Meoli, Michele; Signori, Andrea; Vismara, Silvio - In: International Journal of Managerial Finance 11 (2015) 4, pp. 414-437
Purpose – The purpose of this paper is to relate the fees paid to IPO underwriters to the nature and quality of the services they provide. Design/methodology/approach – Controlling for the characteristics of the firm going public, the risk associated with the offering, and the reputation of...