Research and dive into the VC-backed IPOs and  investigate if they have statistically significant underpring, and check how the age of the company at IPO influences underpricing and how underwriter’s reputation influences undepricing.

Description

Research and dive into the VC-backed IPOs and  investigate if they have statistically significant underpring, and check how the age of the company at IPO influences underpricing and how underwriter’s reputation influences undepricing.

Prepare a concise and well-organised piece of literature review (theoretical and empirical) with max 6/7 references to relevant journal articles. This piece of work should introduce the following hypothesis:

1. H0: VC-backed firms have statistically significant lower underpricing than non-VC-backed firms.

H1: VC-backed firms have a not statistically significant lower underpricing than non-VC-backed firms.

2. H0: Underwriter’s reputation has a statistically significant effect on VC-backed IPO underpricing.

H1: Underwriter’s reputation has not a statistically significant effect on VC-backed IPO underpricing.

3. H0: VC-backed companies’ age at IPO is statistically significant.

H1: VC-backed companies’ age at IPO is not statistically significant.

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