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dc.contributor.authorJudge, William Q.
dc.contributor.authorWitt, Michael A.
dc.contributor.authorZattoni, Alessandro
dc.contributor.authorTalaulicar, Till
dc.contributor.authorChen, Jean Jinghan
dc.contributor.authorLewellyn, Krista
dc.contributor.authorHu, Helen Wei
dc.contributor.authorShukla, Dhirendra
dc.contributor.authorBell Robert, R. Greg
dc.contributor.authorGabrielsson, Jonas
dc.contributor.authorLopez, Felix
dc.contributor.authorYamak, Sibel
dc.contributor.authorFassin, Yves
dc.contributor.authorMcCarthy, Daniel
dc.contributor.authorRivas, Jose Luis
dc.contributor.authorFainshmidt, Stav
dc.contributor.authorVan Ees, Hans
dc.date.accessioned2017-12-11T09:49:59Z
dc.date.available2017-12-11T09:49:59Z
dc.date.issued2014-05-27
dc.identifier.citationJudge, W.Q., Witt, M.A., Zattoni, A., Talaulicar, T. et al. (2015) Corporate governance and IPO underpricing in a cross-national sample: A multilevel knowledge-based view, Strategic Management Journal, 36 (8), pp. 1174-1185. doi:10.1002/smj.2275
dc.identifier.issn01432095
dc.identifier.doi10.1002/smj.2275
dc.identifier.urihttp://hdl.handle.net/2436/620973
dc.description.abstractPrior studies of IPO underpricing, mostly using agency theory and single-country samples, have generally fallen short. In this study, we employ the knowledge-based view (KBV) to explore underpricing across 17 countries. We find that agency indicators are insignificant predictors, board of director knowledge limits underpricing, and external knowledge both substitutes for and complements internal board knowledge. This third finding suggests that future KBV studies should consider how internal and external knowledge states interact with each other. Our study offers new insights into the antecedents of underpricing and extends our understanding of comparative governance and the KBV of the firm.
dc.language.isoen
dc.publisherWiley
dc.relation.urlhttp://doi.wiley.com/10.1002/smj.2275
dc.subjectIPO Underpricing
dc.subjectCorporate Governance
dc.subjectKnowledge-Based View
dc.subjectCross-National Sample
dc.subjectMulti-Level Models
dc.titleCorporate governance and IPO underpricing in a cross-national sample: A multilevel knowledge-based view
dc.typeJournal article
dc.identifier.journalStrategic Management Journal
dc.contributor.institutionDepartment of Management, Old Dominion University; Norfolk Virginia U.S.A.
dc.contributor.institutionEconomics & Political Science Area, INSEAD; Singapore Singapore
dc.contributor.institutionStrategic and Entrepreneurial Management Department, SDA Bocconi School of Management; Milan Italy
dc.contributor.institutionDepartment of Organization and Management, University of Erfurt; Erfurt Germany
dc.contributor.institutionCentre of Accounting, Finance and International Banking, University of Southampton; Southampton U.K.
dc.contributor.institutionDepartment of Management & Marketing, University of Wyoming; Laramie Wyoming U.S.A.
dc.contributor.institutionDepartment of Management & Marketing, University of Melbourne; Melbourne Australia
dc.contributor.institutionManagement and Entrepreneurship Department, University of New Brunswick; Fredericton New Brunswick Canada
dc.contributor.institutionDepartment of Management, University of Dallas; Irving Texas U.S.A.
dc.contributor.institutionCentre for Innovation, Research and Competence in the Learning Economy, Lund University; Lund Sweden
dc.contributor.institutionDepartment of Finance & Accounting, University of Valladolid; Valladolid Spain
dc.contributor.institutionDepartment of Management, Galatasaray University; Istanbul Turkey
dc.contributor.institutionVlerick Business School; Ghent University; Gent Belgium
dc.contributor.institutionDepartment of Management, Northeastern University; Boston Massachusetts U.S.A.
dc.contributor.institutionITAM School of Business; Mexico City Mexico
dc.contributor.institutionDepartment of Management & International Business, Florida International University; Miami Florida U.S.A.
dc.contributor.institutionFaculty of Economics & Business, University of Groningen; Groningen The Netherlands
dc.date.accepted2014-04-02
dc.source.volume36
dc.source.issue8
dc.source.beginpage1174
dc.source.endpage1185
refterms.dateFOA2018-08-21T14:40:50Z
html.description.abstractPrior studies of IPO underpricing, mostly using agency theory and single-country samples, have generally fallen short. In this study, we employ the knowledge-based view (KBV) to explore underpricing across 17 countries. We find that agency indicators are insignificant predictors, board of director knowledge limits underpricing, and external knowledge both substitutes for and complements internal board knowledge. This third finding suggests that future KBV studies should consider how internal and external knowledge states interact with each other. Our study offers new insights into the antecedents of underpricing and extends our understanding of comparative governance and the KBV of the firm.


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