The Effect of Board Size on Underpricing of IPOs: Indian Evidence

The IUP Journal of Corporate Governance, Vol. XIII, No. 3, July 2014, pp. 7-16

Posted: 11 Jun 2015

See all articles by Rekha Handa

Rekha Handa

Independent

Balwinder Singh

Guru Nanak Dev University - Department of Commerce and Business Management

Date Written: June 10, 2015

Abstract

Corporate governance mechanisms are being widely researched for their impact on different measures of corporate performance. Board structure being a dominant means of monitoring and governance for sustaining the competition and improving financial and overall performance, forms an integral part of these mechanisms. The present paper explores the size of the board as a governance method and its relationship with Initial Public Offering (IPO) performance, IPOs being a unique setting to establish the contribution of corporate governance in general and boards in specific. The study investigates specifically board size to explore its independence as a governance mechanism and contribution in explaining the initial returns of an IPO.

Suggested Citation

Handa, Rekha and Singh, Balwinder, The Effect of Board Size on Underpricing of IPOs: Indian Evidence (June 10, 2015). The IUP Journal of Corporate Governance, Vol. XIII, No. 3, July 2014, pp. 7-16. Available at SSRN: https://ssrn.com/abstract=2616649

Rekha Handa (Contact Author)

Independent ( email )

No Address Available

Balwinder Singh

Guru Nanak Dev University - Department of Commerce and Business Management ( email )

Department of Commerce and Business Management
Guru Nanak Dev University
Amritsar, Punjab 143005
India
09417272232 (Phone)
0183-2255564 (Fax)

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