Motivated by the observation of three long-existing phenomena in the ChiNext market which are high issuing prices, high price-earnings ratios, and strikingly high capital raised in IPOs this study empirically examines whether underwriters reflect fair attitudes toward, and treatment of, different stakeholders through accurate pricing and whether the attitude varies with different underwriter reputations. We do this by investigating whether the extent of underpricing is significantly reduced by underwriter reputation. We find that the role of underwriter reputation as a mechanism of disciplining opportunistic behavior and as a third-party certification is muted. Although underwriter reputation is still highly correlated with offering price, ...
Based on a sample of 503 IPO issuers during the period of 2002-2008 in China, we investigate the rel...
Abstract The Chinese stock exchange is naturally characterized by information asymmetry, inequality...
Using data from the unique setting of Indian IPOs, this study examines the underwriter–investor rela...
In this paper we examine the relationship between performance of the Chinese IPO firms and the reput...
The primary focus of this study is on the underpricing phenomenon in the Hong Kong IPO market. The s...
Companies considering initiating public offerings (IPO) expect to raise funds and would like to maxi...
Purpose – The purpose of this study is to examine the influence of underwriter reputation on the val...
Much evidence suggests that the underpricing of initial public offerings is a common phenomenon in t...
This study seeks to examine the inter-correlated relationship between underwriters’ reputation, risk...
This study seeks to examine the inter-correlated relationship between underwriters’ reputation, risk...
Much evidence suggests that the underpricing of initial public offerings is a common phenomenon in t...
The concept of grandstanding comes from Gompers (1996), in his article, he defined “to grandstand” a...
The concept of grandstanding comes from Gompers (1996), in his article, he defined “to grandstand” a...
Abstract Many papers have documented that China presents the highest level of initial public offerin...
Using data from the unique setting of Indian IPOs, this study examines the underwriter–investor rela...
Based on a sample of 503 IPO issuers during the period of 2002-2008 in China, we investigate the rel...
Abstract The Chinese stock exchange is naturally characterized by information asymmetry, inequality...
Using data from the unique setting of Indian IPOs, this study examines the underwriter–investor rela...
In this paper we examine the relationship between performance of the Chinese IPO firms and the reput...
The primary focus of this study is on the underpricing phenomenon in the Hong Kong IPO market. The s...
Companies considering initiating public offerings (IPO) expect to raise funds and would like to maxi...
Purpose – The purpose of this study is to examine the influence of underwriter reputation on the val...
Much evidence suggests that the underpricing of initial public offerings is a common phenomenon in t...
This study seeks to examine the inter-correlated relationship between underwriters’ reputation, risk...
This study seeks to examine the inter-correlated relationship between underwriters’ reputation, risk...
Much evidence suggests that the underpricing of initial public offerings is a common phenomenon in t...
The concept of grandstanding comes from Gompers (1996), in his article, he defined “to grandstand” a...
The concept of grandstanding comes from Gompers (1996), in his article, he defined “to grandstand” a...
Abstract Many papers have documented that China presents the highest level of initial public offerin...
Using data from the unique setting of Indian IPOs, this study examines the underwriter–investor rela...
Based on a sample of 503 IPO issuers during the period of 2002-2008 in China, we investigate the rel...
Abstract The Chinese stock exchange is naturally characterized by information asymmetry, inequality...
Using data from the unique setting of Indian IPOs, this study examines the underwriter–investor rela...