메뉴 건너뛰기




Volumn 60, Issue 6, 2005, Pages 2729-2761

Investment bank reputation and the price and quality of underwriting services

Author keywords

[No Author keywords available]

Indexed keywords


EID: 19944375599     PISSN: 00221082     EISSN: None     Source Type: Journal    
DOI: 10.1111/j.1540-6261.2005.00815.x     Document Type: Article
Times cited : (332)

References (34)
  • 1
    • 85005305538 scopus 로고
    • The market for "lemons": Quality uncertainty and the market mechanism
    • Akerlof, George A., 1970, The market for "lemons": Quality uncertainty and the market mechanism, Quarterly Journal of Economics 84, 488-500.
    • (1970) Quarterly Journal of Economics , vol.84 , pp. 488-500
    • Akerlof, G.A.1
  • 2
    • 0001646345 scopus 로고
    • Reputation and product quality
    • Allen, Franklin, 1984, Reputation and product quality, Rand Journal of Economics 15, 311-327.
    • (1984) Rand Journal of Economics , vol.15 , pp. 311-327
    • Allen, F.1
  • 3
    • 0033270858 scopus 로고    scopus 로고
    • Are there economies of scale in underwriting fees? Evidence from rising external financing costs
    • Altinkilic, Oya, and Robert S. Hansen, 2000, Are there economies of scale in underwriting fees? Evidence from rising external financing costs, Review of Financial Studies 13, 191-218.
    • (2000) Review of Financial Studies , vol.13 , pp. 191-218
    • Altinkilic, O.1    Hansen, R.S.2
  • 4
    • 0030529155 scopus 로고    scopus 로고
    • Issue expenses and legal liability in initial public offerings
    • Beatty, Randolph P., and Ivo Welch, 1996, Issue 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
  • 5
    • 0011615421 scopus 로고
    • Capital raising, underwriting, and the certification hypothesis
    • Booth, James R., and Richard L. Smith, II, 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.R.1    Smith II, R.L.2
  • 6
    • 0037855539 scopus 로고    scopus 로고
    • Underwriter reputation, initial returns, and long-run performance of IPO stocks
    • Carter, Richard B., Frederick H. Dark, and Ajai K. Singh, 1998, Underwriter reputation, initial returns, and long-run performance 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
  • 7
    • 84977731975 scopus 로고
    • Initial public offerings and underwriter reputation
    • Carter, Richard B., and Steven Manaster, 1990, Initial public offerings and underwriter reputation, Journal of Finance 45, 1045-1064.
    • (1990) Journal of Finance , vol.45 , pp. 1045-1064
    • Carter, R.B.1    Manaster, S.2
  • 8
    • 84993923489 scopus 로고
    • Investment bank reputation, information production, and financial intermediation
    • Chemmanur, Thomas J., and Paolo Fulghieri, 1994, Investment bank reputation, information production, and financial intermediation, Journal of Finance 49, 57-79.
    • (1994) Journal of Finance , vol.49 , pp. 57-79
    • Chemmanur, T.J.1    Fulghieri, P.2
  • 9
    • 0040211611 scopus 로고    scopus 로고
    • The seven percent solution
    • Chen Hsuan-Chi, and Jay R. Ritter, 2000, The seven percent solution, Journal of Finance 55, 1105-1131.
    • (2000) Journal of Finance , vol.55 , pp. 1105-1131
    • Chen, H.-C.1    Ritter, J.R.2
  • 11
    • 16544375705 scopus 로고    scopus 로고
    • DLJ: Firm is dead, but its "stuff" lives on; Firm's collectibles are examples of the small nostalgia for now-departed Street names
    • Craig, Susanne, 2003, DLJ: Firm is dead, but its "stuff" lives on; Firm's collectibles are examples of the small nostalgia for now-departed Street names, The Wall Street Journal, August 28, C1.
    • (2003) The Wall Street Journal , vol.AUGUST 28
    • Craig, S.1
  • 12
    • 0038873605 scopus 로고    scopus 로고
    • The pricing of initial public offers of corporate straight debt
    • Datta, Sudip, Mai Iskandar-Datta, and Ajay Patel, 1997, The pricing of initial public offers of corporate straight debt, Journal of Finance 52, 379-396.
    • (1997) Journal of Finance , vol.52 , pp. 379-396
    • Datta, S.1    Iskandar-Datta, M.2    Patel, A.3
  • 13
    • 0001913662 scopus 로고
    • Did J. P. Morgan's men add value?: An economist's perspective on financial capitalism
    • Peter Temin, ed. (University of Chicago Press, Chicago, IL)
    • De Long, J. Bradford, 1991, Did J. P. Morgan's men add value?: An economist's perspective on financial capitalism, in Peter Temin, ed.: Inside the Business Enterprise: Historical Perspectives on the Use of Information (University of Chicago Press, Chicago, IL).
    • (1991) Inside the Business Enterprise: Historical Perspectives on the Use of Information
    • De Long, J.B.1
  • 14
    • 0002352750 scopus 로고
    • The use of warrants as underwriter compensation in initial public offerings
    • Dunbar, Craig 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
  • 15
    • 0000117006 scopus 로고    scopus 로고
    • Bank entry, competition, and the market for corporate bond underwriting
