A joint experimental analysis of investor behavior in IPO pricing methods
This article jointly examines the differences of laboratory versions of the Dutch clock open auction, a sealed-bid auction to represent book building, and a two-stage sealed bid auction to proxy for the “competitive IPO”, a recent innovation used in a few European equity initial public offerings. We...
Main Authors: | , |
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Format: | Article |
Language: | English |
Published: |
Fundação Getulio Vargas, Escola de Administração de Empresas de São Paulo
2015-01-01
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Series: | RAE: Revista de Administração de Empresas |
Subjects: | |
Online Access: | https://bibliotecadigital.fgv.br/ojs/index.php/rae/article/view/44918 |