Does corporate governance affect the valuation of Spanish IPOs? The role of ownership structure and the board of directors
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¿Afecta el gobierno corporativo a la valoración de las opis españolas? el papel de la estructura de propiedad y el consejo de administración
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The authors are grateful for the helpful comments of an anonymous referee and from partici- pants at the 6 th IFABS International Conference held in Lisbon (June, 2014), the XXIV ACEDE Conference, held in Castellón (September, 2014), and the XXII Finance Forum held in Zaragoza (November, 2014). This study wasfinancially supported by the Spanish Ministry of Economy and the ERDF under grants: MINECO-16-ECO2015-66184-R and ECO2014-56102-P, respec- tively. This research was also prepared within the framework of the Basic Research Program at the National Research University Higher School of Economics (HSE) and supported within the framework of a grant awarded to the HSE by the Government of the Russian Federation for the implementation of the Global Competitiveness Program
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