메뉴 건너뛰기




Volumn 39, Issue 2, 1996, Pages 545-602

Issuer expenses and legal liability in initial public offerings

Author keywords

[No Author keywords available]

Indexed keywords


EID: 0030529155     PISSN: 00222186     EISSN: None     Source Type: Journal    
DOI: 10.1086/467359     Document Type: Article
Times cited : (333)

References (51)
  • 1
    • 0000950786 scopus 로고
    • The lawsuit avoidance theory of why initial public offerings are underpriced
    • Alexander, Janet Cooper. "The Lawsuit Avoidance Theory of Why Initial Public Offerings Are Underpriced." UCLA Law Review 17 (1993): 17-73.
    • (1993) UCLA Law Review , vol.17 , pp. 17-73
    • Alexander, J.C.1
  • 2
    • 45349112870 scopus 로고
    • Signalling by underpricing in the IPO market
    • August
    • Allen, Franklin, and Faulhaber, Gerald. "Signalling by Underpricing in the IPO Market." Journal of Financial Economics 23, No. 2 (August 1989): 303-23.
    • (1989) Journal of Financial Economics , vol.23 , Issue.2 , pp. 303-323
    • Allen, F.1    Faulhaber, G.2
  • 3
    • 0006031395 scopus 로고
    • New York: American Institute of Certified Public Accountants
    • American Institute of Certified Public Accountants. Codification of Statements on Auditing Standards. New York: American Institute of Certified Public Accountants, 1991.
    • (1991) Codification of Statements on Auditing Standards
  • 4
    • 0001385346 scopus 로고
    • Underpricing of new issues and the choice of auditor as a signal of investment banker reputation
    • October
    • Balvers, Ronald J.; McDonald, Bill; and Miller, Robert E. "Underpricing of New Issues and the Choice of Auditor as a Signal of Investment Banker Reputation." Accounting Review 63, No. 4 (October 1988): 605-22.
    • (1988) Accounting Review , vol.63 , Issue.4 , pp. 605-622
    • Balvers, R.J.1    McDonald, B.2    Miller, R.E.3
  • 5
    • 0001295992 scopus 로고
    • Underwriter warrants, underwriter compensations, and the costs of going public
    • Barry, Christopher B.; Muscarella, Chris J.; and Vetsuypens, Michael R. "Underwriter Warrants, Underwriter Compensations, and the Costs of Going Public." Journal of Financial Economics 29, No. 1 (1991): 113-36.
    • (1991) Journal of Financial Economics , vol.29 , Issue.1 , pp. 113-136
    • Barry, C.B.1    Muscarella, C.J.2    Vetsuypens, M.R.3
  • 6
    • 0000772699 scopus 로고
    • Auditor reputation and the pricing of initial public offerings
    • October
    • Beatty, Randolph P. "Auditor Reputation and the Pricing of Initial Public Offerings." Accounting Review 64, No. 4 (October 1989): 693-709.
    • (1989) Accounting Review , vol.64 , Issue.4 , pp. 693-709
    • Beatty, R.P.1
  • 7
    • 21344494616 scopus 로고
    • The economic determinants of auditor compensation in the initial public offerings market
    • Autumn
    • Beatty, Randolph P. "The Economic Determinants of Auditor Compensation in the Initial Public Offerings Market." Journal of Accounting Research 31 No. 2 (Autumn 1993): 294-302.
    • (1993) Journal of Accounting Research , vol.31 , Issue.2 , pp. 294-302
    • Beatty, R.P.1
  • 8
    • 37149005683 scopus 로고
    • Investment banking, reputation, and the underpricing of initial public offerings
    • January/February
    • Beatty, Randolph P., and Ritter, Jay R. "Investment Banking, Reputation, and the Underpricing of Initial Public Offerings." Journal of Financial Economics 15, Nos. 1/2 (January/February 1986): 213-32.
    • (1986) Journal of Financial Economics , vol.15 , Issue.1-2 , pp. 213-232
    • Beatty, R.P.1    Ritter, J.R.2
  • 9
    • 0039184677 scopus 로고
    • How investment bankers determine the offer price and allocation of new issues
