High credit rating IPOs and determinants of underpricing

@inproceedings{Bansal2013HighCR,
  title={High credit rating IPOs and determinants of underpricing},
  author={Rohit Bansal and Ashu Khanna},
  year={2013}
}
In this paper, we declare that such objective, autonomous and exogenous certifying mechanism provides a better opportunity to test the well-established credit rating hypothesis, especially in the context of emerging markets with institutional voids. Employing a sample of 142 Indian IPOs (January 2007 to December 2012), we also experiment Ex-ante uncertainty with the efficacy of IPO (Initial Public Offerings) grading mechanism. We procure; grading decreases IPO underpricing and positively… CONTINUE READING

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