A Note on Firms' Strategic Behaviour During an IPO

Pia Weiss () and Stefan Mai ()

No 01/2002, IWP Discussion Paper Series from Institute for Economic Policy, Cologne, Germany

Abstract: When 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.

Keywords: IPO; asymmetric information; signalling game (search for similar items in EconPapers)
JEL-codes: D82 (search for similar items in EconPapers)
Date: 2002-02
New Economics Papers: this item is included in nep-ent and nep-fin
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.iwp.uni-koeln.de/fileadmin/contents/dat ... en/DP/DP_01_2002.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.iwp.uni-koeln.de/fileadmin/contents/dateiliste_iwp-website/publikationen/DP/DP_01_2002.pdf [301 Moved Permanently]--> https://www.iwp.uni-koeln.de/fileadmin/contents/dateiliste_iwp-website/publikationen/DP/DP_01_2002.pdf [301 Moved Permanently]--> https://iwp.uni-koeln.de/fileadmin/contents/dateiliste_iwp-website/publikationen/DP/DP_01_2002.pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kln:iwpdip:dp01/02

Access Statistics for this paper

More papers in IWP Discussion Paper Series from Institute for Economic Policy, Cologne, Germany Contact information at EDIRC.
Bibliographic data for series maintained by Christian Müller ().