Corporate governance and IPO underpricing in a cross‐national sample: A multilevel knowledge‐based view

@article{Judge2015CorporateGA,
  title={Corporate governance and IPO underpricing in a cross‐national sample: A multilevel knowledge‐based view},
  author={W. Q. Judge and M. Witt and Alessandro Zattoni and Till Talaulicar and Jean Chen and K. Lewellyn and H. Hu and Dhirendra Shukla and R. Bell and J. Gabrielsson and Felix Lopez and S. Yamak and Y. Fassin and D. McCarthy and J. L. Rivas and S. Fainshmidt and H. Ees},
  journal={Southern Medical Journal},
  year={2015},
  volume={36},
  pages={1174-1185}
}
type="main" xml:id="smj2275-abs-0001"> Prior studies of IPO underpricing, mostly using agency theory and single-country samples, have generally fallen short. In this study, we employ the knowledge-based view (KBV) to explore underpricing across 17 countries. We find that agency indicators are insignificant predictors, board of director knowledge limits underpricing, and external knowledge both substitutes for and complements internal board knowledge. This third finding suggests that future KBV… Expand

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