Board Composition, Share Ownership and "Underpricing" of U. K. IPO Firms  

Oleh:

Filatotchev, Igor ; Bishop, Kate

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Strategic Management Journal vol. 23 no. 10 (2002), page 941-956.
Topik: ipo; board; ownership; IPO; underpricing

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: SS30.10 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

Lihat Detail Induk

Isi artikel

Using a sample of 251 IPO in the united kingdom, this paper examines interlinks between executive and non executive characteristics, share ownership, and short - term performance measured in terms of shaer offer "underpricing". It argues that executives' power and previous experience directly affect ex ante choice of non executive dirextors and their ownership interests in the firm. These endegoneously developed governance factors may be used by IPO teams strategically to reduce the extent of underpricing. However, there is a selective response of investors to different board chracteristics and share ownership structure.

Opini Anda

Klik untuk menuliskan opini Anda tentang koleksi ini!

Kembali