Ali Akyol
Ali Akyol
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underpricing
Do Regulatory Changes Affect the Underpricing of European IPOs?
We examine how the adoptions of corporate governance codes by Member States of the European Union (EU) have affected IPO underpricing on Member State-regulated market. We find that, on average, IPO underpricing declined on Member State-regulated markets after Member States adopted corporate governance codes containing SOX-like provisions.
Ali C. Akyol
,
Tommy Cooper
,
Michele Meoli and Silvio Vismara
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