Bae, Sung C.; Klein, Daniel P.; Bowyer, John W. - In: Journal of Business Finance & Accounting 26 (1999-06) 5&6, pp. 595-619
This paper examines an optimal underwriter participation model and develops testable hypotheses regarding the influence of certain factors on the degree of underwriter participation in initial public offerings (IPOs) of common stock. The issue of underwriter participation is important primarily...