메뉴 건너뛰기




Volumn 55, Issue 3, 2000, Pages 1105-1131

The seven percent solution

Author keywords

[No Author keywords available]

Indexed keywords


EID: 0040211611     PISSN: 00221082     EISSN: None     Source Type: Journal    
DOI: 10.1111/0022-1082.00242     Document Type: Article
Times cited : (433)

References (34)
  • 1
    • 0040805978 scopus 로고    scopus 로고
    • Stabilization activities by underwriters after new offerings
    • Aggarwal, Reena, 2000, Stabilization activities by underwriters after new offerings, Journal of Finance 55, 1075-1103.
    • (2000) Journal of Finance , vol.55 , pp. 1075-1103
    • Aggarwal, R.1
  • 2
    • 0002726982 scopus 로고    scopus 로고
    • Capital markets and corporate structure: The equity carveouts of Thermo Electron
    • Allen, Jeffrey W., 1998, Capital markets and corporate structure: The equity carveouts of Thermo Electron, Journal of Financial Economics 48, 99-124.
    • (1998) Journal of Financial Economics , vol.48 , pp. 99-124
    • Allen, J.W.1
  • 3
    • 0033270858 scopus 로고    scopus 로고
    • Are there economies of scale in underwriting fees? Evidence of rising external financing costs
    • forthcoming
    • Altinkilic, Oya, and Robert S. Hansen, 2000, Are there economies of scale in underwriting fees? Evidence of rising external financing costs, Review of Financial Studies, forthcoming.
    • (2000) Review of Financial Studies
    • Altinkilic, O.1    Hansen, R.S.2
  • 4
    • 0001295992 scopus 로고
    • Underwriter warrants, underwriter compensation, and the costs of going public
    • Barry, Christopher, Chris Muscarella, and Michael Vetsuypens, 1991, Underwriter warrants, underwriter compensation, and the costs of going public, Journal of Financial Economics 29, 113-135.
    • (1991) Journal of Financial Economics , vol.29 , pp. 113-135
    • Barry, C.1    Muscarella, C.2    Vetsuypens, M.3
  • 5
    • 37149005683 scopus 로고
    • Investment banking, reputation, and the underpricing of initial public offerings
    • Beatty, Randolph P., and Jay R. Ritter, 1986, Investment banking, reputation, and the underpricing of initial public offerings, Journal of Financial Economics 15, 213-232.
    • (1986) Journal of Financial Economics , vol.15 , pp. 213-232
    • Beatty, R.P.1    Ritter, J.R.2
  • 7
    • 0030529155 scopus 로고    scopus 로고
    • Issuer expenses and legal liability in initial public offerings
    • Beatty, Randolph P., and Ivo Welch, 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
  • 8
    • 0011615421 scopus 로고
    • Capital raising, underwriting, and the certification hypothesis
    • Booth, James, and Richard Smith, 1986, Capital raising, underwriting, and the certification hypothesis, Journal of Financial Economics 15, 261-281.
    • (1986) Journal of Financial Economics , vol.15 , pp. 261-281
    • Booth, J.1    Smith, R.2
  • 9
    • 0037855539 scopus 로고    scopus 로고
    • Underwriter reputation, initial returns, and the long-run underperformance of IPO stocks
    • Carter, Richard B., Frederick H. Dark, and Ajai K. Singh, 1998, Underwriter reputation, initial returns, and the long-run underperformance of IPO stocks, Journal of Finance 53, 285-311.
    • (1998) Journal of Finance , vol.53 , pp. 285-311
    • Carter, R.B.1    Dark, F.H.2    Singh, A.K.3
  • 11
    • 84993915181 scopus 로고
    • Why do NASDAQ market makers avoid odd-eighth quotes?
    • Christie, William G., and Paul H. Schultz, 1994, Why do NASDAQ market makers avoid odd-eighth quotes? Journal of Finance 49, 1813-1840.
    • (1994) Journal of Finance , vol.49 , pp. 1813-1840
    • Christie, W.G.1    Schultz, P.H.2
  • 12
    • 0033632719 scopus 로고    scopus 로고
    • Factors affecting investment bank initial public offering market share
    • Dunbar, Craig C., 2000, Factors affecting investment bank initial public offering market share, Journal of Financial Economics 55, 3-41.
    • (2000) Journal of Financial Economics , vol.55 , pp. 3-41
    • Dunbar, C.C.1
  • 13
    • 0010894329 scopus 로고    scopus 로고
    • Competition and collusion in dealer markets
    • Dutta, Prajit, and Ananth Madhavan, 1997, Competition and collusion in dealer markets, Journal of Finance 52, 245-276.
    • (1997) Journal of Finance , vol.52 , pp. 245-276
    • Dutta, P.1    Madhavan, A.2
  • 14
    • 84967646400 scopus 로고    scopus 로고
    • Overcharging underwriters, June 27
    • The Economist, 1998, Overcharging underwriters, June 27.
    • (1998) The Economist
  • 15
    • 0040958428 scopus 로고    scopus 로고
    • When the underwriter is the market maker: An examination of trading in the IPO aftermarket
    • Ellis, Katrina, Roni Michaely, and Maureen O'Hara, 2000, When the underwriter is the market maker: An examination of trading in the IPO aftermarket, Journal of Finance 55, 1039-1074.
    • (2000) Journal of Finance , vol.55 , pp. 1039-1074
