This study investigates differences in IPO underpricing between family and nonfamily firms. Using a sample of 1,743 IPOs occurring in seven European countries from 1995 to 2011, we show that the relationship between family firm status and IPO underpricing is contingent on the degree of share retention.
(2015). The rate of substitution between economic and socioemotional wealth in family firm IPO underpricing [journal article - articolo]. In ACADEMY OF MANAGEMENT ANNUAL MEETING PROCEEDINGS. Retrieved from http://hdl.handle.net/10446/194333
The rate of substitution between economic and socioemotional wealth in family firm IPO underpricing
Vismara, Silvio
2015-01-01
Abstract
This study investigates differences in IPO underpricing between family and nonfamily firms. Using a sample of 1,743 IPOs occurring in seven European countries from 1995 to 2011, we show that the relationship between family firm status and IPO underpricing is contingent on the degree of share retention.File allegato/i alla scheda:
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