IPO underpricing based on the asymmetric information theories

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dc.contributor.advisorFullbrunn, S.
dc.contributor.authorKorsten, Dirk
dc.date.issued2018-08-22
dc.description.abstractThis research draws conclusions about the European IPO market. The relative importance of asymmetric information theories that explain IPO underpricing are tested. Evidence is provided in favor of the changing issuer objective model. This model states that reputable underwriters have a positive impact on underpricing. The total number of underwriters has a negative effect on IPO underpricing, which is opposite to the expectation. When controlled for the endogeneity of the underwriters choice both results become insignificant. The results are compared with the American IPO market to explain the differences between the two markets.en_US
dc.identifier.urihttps://theses.ubn.ru.nl/handle/123456789/6172
dc.language.isoenen_US
dc.thesis.facultyFaculteit der Managementwetenschappenen_US
dc.thesis.specialisationFinancial Economicsen_US
dc.thesis.studyprogrammeMaster Economicsen_US
dc.thesis.typeMasteren_US
dc.titleIPO underpricing based on the asymmetric information theoriesen_US
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