    • Gande, Amar, Manju Puri, and Anthony Saunders, 1999, Bank entry, competition, and the market for corporate bond 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
  • 17
    • 84977702638 scopus 로고
    • Underwriter compensation and corporate monitoring
    • Hansen, Robert S., and Paul Torregrosa, 1992, Underwriter compensation and corporate monitoring, Journal of Finance 47, 1537-1555.
    • (1992) Journal of Finance , vol.47 , pp. 1537-1555
    • Hansen, R.S.1    Torregrosa, P.2
  • 18
    • 0001581953 scopus 로고
    • Investment banking: Power structure in flux
    • Hayes, Samuel L., III, 1971, Investment banking: Power structure in flux, Harvard Business Review 49, 136-152.
    • (1971) Harvard Business Review , vol.49 , pp. 136-152
    • Hayes III, S.L.1
  • 19
    • 0000125534 scopus 로고
    • Sample selection bias as a specification error
    • Heckman, J. James, 1979, Sample selection bias as a specification error, Econometrica 47, 153-161.
    • (1979) Econometrica , vol.47 , pp. 153-161
    • James, H.J.1
  • 20
    • 84993660190 scopus 로고
    • Relationship-specific assets and the pricing of underwriter services
    • James, Christopher, 1992, Relationship-specific assets and the pricing of underwriter services, Journal of Finance 47, 1865-1885.
    • (1992) Journal of Finance , vol.47 , pp. 1865-1885
    • James, C.1
  • 21
    • 0001457802 scopus 로고
    • The role of market forces in assuring contractual performance
    • Klein, Benjamin, and Keith Leffler, 1981, The role of market forces in assuring contractual performance, Journal of Political Economy 89, 615-641.
    • (1981) Journal of Political Economy , vol.89 , pp. 615-641
    • Klein, B.1    Leffler, K.2
  • 22
    • 0001161944 scopus 로고
    • Unionism and wage rates: A simultaneous equations model with qualitative and limited dependent variables
    • Lee, Lung-Fei, 1978, Unionism and wage rates: A simultaneous equations model with qualitative and limited dependent variables, International Economic Review 19, 415-433.
    • (1978) International Economic Review , vol.19 , pp. 415-433
    • Lee, L.-F.1
  • 23
    • 0040790517 scopus 로고    scopus 로고
    • Investment bank reputation and the underwriting of nonconvertible debt
    • Livingston, Miles, and Robert E. Miller, 2000, Investment bank reputation and the underwriting of nonconvertible debt, Financial Management 29, 21-34.
    • (2000) Financial Management , vol.29 , pp. 21-34
    • Livingston, M.1    Miller, R.E.2
  • 24
  • 25
    • 0141942630 scopus 로고    scopus 로고
    • What is special about the roles of underwriter reputation and market activities in initial public offerings?
    • Logue, Dennis E., Richard J. Rogalski, James K. Seward, and Lynn Foster-Johnson, 2002, What is special about the roles of underwriter reputation and market activities in initial public offerings? Journal of Business 75, 213-243.
    • (2002) Journal of Business , vol.75 , pp. 213-243
    • Logue, D.E.1    Rogalski, R.J.2    Seward, J.K.3    Foster-Johnson, L.4
  • 26
    • 6344270172 scopus 로고    scopus 로고
    • Why has IPO underpricing changed over time?
    • Loughran, Tim, and Jay R. Ritter, 2004, Why has IPO underpricing changed over time? Financial Management 33, 6-37.
    • (2004) Financial Management , vol.33 , pp. 6-37
    • Loughran, T.1    Ritter, J.R.2
  • 29
    • 84977723575 scopus 로고
    • Venture capitalist certification in initial public offerings
    • Megginson, William L., and Kathleen A. Weiss, 1991, Venture capitalist certification in initial public offerings, Journal of Finance 46, 879-904.
    • (1991) Journal of Finance , vol.46 , pp. 879-904
    • Megginson, W.L.1    Weiss, K.A.2
  • 30
    • 0030101180 scopus 로고    scopus 로고
    • Commercial banks in investment banking: Conflict of interest or certification role?
    • Puri, Manju, 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
  • 31
    • 0000952826 scopus 로고
    • Premiums for high quality products as returns to reputations
    • Shapiro, Carl, 1983, Premiums for high quality products as returns to reputations, The Quarterly Journal of Economics 98, 659-679.
    • (1983) The Quarterly Journal of Economics , vol.98 , pp. 659-679
    • Shapiro, C.1
  • 33
    • 84977718972 scopus 로고
    • Anatomy of initial public offerings of common stock
    • Tinic, Seha M., 1988, Anatomy of initial public offerings of common stock, Journal of Finance 43, 789-822.
    • (1988) Journal of Finance , vol.43 , pp. 789-822
    • Tinic, S.M.1
  • 34
    • 19944392883 scopus 로고    scopus 로고
    • Do bank relationships affect the firm's underwriter choice in the corporate bond underwriting market?
    • Yasuda, Ayako, 2005, Do bank relationships affect the firm's underwriter choice in the corporate bond underwriting market? Journal of Finance 60, 1259-1292.
    • (2005) Journal of Finance , vol.60 , pp. 1259-1292
    • Yasuda, A.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.