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- W1996198312 abstract "This article examines the interaction between underwriter reputation and market activities during the initial public offering (IPO) process. Underwriter reputation is a significant determinant of premarket underwriter activities, weakly related to aftermarket price stabilization activities, and unrelated to issuer returns. Premarket underwriter activities are a significant determinant of issue-date returns and aftermarket underwriter activities, but are unrelated to longer-run returns. Aftermarket underwriter activities are significantly related to longer-run returns. The results suggest that simultaneous consideration of underwriter reputation and market activities is important if proper inferences about the IPO process and investor returns are to be drawn." @default.
- W1996198312 created "2016-06-24" @default.
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- W1996198312 date "2003-11-22" @default.
- W1996198312 modified "2023-09-23" @default.
- W1996198312 title "What is Special about the Roles of Underwriter Reputation and Market Activities in Initial Public Offerings" @default.
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