Chen, Chao; Shi, Haina; Xu, Haoping - In: Journal of Banking & Finance 46 (2014) C, pp. 177-189
This paper investigates the determinants of initial public offering (IPO) underwriting market share in China. Using a sample of underwriters in China’s IPO market during 2004–2012, we find the following results. First, underwriting quality is overall positively related to underwriting market...