Similar Search Results

Initial Public Offerings : Investor Behavior and Underpricing

Shiller, Robert J. - 1988

investor behavior that might be relevant to theories of their underpricing. Respondents were asked for their perception of the … allocation process, their concern with stockbroker or underwriter reputation, their theories of IPO underpricing, and their … existing theories of IPO underpricing. and also suggesting different hypotheses. The impresario hypothesis is that underwriters …

Persistent link: https://www.econbiz.de/10012476252

Underwriter Certification, Issuer-Underwriter Matching, and SEO Performance

Calomiris, Charles W. - 2019

The introduction of deal types for issues of seasoned equity in which the offer follows quickly after its announcement highlights the role of underwriter certification in the performance of SEOs. Controlling for the matching between underwriters and issuers, underwriter quality is positively...

Persistent link: https://www.econbiz.de/10012480288

A Review of IPO Activity, Pricing, and Allocations

Ritter, Jay - 2002

considerable underpricing, and how IPOs perform in the long run. Our perspective on the literature is three-fold: First, we believe …

Persistent link: https://www.econbiz.de/10012469910

Biases in the IPO Pricing Process

Lowry, Michelle - 2001

By investigating the entire IPO pricing process, beginning when the offering is filed, the paper contributes to the existing literature along four dimensions. First, price updates during the registration period are predictable based on firm and offer-specific characteristics known at the time...

Persistent link: https://www.econbiz.de/10012470130

Interest Rates and Initial Public Offerings

Jovanovic, Boyan - 2004

We study the relation between IPO investment and the rate of interest. We model the IPO timing decision and show that the implied relation between interest rates and investment is non-monotonic, and the data support the implication. At low rates of interest firms delay their IPOs. This happens...

Persistent link: https://www.econbiz.de/10012468395

The Rise of Dual-Class Stock IPOs

Aggarwal, Dhruv; Eldar, Ofer; Hochberg, Yael V.; Litov, … - National Bureau of Economic Research - 2021

We create a novel dataset to examine the nature and determinants of dual-class IPOs. We document that dual-class firms have different types of controlling shareholders and wedges between voting and economic rights. We find that the founders' wedge is largest when founders have stronger...

Persistent link: https://www.econbiz.de/10012496163

The Informational Content of Initial Public Offerings

Gale, Ian - 1990

The ability of capital markets to distinguish firms of different value by the size of their initial equity offerings is attenuated when insiders can sell equity more than once. A model is developed in which there is price risk from holding equity between periods. When the uncertainty is small....

Persistent link: https://www.econbiz.de/10012475778

Initial Public Offering and Corporate Governance in China's Transitional Economy

Hsun, Chen-Chien - 2003

that the only industries in which listed companies in China display strong performance are public utilities, transportation …

Persistent link: https://www.econbiz.de/10012469125

Listing Delays and Innovation : Evidence from Chinese IPOs

Cong, Lin William - 2018

Regulators have suspended IPOs in China on numerous occasions, exposing firms already approved to IPO to indeterminate …

Persistent link: https://www.econbiz.de/10012453063

The Underreaction Hypothesis and the New Issue Puzzle : Evidence from Japan

Kang, Jun-Koo - 1996

This paper investigates the long-term performance of Japanese firms issuing convertible debt or equity. We find that these firms perform poorly even though the stock-price reaction to convertible debt and equity issue announcements is not significantly negative for Japanese firms and Japanese...

Persistent link: https://www.econbiz.de/10012473009

1
2
3
4
5
6
7
8
9
10
Next
Last