-power hypothesis, and contradict the traditional certification hypothesis and underlying reputation mechanism. …

We examine whether underwriter reputation, venture capitalist (VC) backing, and VC reputation are related to the … restatement by an IPO firm is positively related to underwriter reputation and negatively related to VC backing, VC reputation and … VC maturity. Our results do not appear to be driven by the endogeneity of underwriter reputation or VC backing. Our …

enterprise market, it is founded that in the context of China security market efficiency being not high, imperfect reputation … relationship between the underwriter reputation and the underwriter behavior is a pioneering in China …Purpose - The purpose of this paper is to empirically analyze the underwriter reputation effect on IPO issue price …

-power hypothesis, and contradict the traditional certification hypothesis and underlying reputation mechanism …

Suppose IPO underpricing increases with underwriters' reputation. This study demonstrates higher underpricing is …, credibility of underwriting, equivalently reputation of underwriters cannot be unambiguously inferred from underpricing levels …

contagion via shared financial intermediaries. Concerns over reputation incentivized Britain's merchant banks to monitor, advise …

underwriter reputation. We find that high reputation and low reputation underwriters have strong relationships with different sets … of investors. While large institutional investors participate early in IPOs managed by high reputation underwriters, high … net worth investors appear to do the same in IPOs managed by low reputation underwriters. The varying nature of …