IDEAS home Printed from https://ideas.repec.org/a/sae/entthe/v48y2024i2p451-477.html
   My bibliography  Save this article

How Different Institutional Logics Affect the Female CEO Gender Effect on IPO Underpricing in China

Author

Listed:
  • Yu Luna Liu
  • Haemin Dennis Park
  • S. Ramakrishna Velamuri

Abstract

Female entrepreneurs and CEOs generally face greater challenges in securing funding to exploit entrepreneurial opportunities, yet contextual factors under which such challenges are more likely to arise are less understood. We find that female-led initial public offerings (IPOs) incur greater IPO underpricing, but this effect is moderated by their ownership structure, reflecting different institutional logics in which these firms operate. Specifically, the positive relationship between female CEOs and IPO underpricing is attenuated by venture capitalist ownership, whereas such a relationship is exacerbated by state ownership. Based on a sample of 958 IPOs in China between 2009 and 2015, this study corroborates these findings.

Suggested Citation

  • Yu Luna Liu & Haemin Dennis Park & S. Ramakrishna Velamuri, 2024. "How Different Institutional Logics Affect the Female CEO Gender Effect on IPO Underpricing in China," Entrepreneurship Theory and Practice, , vol. 48(2), pages 451-477, March.
    • Handle: RePEc:sae:entthe:v:48:y:2024:i:2:p:451-477
    DOI: 10.1177/10422587231170210
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/10422587231170210
    Download Restriction: no
    File URL: https://libkey.io/10.1177/10422587231170210?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:entthe:v:48:y:2024:i:2:p:451-477. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.