What is it about?

we explore underpricing in 17 countries and find that director knowledge limits underpricing. External knowledge both complements and substitutes internal board knowledge. Firm knowledge is more important for underpricing in less developed countries

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Why is it important?

Multinational firms aspiring to do IPOs of foreign subsidiaries could use this insights to better design their boards overseas

Perspectives

Writing this article was a good example of teamwork since all coauthors reside in different countries and we have been collaborating in various projects for some time

Dr jose luis rivas
ITAM School of Business

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This page is a summary of: Corporate governance and IPO underpricing in a cross-national sample: A multilevel knowledge-based view, Strategic Management Journal, May 2014, Wiley, DOI: 10.1002/smj.2275.
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