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How Do the Transaction Costs of IPO Puzzle Financial Economists

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How do the transaction costs of IPO puzzle financial economists?


Definitions:

Long-Term Relationships

Romantic partnerships characterized by commitment, continuity, and emotional attachment over an extended period.

Self-Disclosure

The process of voluntarily sharing personal information with others, which is not readily available to them.

Well-Being

A positive condition of existence marked by health, happiness, and prosperity; feeling good about one's life.

Disclosure Reciprocity

The social principle suggesting that openness in communication is often matched by similar openness in response from others.

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