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We study the role of banking relationships in IPO underwriting. Among other issues, we consider whether banking relationships lead to increased access to public equity markets, especially for smaller, lesserknown firms. When a firm in Japan goes public, it can engage an investment bank that is...
Persistent link: https://www.econbiz.de/10003231298
We study the role of banking relationships in IPO underwriting. Among other issues, we consider whether banking relationships lead to increased access to public equity markets, especially for smaller, lesserknown firms. When a firm in Japan goes public, it can engage an investment bank that is...
Persistent link: https://www.econbiz.de/10001786164
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exchanges, as of year-end 1987. Also examined are changes in listings between 1981 and 1987, an important design feature since … exchange. Tests based on changes in listings between 1981 and 1987 support both hypotheses. Overall, the results lend credence …
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