    • Benveniste, Lawrence M., and Spindt, Paul A. "How Investment Bankers Determine the Offer Price and Allocation of New Issues." Journal of Financial Economics 24, No. 2 (1989): 343-62.
    • (1989) Journal of Financial Economics , vol.24 , Issue.2 , pp. 343-362
    • Benveniste, L.M.1    Spindt, P.A.2
  • 12
    • 85033654602 scopus 로고
    • Boston: Bow & Co., December
    • Bowne. Regulation S-K. Boston: Bow & Co., December 1985.
    • (1985) Regulation S-K
    • Bowne1
  • 13
    • 84977728601 scopus 로고
    • Stock prices and the supply of information
    • December
    • Brennan, Michael J., and Hughes, Patricia. "Stock Prices and the Supply of Information." Journal of Finance 46, No. 5 (December 1991): 1665-91.
    • (1991) Journal of Finance , vol.46 , Issue.5 , pp. 1665-1691
    • Brennan, M.J.1    Hughes, P.2
  • 16
    • 84977731975 scopus 로고
    • Initial public offerings and underwriter reputation
    • September
    • Carter, Richard, and Manaster, Steven. "Initial Public Offerings and Underwriter Reputation." Journal of Finance 45, No. 4 (September 1990): 1045-67.
    • (1990) Journal of Finance , vol.45 , Issue.4 , pp. 1045-1067
    • Carter, R.1    Manaster, S.2
  • 17
    • 84993921360 scopus 로고
    • The pricing of initial public offerings: A dynamic model with information production
    • March
    • Chemmanur, Thomas J. "The Pricing of Initial Public Offerings: A Dynamic Model with Information Production." Journal of Finance 48, No. 1 (March 1993): 285-304.
    • (1993) Journal of Finance , vol.48 , Issue.1 , pp. 285-304
    • Chemmanur, T.J.1
  • 18
    • 84984251182 scopus 로고
    • Retained ownership and valuation of initial public offerings: Canadian evidence
    • Spring
    • Clarkson, Peter; Dontoe, Alex; Richardson, Gordon; and Sefcik, Stephan. "Retained Ownership and Valuation of Initial Public Offerings: Canadian Evidence." Contemporary Accounting Research 8, No. 1 (Spring 1992): 115-31.
    • (1992) Contemporary Accounting Research , vol.8 , Issue.1 , pp. 115-131
    • Clarkson, P.1    Dontoe, A.2    Richardson, G.3    Sefcik, S.4
  • 21
    • 84977339411 scopus 로고
    • Signaling and the valuation of unseasoned new issues
    • March
    • Downes, D., and Heinkel, Robert. "Signaling and the Valuation of Unseasoned New Issues." Journal of Finance 37, No. 1 (March 1982): 1-10.
    • (1982) Journal of Finance , vol.37 , Issue.1 , pp. 1-10
    • Downes, D.1    Heinkel, R.2
  • 22
    • 21144477918 scopus 로고
    • IPO underpricing and insurance against legal liability
    • Spring
    • Drake, Philip, and Vetsuypens, Michael. "IPO Underpricing and Insurance against Legal Liability." Financial Management 22 (Spring 1993): 64-73.
    • (1993) Financial Management , vol.22 , pp. 64-73
    • Drake, P.1    Vetsuypens, M.2
  • 23
    • 0000356859 scopus 로고
    • Empirical assessment of the impact of auditor quality on the valuation of new issues
    • Feltham, Gerald; Hughes, John; and Simunic, Dan A. "Empirical Assessment of the Impact of Auditor Quality on the Valuation of New Issues." Journal of Accounting and Economics 14, No. 4 (1991): 375-99.
    • (1991) Journal of Accounting and Economics , vol.14 , Issue.4 , pp. 375-399
    • Feltham, G.1    Hughes, J.2    Simunic, D.A.3
  • 24
    • 0000121217 scopus 로고
    • A test of audit pricing in the small-client segment of the U.S. Audit market
    • January
    • Francis, Jere R., and Simon, Daniel T. "A Test of Audit Pricing in the Small-Client Segment of the U.S. Audit Market." Accounting Review 62, No. 1 (January 1987): 145-57.
    • (1987) Accounting Review , vol.62 , Issue.1 , pp. 145-157
    • Francis, J.R.1    Simon, D.T.2
  • 25
    • 0000351727 scopus 로고
