Legal perception and finance: The case of IPO firm value

In this paper, we contribute to the literature on institutional determinants of IPO valuation. We introduce the concept of ‘legal signaling,’ which focuses on the perception of the quality of law and thus complements the existing institutional approaches to IPO valuation which consider the quality o...

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Bibliographic Details
Main Authors: Gerhard Schnyder, Anna Grosman, Kun Fu, Mathias Siems, Ruth V. Aguilera
Format: Default Article
Published: 2021
Subjects:
Business & Management
Business and Management
Marketing
shareholder protection
perception,
corporate governance
Initial Public Offerings (IPOs)
entrepreneurial finance
law and finance
Online Access:https://hdl.handle.net/2134/14601282.v1
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