: IPO, underpricing, regulation, international business, corporate governance

Access to the complete content on Oxford Handbooks Online requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.

Please subscribe or login to access full text content.

If you have purchased a print title that contains an access token, please see the token for information about how to register your code.

For questions on access or troubleshooting, please check our FAQs, and if you can''t find the answer there, please contact us.