Showing 1 - 10 of 6,062
underwriter reputation for issuers with different ownership structures in China. We document a significantly inverse relationship … between underwriter reputation and pre-IPO earnings management for non-state-owned enterprises (NSOE) issuers only, while no …, underwriter reputation is positively correlated with issuer post-IPO performance indicating that prestigious underwriters can …
Persistent link: https://www.econbiz.de/10013097123
Persistent link: https://www.econbiz.de/10010211226
Persistent link: https://www.econbiz.de/10011926967
-power hypothesis, and contradict the traditional certification hypothesis and underlying reputation mechanism. …
Persistent link: https://www.econbiz.de/10010191992
We examine whether underwriter reputation, venture capitalist (VC) backing, and VC reputation are related to the … restatement by an IPO firm is positively related to underwriter reputation and negatively related to VC backing, VC reputation and … VC maturity. Our results do not appear to be driven by the endogeneity of underwriter reputation or VC backing. Our …
Persistent link: https://www.econbiz.de/10013137186
We explore the role of placement agents in equity private placements. Reputable agents are more likely to place shares of firms that have performed better and that have had frequent prior relationships with the agent. Controlling for self-selection and endogeneity, firms using reputable agents...
Persistent link: https://www.econbiz.de/10013125030
enterprise market, it is founded that in the context of China security market efficiency being not high, imperfect reputation … relationship between the underwriter reputation and the underwriter behavior is a pioneering in China …Purpose - The purpose of this paper is to empirically analyze the underwriter reputation effect on IPO issue price …
Persistent link: https://www.econbiz.de/10013105216
-power hypothesis, and contradict the traditional certification hypothesis and underlying reputation mechanism …
Persistent link: https://www.econbiz.de/10013091336
Suppose IPO underpricing increases with underwriters' reputation. This study demonstrates higher underpricing is …, credibility of underwriting, equivalently reputation of underwriters cannot be unambiguously inferred from underpricing levels …
Persistent link: https://www.econbiz.de/10012901633
contagion via shared financial intermediaries. Concerns over reputation incentivized Britain's merchant banks to monitor, advise …
Persistent link: https://www.econbiz.de/10012902171