Tian, Lihui (contributor) - 2002 - [Elektronische Ressource]
GOVERNMENT ISSUER
AND THE FLOATATION TIME GAME
Lihui Tian, London Business School
August 2002 … Business School, 2002
ABSTRACT
Documenting an average first-day IPO return of 285%, this paper
questions the … collateral business when they allocate shares to their favored
customers. Ellis et al. (2000) show that underwriters profit from …