The effect of board diversity and independence on IPO underpricing - An investigation on the Swedish market
This paper aims to study the effect that board independence and diversity have on IPO underpricing. It is expected that through signalling, these factors might have a negative relationship with underpricing. Listings between 2015-01-01 - 2018-12-31 on the two Swedish stock exchanges Nasdaq Stockholm and Nasdaq First North are investigated and the final sample consisted of 188 observations. The qua