메뉴 건너뛰기




Volumn 26, Issue 2, 2006, Pages 165-176

The market for new issues: Impact of offering price on price support and underpricing

Author keywords

Initial public offering; IPO; Price support; Underpricing

Indexed keywords


EID: 31144464433     PISSN: 0924865X     EISSN: 15737179     Source Type: Journal    
DOI: 10.1007/s11156-006-7214-z     Document Type: Review
Times cited : (4)

References (18)
  • 1
    • 0040805978 scopus 로고    scopus 로고
    • Stabilization activities by underwriters after initial public offerings
    • Aggrawal, Reena, "Stabilization Activities by Underwriters after Initial Public Offerings." Journal of Finance 55, 1075-1103 (2000).
    • (2000) Journal of Finance , vol.55 , pp. 1075-1103
    • Aggrawal, R.1
  • 2
    • 45349112870 scopus 로고
    • Signaling by underpricing in the IPO market
    • Allen, Franklin and Gerald Faulhaber, "Signaling by Underpricing in the IPO Market." Journal of Financial Economics 23, 303-323 (1989).
    • (1989) Journal of Financial Economics , vol.23 , pp. 303-323
    • Allen, F.1    Faulhaber, G.2
  • 3
    • 0039835888 scopus 로고    scopus 로고
    • Evidence on price stabilization and underpricing in early IPO returns
    • Asquith, Daniel, Jones, Jonathan D. and Kieschnick, Robert, "Evidence on Price Stabilization and Underpricing in Early IPO Returns." The Journal of Finance, 63, 1759-1773 (1998).
    • (1998) The Journal of Finance , vol.63 , pp. 1759-1773
    • Asquith, D.1    Jones, J.D.2    Kieschnick, R.3
  • 4
    • 0002093530 scopus 로고
    • The degree of price resolution: The case of the gold market
    • Ball, C., W. Torous and A. Tschoegl, "The Degree of Price Resolution: The Case of the Gold Market." Journal of Futures Markets 5, 29-43 (1985).
    • (1985) Journal of Futures Markets , vol.5 , pp. 29-43
    • Ball, C.1    Torous, W.2    Tschoegl, A.3
  • 5
    • 33845397012 scopus 로고
    • A model of the demand of investment banking advising and distribution services for new issues
    • Baron, David, "A model of the Demand of Investment Banking Advising And Distribution Services for New Issues." Journal of Finance 37, 955-976 (1982).
    • (1982) Journal of Finance , vol.37 , pp. 955-976
    • Baron, D.1
  • 7
    • 0039184677 scopus 로고
    • How investment bankers determine the offer price and allocation of new issues
    • Benveniste, Lawrence M, and Paul Spindt, "How Investment Bankers Determine the Offer price and Allocation of New Issues." Journal of Financial Economics 24, 343-361 (1989).
    • (1989) Journal of Financial Economics , vol.24 , pp. 343-361
    • Benveniste, L.M.1    Spindt, P.2
  • 8
    • 0001853491 scopus 로고
    • Initial public offerings: Daily returns, offering types and the price effect
    • Chalk, Andrew J. and John W. Peavy III, "Initial Public Offerings: Daily Returns, Offering Types and the Price Effect." Financial Analyst Journal 43, 65-69 (1987).
    • (1987) Financial Analyst Journal , vol.43 , pp. 65-69
    • Chalk, A.J.1    Peavy III, J.W.2
  • 10
    • 43949164598 scopus 로고
    • The underpricing of IPOs and the partial adjustment phenomenon
    • Hanley, Kathleen Weiss, "The Underpricing of IPOs and the Partial Adjustment Phenomenon." Journal of Financial Economics 34, 231-250 (1993).
    • (1993) Journal of Financial Economics , vol.34 , pp. 231-250
    • Hanley, K.W.1
  • 14
    • 0013356812 scopus 로고    scopus 로고
    • Why has IPO underpricing changed over time?
    • Loughran, T. and J. R. Ritter, "Why Has IPO Underpricing Changed Over Time?" Working paper, 2004.
    • (2004) Working Paper
    • Loughran, T.1    Ritter, J.R.2
  • 15
    • 0000423667 scopus 로고
    • Why new issues are under priced
    • Rock, Kevin, "Why New Issues Are Under Priced." Journal of Financial Economics 15, 187-212 (1986).
    • (1986) Journal of Financial Economics , vol.15 , pp. 187-212
    • Rock, K.1
  • 16
    • 0001145095 scopus 로고
    • Underwriter price support and the IPO underpricing puzzle
    • Ruud, Judith S., "Underwriter Price Support and the IPO Underpricing Puzzle." Journal of Financial Economics 34, 135-151 (1993).
    • (1993) Journal of Financial Economics , vol.34 , pp. 135-151
    • Ruud, J.S.1
  • 17
    • 0031234437 scopus 로고    scopus 로고
    • Share price and mortality: An empirical evaluation of newly listed nasdaq stocks
    • Seguin, Paul J. and M. M. Smoller, "Share Price and Mortality: An Empirical Evaluation of Newly Listed Nasdaq Stocks." Journal of Financial Economics 45, 333-364 (1997).
    • (1997) Journal of Financial Economics , vol.45 , pp. 333-364
    • Seguin, P.J.1    Smoller, M.M.2
  • 18
    • 84977703615 scopus 로고
    • Seasoned offering, imitation costs, and the underpricing of initial public offerings
    • Welch, Ivo, "Seasoned Offering, Imitation Costs, and the Underpricing of Initial Public Offerings." Journal of Finance 44, 421-449 (1989).
    • (1989) Journal of Finance , vol.44 , pp. 421-449
    • Welch, I.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.