    • Investigating causal relations by econometric models and cross-spectral methods
    • July
    • Granger, C. W. J. "Investigating Causal Relations by Econometric Models and Cross-Spectral Methods." Econometrica 37, No. 3 (July 1969): 424-38.
    • (1969) Econometrica , vol.37 , Issue.3 , pp. 424-438
    • Granger, C.W.J.1
  • 26
    • 84977725468 scopus 로고
    • Signalling and the pricing of new issues
    • June
    • Grinblatt, Mark, and Hwang, Chuan-Yang. "Signalling and the Pricing of New Issues." Journal of Finance 44, No. 2 (June 1989): 393-420.
    • (1989) Journal of Finance , vol.44 , Issue.2 , pp. 393-420
    • Grinblatt, M.1    Hwang, C.-Y.2
  • 28
    • 21144471474 scopus 로고
    • Litigation risk, intermediation, and the underpricing of initial public offerings
    • Hughes, Patricia J., and Thakor, Anjan V. "Litigation Risk, Intermediation, and the Underpricing of Initial Public Offerings." Review of Financial Studies 5, No. 4 (1992): 709-42.
    • (1992) Review of Financial Studies , vol.5 , Issue.4 , pp. 709-742
    • Hughes, P.J.1    Thakor, A.V.2
  • 29
    • 0000372473 scopus 로고
    • Price performance of common stock new issues
    • September
    • Ibbotson, Roger G. "Price Performance of Common Stock New Issues." Journal of Financial Economics 2, No. 3 (September 1975): 235-72.
    • (1975) Journal of Financial Economics , vol.2 , Issue.3 , pp. 235-272
    • Ibbotson, R.G.1
  • 30
    • 84993660190 scopus 로고
    • Relationship-specific assets and the pricing of underwriter services
    • December
    • James, Chris. "Relationship-Specific Assets and the Pricing of Underwriter Services." Journal of Finance 47, No. 5 (December 1992): 1865-85.
    • (1992) Journal of Finance , vol.47 , Issue.5 , pp. 1865-1885
    • James, C.1
  • 31
    • 38249017555 scopus 로고
    • Borrowing relationships, intermediation, and the cost of issuing public securities
    • James, Christopher, and Wier, Peggy. "Borrowing Relationships, Intermediation, and the Cost of Issuing Public Securities." Journal of Financial Economics 28, Nos. 1/2 (1990): 149-72.
    • (1990) Journal of Financial Economics , vol.28 , Issue.1-2 , pp. 149-172
    • James, C.1    Wier, P.2
  • 34
    • 0000140435 scopus 로고
    • Informational asymmetries, financial structure, and financial intermediation
    • May
    • Leland, Hayne E., and Pyle, David H. "Informational Asymmetries, Financial Structure, and Financial Intermediation." Journal of Finance 32, No. 2 (May 1977): 371-87.
    • (1977) Journal of Finance , vol.32 , Issue.2 , pp. 371-387
    • Leland, H.E.1    Pyle, D.H.2
  • 36
    • 84977723575 scopus 로고
    • Venture capitalist certification in initial public offerings
    • July
    • Megginson, William, and Weiss, Kathleen. "Venture Capitalist Certification in Initial Public Offerings." Journal of Finance 46, No. 3 (July 1991): 879-904.
    • (1991) Journal of Finance , vol.46 , Issue.3 , pp. 879-904
    • Megginson, W.1    Weiss, K.2
  • 37
    • 0002731393 scopus 로고
    • Audit fees and auditor size: Further evidence
    • Spring
    • Palmrose, Zoe-Venna. "Audit Fees and Auditor Size: Further Evidence." Journal of Accounting Research 24, No. 1 (Spring 1986): 97-110.
    • (1986) Journal of Accounting Research , vol.24 , Issue.1 , pp. 97-110
    • Palmrose, Z.-V.1
  • 38
    • 0001605968 scopus 로고
    • The 'hot issues' market of 1980
    • Ritter, Jay R. "The 'Hot Issues' Market of 1980." Journal of Business 57, No. 2 (1984): 215-40.
    • (1984) Journal of Business , vol.57 , Issue.2 , pp. 215-240
    • Ritter, J.R.1
  • 39
    • 38249033671 scopus 로고
    • The costs of going public
    • December
