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The Impact of Underwriter Reputation and Risk Factors on the Degree of Initial Public Offering Underpricing: Evidence from Shariah-Compliant Companies
2014
IAFOR Journal of Business & Management
IPO underpricing is an important factor used by investors to predict the profit from investment activities. Numerous empirical researches report the existence of IPO underpricing in various investment environments around the world. However, what the factors that result in such underpricing vary by country and those factors are still largely unexplored. This underpricing phenomenon is difficult to understand because various issues are related such as companies' performance, government policy and
doi:10.22492/ijbm.1.1.02
fatcat:zphhtk6btfgexb2rkew6wsrzhm