A Note on Firms' Strategic Behaviour During an IPO
AbstractWhen potential shareholders cannot observe the business conditions of the firms, the latter desiring to acquire capital by an IPO and operating under less favourable business conditions have a strong incentive to appear more successful.
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Bibliographic InfoPaper provided by EconWPA in its series Microeconomics with number 0201003.
Length: 6 pages
Date of creation: 30 Jan 2002
Date of revision:
Note: Type of Document - Tex; prepared on IBM PC; pages: 6; figures: no
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IPO; asymmetric information; signalling game;
Other versions of this item:
- Pia Weiß & Stefan Mai, 2002. "A Note on Firms' Strategic Behaviour During an IPO," IWP Discussion Paper Series 01/2002, Institute for Economic Policy, Cologne, Germany.
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
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