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  1. 1. Does Board Structure Impact IPO Underpricing? - Evidence from Sweden

    University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering; Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Alex Torgersson; Marc Bergmann; Maria Lindholm; [2018]
    Keywords : Initial Public Offerings; Underpricing; Corporate Governance; Board Characteristics; Board Independence;

    Abstract : This paper applies a mixed research method and signaling theory to study the effect of certain board characteristics on IPO underpricing in Sweden. By examining 316 IPOs and 1,678 board members between 2014 and 2018 through various regressions, the analysis demonstrates that board size, board diversity, and education as a proxy for competence, are not correlated with underpricing. READ MORE