The “educational capital” of corporate boards and initial public offering pricing: Evidence from the US initial public offerings

We unravel the conditions under which the type of education found among board members mitigates the uncertainty in new equity markets. Our results indicate that issuers in low R&D industries—as well as those faced with complex organizational structures—leave less money on the table when their bo...

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Bibliographic Details
Published in:Managerial and decision economics 2024-06, Vol.45 (4), p.1756-1772
Main Authors: Wu, Shuai, Tang, Wei, Fu, Qiang, Xu, Yu
Format: Article
Language:English
Subjects:
Boards
Capital
Decision making
Education
Executives
Financial information
Investments
Investors
Money
Organizational structure
Prices
R&D
Research & development
Securities markets
Skills
Uncertainty
Volatility
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