Ketsuna, Kenji; Smith, Janet Kiholm; Smith, Richard L. - Economics Department, Claremont McKenna College - 2003
banking regimes in Japan (a hybrid auction-method regime and a book-building regime) and find that main bank relationships …We study the role of banking relationships in IPO underwriting using a sample of 484 Japanese IPOs. Among other issues …-known firms. When a firm in Japan goes public, it can engage an investment bank that is related through a common main bank, or can …