Huang, Rongbing; Shangguan, Zhaoyun; Zhang, Donghang - In: Journal of Corporate Finance 14 (2008) 5, pp. 738-752
We examine investment banks' networking function in capital markets, using a sample of Private Investments in Public Equity (PIPEs). We argue that investment banks develop relationships with investors through repeat dealings, and that investment banks' networks of relationship investors form the...