Industry clustering of initial public offerings

Managerial and Decision Economics

Volumn 27, Issue 1, 2006, Pages 1-20

  Jain, Bharat A ^a   Kini, Omesh ^b  

^a TOWSON UNIVERSITY   (United States)

^b GEORGIA STATE UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 31344439779     PISSN: 01436570     EISSN: None     Source Type: Journal    
DOI: 10.1002/mde.1245     Document Type: Article

References (32)

1. Audretsch DB. 1995. Innovation, growth, and survival. International Journal of Industrial Organization 13: 441-457.
2. Barber BM, Lyon JD. 1996. Detecting abnormal operating performance: the empirical power and application of test statistics. Journal of Financial Economics 41: 359-399.
3. Bayless M, Chaplinsky S. 1996. Is there a window of opportunity for seasoned equity issuance? Journal of Finance 51: 253-278.
4. Benninga S, Helmantel M, Sarig O. 2005. The timing of initial public offerings. Journal of Financial Economics, 75: 115-132.
5. Benveniste LM, Busaba W, Wilhelm W. 2002. Information externalities and the role of underwriters in the primary markets. Journal of Financial Intermediation 11: 61-86.
6. Bradley M, Jarrell G, Kim E. 1984. On the existence of an optimal capital structure. Journal of Finance 39: 857-878.
7. Brau JC, Francis B, Kohers N. 2003. The choice of IPO versus takeover: empirical evidence. Journal of Business 76: 583-612.
8. Brav A, Gompers PA. 1997. Myth or reality? The long-run underperformance of initial public offerings, evidence from venture and non-venture-backed companies. Journal of Finance 52: 1791-1821.
9. Carter RB, Dark FH, Singh AK. 1998. Underwriter reputation, initial returns, and the long-run performance of IPO stocks. Journal of Finance 53: 285-311.
10. Carter NM, Stearns TM, Reynolds PD, Miller BA. 1994. New venture strategies: theory development with an empirical base. Strategic Management Journal 15:21-41.
11. Hansen RS, Torregrosa P. 1992. Underwriter compensation and corporate monitoring. Journal of Finance 57: 1537-1555.
12. Helwege J, Liang N. 1996. Is there a pecking order? Evidence from a panel of IPO firms. Journal of Financial Economics 40: 429-458.
13. Helwege J, Liang N. 2004. Initial public offerings in hot and cold markets. Journal of Financial and Quantitative Analysis 39: 541-570.
14. Holmstrom B, Costa R. 1996. Managerial incentives and capital management. Quarterly Journal of Economics 101: 835-860.
15. Jain BA, Kini O. 1994. The post-issue operating performance of IPO firms. Journal of Finance 49: 1699-1726.
16. Jain BA, Kini O. 1995. Venture capital participation and the post-issue operating performance of IPO firms. Managerial and Decision Economics 16: 593-606.
17. Jain BA, Kini O. 1999. On investment bank monitoring in the new issues market. Journal of Banking and Finance 23: 49-84.
18. Lerner J. 1994. Venture capitalists and the decision to go public. Journal of Financial Economics 35: 293-316.
19. Long MS, Malitz EB. 1985. Investment patterns and financial leverage. In Corporate Capital Structures in the United States, Friedman M (ed.). The University of Chicago Press: Chicago and London.
20. Lowry M. 2003. Why does IPO volume fluctuate so much? Journal of Financial Economics 67: 3-40.
21. Lowry M, Schwert G. 2002. IPO market cycles: bubbles or sequential learning? Journal of Finance 57: 1171-1200.
22. Lucas D, McDonald R. 1990. Equity issues and stock market dynamics. Journal of Finance 45: 1019-1043.
23. Maksimovic V, Pichler P. 2001. Technological innovation and initial public offerings. Review of Financial Studies 14: 459-494.
24. Meulbroek L, Mitchell ML, Mulherin JH, Netter J, Poulsen A. 1990. Shark repellents and managerial myopia: an empirical test. Journal of Political Economy 98: 1108-1117.
25. Mitchell ML, Mulherin JH. 1996. The impact of industry shocks on takeover and restructuring activity. Journal of Financial Economics 41: 193-229.
26. Montgomery CA. 1985. Product-market diversification and market power. Academy of Management Journal 28: 789-798.
27. Pagano M, Panetta F, Zingales L. 1998. Why do companies go public? An empirical analysis. Journal of Finance 53: 27-64.
28. Rajan R, Servaes H. 2003. The effect of market conditions on initial public offerings. In Venture Capital Contracting and the Valuation of High-tech Firms, McCahery J, Renneboog L (eds). Oxford University Press: Oxford.
29. Ritter JR. 1984. The 'hot issue' market of 1980. Journal of Business 57: 215-241.
30. Sharma A, Kesner IF. 1996. Diversifying entry: some ex ante explanation for post entry survival and growth. Academy of Management Journal 39: 635-677.
31. Slovin MB, Sushka ME, Ferraro SR. 1995. A comparison of the information conveyed by equity carve-outs, spin-offs, and asset sell-offs, Journal of Financial Economics 37: 89-104.
32. White H. 1980. A heteroskedasticity consistent covariance matrix estimator and a direct test for heteroskedasticity. Econometrica 48: 817-838.