LJUNGQVIST, ALEXANDER; WILHELM, WILLIAM J. - In: Journal of Finance 60 (2005) 4, pp. 1759-1790
We derive a behavioral measure of the IPO decision-maker's satisfaction with the underwriter's performance based on <link rid="b23">Loughran and Ritter (2002)</link> and assess its ability to explain the decision-maker's choice among underwriters in "subsequent" securities offerings. Controlling for other known...