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STOCK MARKET CRISIS AND IPOS UNDERPRICING: EXPERIENCE FROM INDIAN STOCK MARKET
2012
International Journal of Accounting and Financial Management Research
unpublished
Initial public offer (IPOs) is a prominent milestone in the life cycle of a firm and has a significant effect on the firm's performance. Worldwide, underpricing is one of the most observed anomalies in the new issue market. In this paper, we describe the impact of Indian stock market crisis on initial performance of IPO underpricing and to examine the changes occurs, due to the market crisis. We composed variables the likes of firm's age, issue size (total amount to be raised), market
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