01697nas a2200169   4500008004100000245010700041210006900148260000900217300001200226490000700238520108600245653001201331653001701343100001801360700001601378856013301394       2010                        eng d00aVenture Capital, Ownership Structure, Accounting Standards and IPO Underpricing: Evidence from Germany0 aVenture Capital Ownership Structure Accounting Standards and IPO  c2010  a517-5360 v623 aThis study investigates the impact of venture capital (VC), ownership structure, and accounting standards on initial public offering (IPO) underpricing in Germany. Using data from Germany's Neuer Markt (NM), we test two key hypotheses regarding IPO underpricing; first, whether VC ownership and higher levels of post-IPO insider ownership result in lower underpricing, and second, whether additional information disclosure results in lower underpricing. Besides the standard underpricing measure, we also use a modified underpricing measure to better assess true entrepreneurial wealth loss. Robust findings indicate that none of these factors are significant in lowering IPO underpricing, which suggests the importance of examining standard theories within alternative institutional environments. Results are consistent with the stylized fact that Germany's NM firms had relatively minimal use of VC financing, which may point to not only a weaker role for venture capitalists in Germany but fewer incentives to reduce information asymmetry arising from outside ownership.<br><br>10aFinance10aOSU-Cascades1 aElston, Julie1 aYang, Jimmy  u/biblio/venture-capital-ownership-structure-accounting-standards-and-ipo-underpricing-evidence-000584nas a2200133   4500008004100000245012000041210006900161260002400230653001200254653001700266100001600283700001800299856013300317       2008                        eng d00aThe Impact of Accounting Standards and Ownership Structure on IPO Underpricing: Evidence from Germany's Neuer Markt0 aImpact of Accounting Standards and Ownership Structure on IPO Un  aLas Vegas, NVc200810aFinance10aOSU-Cascades1 aYang, Jimmy1 aElston, Julie  u/biblio/impact-accounting-standards-and-ownership-structure-ipo-underpricing-evidence-germanys-000583nas a2200133   4500008004100000245012300041210006900164260002000233653001200253653001700265100001600282700001800298856013300316       2008                        eng d00aThe impact of accounting standards and ownership structure on IPO underpricing: evidence from Germany’s Neuer Market0 aimpact of accounting standards and ownership structure on IPO un  aLas Vegasc200810aFinance10aOSU-Cascades1 aYang, Jimmy1 aElston, Julie  u/biblio/impact-accounting-standards-and-ownership-structure-ipo-underpricing-evidence-germanys-1