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Do anti-takeover provisions restrain IPO underpricing? An analysis from the perspective of information asymmetry

Based on the textual-analyzed data covering 2148 IPO firms in China’s stock market during the 2007–2018 period, the authors’ purpose is to examine the influence of anti-takeover provision (ATP) adoption on initial public offerings (IPO) underpricing and identify the reducing effect of the former. Th...

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Autori principali: Kejing Chen, Xiaolin Li, Qingqing Wan, Jing Ye, Mo Yang
Natura: Artigo
Lingua:Inglês
Pubblicazione: Emerald Publishing 2024-03-01
Serie:China Accounting and Finance Review
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Accesso online:https://www.emerald.com/insight/content/doi/10.1108/CAFR-10-2022-0111/full/html
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