Publication in the Journal of Banking & Finance
Abstract: We examine the relationship between corporate culture and initial public offering (IPO) price formation. Using a sample of 935 US IPOs and data on corporate culture from Li et al. (2021b), we find that [...] Köchling, G., Neukirchen, D., & Posch, P. N. (2024). How Does Corporate Culture Affect IPO Price Formation?. Journal of Banking & Finance, 107158. …