Research Article
Equilibrium Signal and Purchase Decision in China’s IPO Net Roadshow: A Dynamic Game Approach
Table 1
Payoffs matrix of the signaling game of China’s IPO net roadshow.
| | The issuer | High | Low | Quality of letter of intent: high | Quality of letter of intent: high | Quality of letter of intent: low |
| The investor | | | | Purchase | , | , | , | Nonpurchase | , 0 | , 0 | , 0 |
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