A Comprehensive Bibliometric Study on The Corporate Governance And IPO

Abstract

The relationship between corporate governance and IPO underpricing—a crucial problem in financial markets, particularly in emerging economies—is investigated in this paper using bibliometric analysis. The study identifies the prevalent tendencies and intellectual framework of the area throughout the last ten years by examining important publications, authors, journals, institutions, and theme clusters. Results show that by increasing openness and lowering information asymmetry, governance mechanisms—such as board independence, CEO duality, and audit committees—are essential in lowering IPO underpricing. Participation from venture capital (VC) enhances governance effectiveness by providing more oversight and demonstrating credibility to investors. In terms of research output and impact, the United States and the United Kingdom remain at the forefront, but nations like China and India are also making more and more contributions. Three main theme clusters—institutional and regulatory frameworks, internal governance systems, and ownership and leadership structures—are established after identifying influential writers and publications. This paper offers a comprehensive understanding of the governance–IPO relationship by bridging the gap between agency theory, signalling theory, and institutional viewpoints. Additionally, it makes recommendations for future study initiatives in fields including digital governance, comparative cross-country studies, and ESG integration, providing useful information for scholars, decision-makers, and industry players.