What is it about?
The findings also indicate that large firms with quality underwriters (proxied using the interaction of market capitalization and underwriter reputation) have lower information asymmetry and risk, and, therefore, are associated with higher lock-up ratios
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Why is it important?
Ensure the effectiveness of lock-up provisions in cultivating investors’ confidence in the equity market.
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This page is a summary of: The Influence of Information Asymmetry on IPO Lock-up Provisions: Evidence from Malaysian Market, Global Business Review, May 2019, SAGE Publications, DOI: 10.1177/0972150919837081.
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