reputation provided written proposals that included value estimates, provides an opportunity to observe any differences in … valuation methodology relative to investment bank reputation. I expect to see, based on research by Hanley (1993) and Bradley … and Jordan (2002), that the value ranges submitted vary in relation to investment bank reputation. The previous research …

) uncertainty as to the market price of the stock when it beings trading, (2) reputation capital of the investment banker that … cannot be repaired, and (3) decline in return on reputation capital if investment banker cheats on underpricing. Given these …Examines the underpricing of initial public offerings (IPOs) and the impact of this underpricing on investor …