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.
