Auditing firm reputation, ex ante uncertainty and the underpricing of initial public offerings on the second board of the Kuala Lumpur Stock Exchange: 1990-1995
Reputable auditing firms have an incentive to investigate and report irregularities since their reputation is at stake, therefore engaging their services enables investors to estimate the value of the firm more precisely and reduce ex ante uncertainty. This will attract more investors to bid for t...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Universiti Putra Malaysia Press
1997
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| Online Access: | http://psasir.upm.edu.my/id/eprint/3156/1/Auditing_Firm_Reputation%2C_Ex_Ante_Uncertainty_and_the_Underpricing_of.pdf |