Investment bank reputation and relaxed listing requirements: Evidence from infrastructure firm IPOs in Hong Kong

Pacific Basin Finance Journal

Volumn 9, Issue 2, 2001, Pages 101-117

  Dewenter, Kathryn L ^a   Field, Laura Casares ^b  

^a UNIVERSITY OF WASHINGTON   (United States)

^b PENNSYLVANIA STATE UNIVERSITY   (United States)

Author keywords

G15; G24; Hong Kong; Infrastructure finance; Initial public offerings (IPOs); Investment bank; Relaxed listing requirements

Indexed keywords

EID: 0042407791     PISSN: 0927538X     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0927-538X(01)00006-3     Document Type: Article

References (17)

1. Aggarwal R., Angel J. The rise and fall of the Amex emerging company marketplace. Journal of Financial Economics. 52:1999;257-289.
2. Angel J.J. Tick size, share prices, and stock splits. Journal of Finance. 52:1997;655-681.
3. Beatty R.P., Bunsis H., Hand J.R.M. The indirect economic penalties in SEC investigations of underwriters. Journal of Financial Economics. 50:1998;151-186.
4. Brav A., Gompers P.A. Myth or reality? The long-run underperformance of initial public offerings: Evidence from venture and nonventure capital-backed companies. Journal of Finance. 52:1998;1791-1821.
5. Carter R.B., Dark F.H., Singh A.K. Underwriter reputation, initial returns, and the long-run performance of IPO stocks. Journal of Finance. 53:1998;285-311.
6. Chemmanur T., Fulghieri P. Investment bank reputation, information production, and financial intermediation. Journal of Finance. 49:1994;57-79.
7. Gompers P., Lerner J. Reputation and conflict of interest in the issuance of public securities: Evidence from venture capital. Journal of Law and Economics. 42(1):1999;1-28.
8. Grinblatt M., Hwang C.Y. Signalling and the pricing of new issues. Journal of Finance. 44:1989;393-420.
9. Hamao Y., Packer F., Ritter J. Institutional affiliation and the role of venture capital: Evidence from initial public offerings in Japan. Pacific-Basin Finance Journal. 8:2000;529-558.
10. Kroszner R.S., Rajan R.G. Is the Glass-Steagall Act justified? A study of the U.S. experience with universal banking before 1933. American Economic Review. 1994;810-832.
11. Leland H., Pyle D. Informational asymmetries, financial structure, and financial intermediation. Journal of Finance. 32:1977;371-387.
12. Loughran T., Ritter J.R. The new issues puzzle. Journal of Finance. 50:1995;23-51.
13. Michaely R., Shaw W.H. The pricing of initial public offerings: Tests of adverse-selection and signaling theories. Review of Financial Studies. 7(2):1994.
14. Pownall G., Waymire G. Voluntary disclosure choice and earnings information transfer. Journal of Accounting Research. 27:1989;85-105. Supplement.
15. Ritter J.R. The 'hot issue' market of 1980. Journal of Business. 57:1984;215-240.
16. Ritter J.R. The long-run performance of initial public offerings. The Journal of Finance. 46:1991;3-27.
17. Seguin P.J., Smoller M.M. Share price and mortality: An empirical evaluation of newly listed Nasdaq stocks. Journal of Financial Economics. 45:1997;333-363.