Gagne de la cryptomonnaie GRATUITE en 5 clics et aide institut numérique à propager la connaissance universitaire >> CLIQUEZ ICI <<

II-1)Asymmetric information:

Non classé

The key parties to an IPO transaction are the issuing firm, the bank underwriting and marketing the deal, and investors. Asymmetric information models assume that one of these parties knows more than the others.

Page suivante : II-1-1)The issuer is more informed than the investors: Welch (1989) and others assume that the issuer is better informed about its true value.

Retour au menu : Investor Sentiment and Short Run IPO Anomaly: A Behavioral Explanation of Underpricing