Results 171 to 180 of about 17,176 (202)
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Trademark and IPO underpricing
Financial Management, 2021AbstractAlthough trademarks are mentioned in many firms’ initial public offering (IPO) prospectuses, their influences on the IPO valuation process are underexplored. This paper studies the relationship between a firm's pre‐IPO trademarks and its IPO underpricing. Using 4457 US IPOs during the period 1980–2018, we find that firms with a larger number of
Bin Yang, Tao Yuan
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IPO Underpricing and Outside Blockholdings
SSRN Electronic Journal, 2003Abstract Recent papers have proposed a link between underpricing of an initial public offering (IPO) and the resulting ownership structure of the firm. Brennan and Franks [J. Financ. Econ. 45 (1997) 391] hypothesize that IPO managers want to discourage new blockholdings to reduce the likelihood of being monitored.
Laura Casares Field, Dennis P. Sheehan
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The underpricing of private targets
Journal of Financial Economics, 2005Abstract We examine acquisitions of private firms with valuation histories and find a positive relation between acquirer announcement returns and target valuation revisions. Similar to other studies, acquirer announcement returns are positive, on average.
John W. Cooney +2 more
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Conservatism and international IPO underpricing
Journal of International Business Studies, 2015We study the impact of country-level accounting conservatism on international IPO underpricing. Examining 13,285 IPOs from 36 countries, we find that IPOs are underpriced less in countries in which existing public firms practice more accounting conservatism.
Thomas Jason Boulton +2 more
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From underpricing to unconstrained China's IPO underpricing
2017This paper explores one possible channel that could explain part of the large IPO underpricing of firms listed in the Small and Medium Enterprise Board of Shenzhen Stock Exchange in China. Firms use underpricing to signal their growth potential and attract bank-related investors to establish banking relationship via them.
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Unionization and IPO Underpricing
SSRN Electronic Journal, 2018This paper investigates the impact of labor unionization on IPO underpricing. We demonstrate that the existence of unions reduces underpricing by 11.20%. Unionized IPOs are associated with downward offer-price revisions, higher cost of capital, inferior firm-operating performance, and incremental failure risk.
Antonios Chantziaras +2 more
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Financial Analysts Journal, 1987
(1987). Underpricing in Canadian IPOs. Financial Analysts Journal: Vol. 43, No. 6, pp. 48-55.
Vijay M. Jog, Allan L. Riding
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(1987). Underpricing in Canadian IPOs. Financial Analysts Journal: Vol. 43, No. 6, pp. 48-55.
Vijay M. Jog, Allan L. Riding
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Underpricing, Stabilization, and Governance
SSRN Electronic Journal, 2005Arugaslan, Cook, and Kieschnick (2004) challenge underpricing results obtained from conventional cross-sectional regression analysis on the grounds that standard methods fail to properly account for underwriter price stabilization and adequately capture variations in information asymmetries related to firm size.
Chad J. Zutter, Scott B. Smart
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SSRN Electronic Journal, 2014
SEBI, the Indian securities market regulator has set a unique example for the entire world by introducing IPO grading in India. The purpose of this grading was to provide retail investors with a ready-made assessment of the fundamental quality of the issuer of an IPO, so they could make a better and informed investment decision in an era of information
Sudesh Kumar Sharma +2 more
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SEBI, the Indian securities market regulator has set a unique example for the entire world by introducing IPO grading in India. The purpose of this grading was to provide retail investors with a ready-made assessment of the fundamental quality of the issuer of an IPO, so they could make a better and informed investment decision in an era of information
Sudesh Kumar Sharma +2 more
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Auditor Selection and IPO Underpricing
2018This chapter focuses on the selection of an audit firm by UK initial public offering (IPO) firms. It documents that many IPO firms switch to an audit firm in a different segment (big, midsize, or small), which suggests that IPO firms carefully select an audit firm of a particular quality level before they go public. It examines whether the selection of
Koning, Miriam +2 more
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