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