Klein, Daniel P.; Grube, R. Corwin; Joy, O. Maurice - In: Journal of Entrepreneurial Finance 2 (1992) 1, pp. 53-69
This paper examines compensation for the underwriting activity in firm commitment initial public offerings (IPOs) of common stock in the U.S. When compensation for origination, management and marketing efforts are excluded from total underwriter compensation, we find that the portion of the...