    • Ritter, Jay R. "The Costs of Going Public." Journal of Financial Economics 19, No. 2 (December 1987): 269-82.
    • (1987) Journal of Financial Economics , vol.19 , Issue.2 , pp. 269-282
    • Ritter, J.R.1
  • 40
    • 84977717063 scopus 로고
    • The long-run performance of initial public offerings
    • March
    • Ritter, Jay R. "The Long-Run Performance of Initial Public Offerings." Journal of Finance 46, No. 1 (March 1991): 3-27.
    • (1991) Journal of Finance , vol.46 , Issue.1 , pp. 3-27
    • Ritter, J.R.1
  • 41
    • 0000423667 scopus 로고
    • Why new issues are underpriced
    • January/February
    • Rock, Kevin. "Why New Issues Are Underpriced." Journal of Financial Economics 15, No. 1/2 (January/February 1986): 187-212.
    • (1986) Journal of Financial Economics , vol.15 , Issue.1-2 , pp. 187-212
    • Rock, K.1
  • 43
    • 0001627064 scopus 로고
    • The effects of auditor change on audit fees: Test of price cutting and price recovery
    • April
    • Simon, D., and Francis, J. "The Effects of Auditor Change on Audit Fees: Test of Price Cutting and Price Recovery." Accounting Review 63, No. 2 (April 1988): 255-269.
    • (1988) Accounting Review , vol.63 , Issue.2 , pp. 255-269
    • Simon, D.1    Francis, J.2
  • 44
    • 0002868431 scopus 로고
    • The pricing of audit services: Theory and evidence
    • Spring
    • Simunic, Daniel. "The Pricing of Audit Services: Theory and Evidence." Journal of Accounting Research 18 (Spring 1980): 161-90.
    • (1980) Journal of Accounting Research , vol.18 , pp. 161-190
    • Simunic, D.1
  • 46
    • 84977718972 scopus 로고
    • Anatomy of initial public offerings of common stock
    • September
    • Tinic, Seha. "Anatomy of Initial Public Offerings of Common Stock." Journal of Finance 43, No. 4 (September 1988): 789-822.
    • (1988) Journal of Finance , vol.43 , Issue.4 , pp. 789-822
    • Tinic, S.1
  • 47
    • 46149127849 scopus 로고
    • Information quality and the valuation of new issues
    • June
    • Titman, Sheridan, and Trueman, Brett. "Information Quality and the Valuation of New Issues." Journal of Accounting and Economics 8, No. 2 (June 1986): 159-72.
    • (1986) Journal of Accounting and Economics , vol.8 , Issue.2 , pp. 159-172
    • Titman, S.1    Trueman, B.2
  • 48
    • 43949164598 scopus 로고
    • The underpricing of initial public offerings and the partial adjustment phenomenon
    • October
    • Weiss Hanley, Kathleen. "The Underpricing of Initial Public Offerings and the Partial Adjustment Phenomenon." Journal of Financial Economics 34 (October 1993): 231-50.
    • (1993) Journal of Financial Economics , vol.34 , pp. 231-250
    • Kathleen, W.H.1
  • 49
    • 84977703615 scopus 로고
    • Seasoned offerings, imitation costs and the underpricing of initial public offerings
    • July
    • Welch, Ivo. "Seasoned Offerings, Imitation Costs and the Underpricing of Initial Public Offerings." Journal of Finance 44, No. 2 (July 1989): 421-49.
    • (1989) Journal of Finance , vol.44 , Issue.2 , pp. 421-449
    • Welch, I.1
  • 50
    • 84977727359 scopus 로고
    • Sequential sales, learning, and cascades
    • June
    • Welch, Ivo. "Sequential Sales, Learning, and Cascades." Journal of Finance 47, No. 2 (June 1992): 695-732.
    • (1992) Journal of Finance , vol.47 , Issue.2 , pp. 695-732
    • Welch, I.1
  • 51
    • 0000095552 scopus 로고
    • A heteroskedasticity-consistent covariance matrix estimator and a direct test for heteroskedasticity
    • May
    • White, Halbert. "A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity." Econometrica 48, No. 4 (May 1980): 817-38.
    • (1980) Econometrica , vol.48 , Issue.4 , pp. 817-838
    • White, H.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.