    • Ellis, K.1    Michaely, R.2    O'Hara, M.3
  • 16
    • 84977263167 scopus 로고
    • Risk, return, and equilibrium: Empirical tests
    • Fama, Eugene F., and James MacBeth, 1973, Risk, return, and equilibrium: Empirical tests, Journal of Political Economy 81, 607-636.
    • (1973) Journal of Political Economy , vol.81 , pp. 607-636
    • Fama, E.F.1    MacBeth, J.2
  • 17
    • 0000117006 scopus 로고    scopus 로고
    • Bank entry, competition, and the market for corporate securities underwriting
    • Gande, Amar, Manju Puri, and Anthony Saunders, 1999, Bank entry, competition, and the market for corporate securities underwriting, Journal of Financial Economics 54, 165-195.
    • (1999) Journal of Financial Economics , vol.54 , pp. 165-195
    • Gande, A.1    Puri, M.2    Saunders, A.3
  • 18
    • 0041020355 scopus 로고    scopus 로고
    • Bank deposit rate clustering: Theory and empirical evidence
    • Kahn, Charles, George Pennacchi, and Ben Sopranzetti, 1999, Bank deposit rate clustering: Theory and empirical evidence, Journal of Finance 54, 2185-2214.
    • (1999) Journal of Finance , vol.54 , pp. 2185-2214
    • Kahn, C.1    Pennacchi, G.2    Sopranzetti, B.3
  • 21
    • 85037453768 scopus 로고    scopus 로고
    • Street's incredible unshrinking spread
    • April 10
    • Lowenstein, Roger, 1997, Street's incredible unshrinking spread, Wall Street Journal, April 10, C1.
    • (1997) Wall Street Journal , pp. C1
    • Lowenstein, R.1
  • 22
    • 0033442404 scopus 로고    scopus 로고
    • Conflict of interest and the credibility of underwriter analyst recommendations
    • Michaely, Roni and Kent Womack, 1999, Conflict of interest and the credibility of underwriter analyst recommendations, Review of Financial Studies 12, 653-686.
    • (1999) Review of Financial Studies , vol.12 , pp. 653-686
    • Michaely, R.1    Womack, K.2
  • 23
  • 24
    • 4243869924 scopus 로고
    • Why hot, new stocks get booster shots
    • February 10
    • Power, William, 1993, Why hot, new stocks get booster shots, Wall Street Journal, February 10, C1.
    • (1993) Wall Street Journal , pp. C1
    • Power, W.1
  • 25
    • 4243641492 scopus 로고    scopus 로고
    • How one top analyst vaults "Chinese Wall" to do deals for firm
    • March 25
    • Raghavan, Anita, 1997, How one top analyst vaults "Chinese Wall" to do deals for firm, Wall Street Journal, March 25, A1.
    • (1997) Wall Street Journal , pp. A1
    • Raghavan, A.1
  • 26
    • 0002860329 scopus 로고    scopus 로고
    • Analyst following of initial public offerings
    • Rajan, Raghuram, and Henri Servaes, 1997, Analyst following of initial public offerings, Journal of Finance 52, 507-529.
    • (1997) Journal of Finance , vol.52 , pp. 507-529
    • Rajan, R.1    Servaes, H.2
  • 27
    • 0001668064 scopus 로고
    • A supergame-theoretical model of price wars during booms
    • Rotemberg, Julio, and Garth Saloner, 1986, A supergame-theoretical model of price wars during booms, American Economic Review 76, 390-407.
    • (1986) American Economic Review , vol.76 , pp. 390-407
    • Rotemberg, J.1    Saloner, G.2
  • 28
    • 0007326564 scopus 로고
    • At Morgan Stanley, analysts were urged to soften harsh views
    • July 14
    • Siconolfi, Michael, 1992, At Morgan Stanley, analysts were urged to soften harsh views, Wall Street Journal, July 14, A1.
    • (1992) Wall Street Journal , pp. A1
    • Siconolfi, M.1
  • 29
    • 0009991094 scopus 로고    scopus 로고
    • Firms vie for spot in AT&T's huge IPO
    • February 1
    • Smith, Randall, 1996, Firms vie for spot in AT&T's huge IPO, Wall Street Journal, February 1, C1.
    • (1996) Wall Street Journal , pp. C1
    • Smith, R.1
  • 30
    • 0002917143 scopus 로고
    • Why should manufacturers want fair trade?
    • Telser, Lester G., 1960, Why should manufacturers want fair trade? Journal of Law and Economics 3, 86-105.
    • (1960) Journal of Law and Economics , vol.3 , pp. 86-105
    • Telser, L.G.1
  • 31
    • 0002640859 scopus 로고
    • Inside the deal that made Bill Gates $350, 000, 000
    • July 21, 1986
    • Uttal, Bro, 1986, Inside the deal that made Bill Gates $350, 000, 000, Fortune (July 21, 1986), 343-361.
    • (1986) Fortune , pp. 343-361
    • Uttal, B.1
  • 32
    • 85007260583 scopus 로고
    • A heteroskedasticity consistent covariance matrix estimator and a direct test for heteroskedasticity
    • White, Halbert, 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
  • 33
    • 0032390651 scopus 로고    scopus 로고
    • Agency and brokerage of real assets in competitive equilibrium
    • Williams, Joseph T., 1998, Agency and brokerage of real assets in competitive equilibrium, Review of Financial Studies 11, 239-280.
    • (1998) Review of Financial Studies , vol.11 , pp. 239-280
    • Williams, J.T.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.