Katharina, Lewellen - Sloan School of Management, Massachusetts Institute of … - 2004
-sectional determinants of price support. Some of the key findings are: (1) Price stabilization is substantial, inducing significant price … lead underwriter emerge as the strongest determinants of price support. Larger and more reputable investment banks … stabilize more, perhaps to protect their reputations with investors. But there are substantial differences in price support even …