Determinants of corporate tone in an initial public offering : powerful CEOs versus well-functioning boards

Recent literature on initial public offerings (IPOs) suggests a significant effect of tone in IPO underpricing but ignores its determinants. This study concentrates on the factors that shape the tone of the information disclosed in IPOs. Sampling 211 Latin American IPOs during the period 2000–2019,...

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Autores:

González Ferrero, Maximiliano
Guzmán Vásquez, Alexander
Téllez Falla, Diego Fernando
Trujillo Dávila , María Andrea

Tipo de recurso:

Article of investigation

Fecha de publicación:

2021

Institución:

Colegio de Estudios Superiores de Administración

Repositorio:

Repositorio CESA

Idioma:

eng

OAI Identifier:

oai:repository.cesa.edu.co:10726/5057

Acceso en línea:

http://hdl.handle.net/10726/5057
https://doi.org/10.1016/j.ribaf.2021.101481

Palabra clave:

Initial public offer
Text analysis
Information disclosure
Corporate governance
IPO valuation

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