2018
DOI: 10.22495/cgsrv2i1p3
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Short-run price performance of IPOs and corporate governance practices: Evidence from a frontier market

Abstract: The short-run price performance of Initial Public Offerings (IPOs) indicates that the prices are often underpriced which is widely documented as a universal phenomenon. Corporate governance refers to the set of systems, principles and processes by which a company is governed. Establishing good corporate governance system in an IPO company makes good decisions which attract more outside investors. Therefore, this study examines whether there is any impact of corporate governance practices on short-run price per… Show more

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