메뉴 건너뛰기




Volumn 15, Issue 1, 1998, Pages 17-27

The Impact of Bank Ownership of Underwriters on the Underpricing of Initial Public Offerings

Author keywords

[No Author keywords available]

Indexed keywords


EID: 0032377561     PISSN: 08250383     EISSN: None     Source Type: Journal    
DOI: 10.1111/j.1936-4490.1998.tb00149.x     Document Type: Article
Times cited : (10)

References (25)
  • 1
    • 0011458254 scopus 로고
    • The opening price performance of initial public offerings of common stock
    • Barry, C. B., & Jennings, R. H. (1993). The opening price performance of initial public offerings of common stock. Financial Management, 22, 54-63.
    • (1993) Financial Management , vol.22 , pp. 54-63
    • Barry, C.B.1    Jennings, R.H.2
  • 2
    • 0030529155 scopus 로고    scopus 로고
    • Issuer expenses and legal liability in initial public offerings
    • Beatty, R. P., & Welch, I. (1996). Issuer expenses and legal liability in initial public offerings. Journal of Law and Economics, 39, 545-602
    • (1996) Journal of Law and Economics , vol.39 , pp. 545-602
    • Beatty, R.P.1    Welch, I.2
  • 3
    • 0011615421 scopus 로고
    • Capital raising, under-writing and the certification hypothesis
    • Booth, J. R., & Smith, R. L., III (1986). Capital raising, under-writing and the certification hypothesis. Journal of Financial Economics, 15, 261-281.
    • (1986) Journal of Financial Economics , vol.15 , pp. 261-281
    • Booth, J.R.1    Smith III, R.L.2
  • 4
    • 84977731975 scopus 로고
    • Initial public offerings and underwriter reputation
    • Carter, R., & Manaster, S. (1990). Initial public offerings and underwriter reputation. Journal of Finance, 45, 1045-1067.
    • (1990) Journal of Finance , vol.45 , pp. 1045-1067
    • Carter, R.1    Manaster, S.2
  • 5
    • 84987579086 scopus 로고
    • A re-examination of the costs of firm commitment and best effort IPOs
    • Chua, L. (1995). A re-examination of the costs of firm commitment and best effort IPOs. The Financial Review, 30, 337-365.
    • (1995) The Financial Review , vol.30 , pp. 337-365
    • Chua, L.1
  • 6
    • 0001320124 scopus 로고
    • Ex ante uncertainty and the underpricing of initial public offerings: Further Canadian evidence
    • Clarkson, P. M., & Merkley, J. (1994). Ex ante uncertainty and the underpricing of initial public offerings: Further Canadian evidence. Canadian Journal of Administrative Sciences, 11, 54-67.
    • (1994) Canadian Journal of Administrative Sciences , vol.11 , pp. 54-67
    • Clarkson, P.M.1    Merkley, J.2
  • 7
    • 84977339411 scopus 로고
    • Signaling and the valuation of unseasoned new issues
    • Downes, D. H., & Heinkel, R. (1982). Signaling and the valuation of unseasoned new issues. Journal of Finance, 37, 1-10.
    • (1982) Journal of Finance , vol.37 , pp. 1-10
    • Downes, D.H.1    Heinkel, R.2
  • 8
    • 0002352750 scopus 로고
    • The use of warrants as underwriter compensation in initial public offerings
    • Dunbar, C. G. (1995). The use of warrants as underwriter compensation in initial public offerings. Journal of Financial Economics, 38, 59-78.
    • (1995) Journal of Financial Economics , vol.38 , pp. 59-78
    • Dunbar, C.G.1
  • 10
    • 0002458113 scopus 로고
    • The transformation of investment banking
    • Jan/Feb.
    • Hayes, S. L., III (1979, Jan/Feb.). The transformation of investment banking. Harvard Business Review, 57, pp. 153-170.
    • (1979) Harvard Business Review , vol.57 , pp. 153-170
    • Hayes III, S.L.1
  • 16
    • 21144478135 scopus 로고
    • Market reaction to legislative changes and Canadian bank takeovers of Canadian investment dealers
    • Kryzanowski, L., & Ursel, N. (1993). Market reaction to legislative changes and Canadian bank takeovers of Canadian investment dealers. Journal of Financial Services Research. 7, 171-185.
    • (1993) Journal of Financial Services Research. , vol.7 , pp. 171-185
    • Kryzanowski, L.1    Ursel, N.2
  • 18
    • 0040162533 scopus 로고
    • The pricing of initial public offerings: Tests of adverse selection and signaling theories
    • Michaely, R., & Shaw, W. H. (1994). The pricing of initial public offerings: Tests of adverse selection and signaling theories. Review of Financial Studies, 7, 279-319.
    • (1994) Review of Financial Studies , vol.7 , pp. 279-319
    • Michaely, R.1    Shaw, W.H.2
  • 20
    • 0030101180 scopus 로고    scopus 로고
    • Commercial banks in investment banking: Conflict of interest or certification role?
    • Puri, M. (1996). Commercial banks in investment banking: Conflict of interest or certification role? Journal of Financial Economics, 40, 373-401.
    • (1996) Journal of Financial Economics , vol.40 , pp. 373-401
    • Puri, M.1
  • 21
    • 0001605968 scopus 로고
    • The 'hot issue' market of 1980
    • Ritter, J. R. (1984). The 'hot issue' market of 1980. Journal of Business, 57, 215-240.
    • (1984) Journal of Business , vol.57 , pp. 215-240
    • Ritter, J.R.1
  • 23
    • 84993880601 scopus 로고
    • The performance of primary common stock offerings: A Canadian comparison
    • Shaw, D. C. (1971), The performance of primary common stock offerings: A Canadian comparison. Journal of Finance, 26, 1101-1113.
    • (1971) Journal of Finance , vol.26 , pp. 1101-1113
    • Shaw, D.C.1
  • 25
    • 0000095552 scopus 로고
    • A heteroskedasticity-consistent covariance matrix estimator and a direct test for heteroskedasticity
    • White, H. (1980). A heteroskedasticity-consistent covariance matrix estimator and a direct test for heteroskedasticity. Econometrica, 48, 817-838.
    • (1980) Econometrica , vol.48 , pp. 817-838
    • White, H.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.