Influence of lockup provision on IPO initial returns: Evidence from an emerging market
A lockup agreement ensures that major shareholders retain a significant economic interest in the companies following the IPOs.Rationally, these insiders will not adhere to the lockup agreement unless the benefits of doing so can more than offset the costs.Therefore, in an environment characterized b...
| Main Authors: | , , , |
|---|---|
| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
2013
|
| Subjects: | |
| Online Access: | https://repo.uum.edu.my/id/eprint/8574/1/Ras1.pdf |