Liquidity Benefits from Underpricing: Evidence from Initial Public Offerings Listed at Karachi Stock Exchange
Published By: Pakistan institute of Development Economics (PIDE)This study explains the underpricing phenomenon through the relationship of underpricing (initial returns), ownership structure and aftermarket liquidity empirically by using cross-sectional data of 59 IPOs issued at Karachi Stock Exchange from 2000 to 2012.
Author(s): Malik Muhammad Shehr Yar, Attiya Yasmin Javid | Posted on: Feb 03, 2016 | Views() | Download (182)