Matches in SemOpenAlex for { <https://semopenalex.org/work/W2913016621> ?p ?o ?g. }
Showing items 1 to 75 of
75
with 100 items per page.
- W2913016621 abstract "We examine a comprehensive set of 540 pre-IPO analyst reports made available to investors and the broker's sales force in the course of marketing equity IPOs in France over the period 1990-2002. Exploiting exogenous variation in the behavior of affiliated and independent analysts caused by wellknown conflicts of interest, we find that analyst reports are used to hype the issuer's stock in harder to-place offerings, i.e., when more stock is reserved for allocation to retail investors. Moreover, retail (but not institutional) demand is stimulated by hype, and this demand boost in turn enables the underwriting bank to increase the offer price for the benefit of its corporate client. Over the first year of trading, hyped stocks underperform non-hyped stocks by a wide margin. These results underscore the marketing (as opposed to information production) role of research analysts. They also suggest that analysts sometimes pander to certain psychological biases retail investors may be prone to, consistent with recent theoretical models." @default.
- W2913016621 created "2019-02-21" @default.
- W2913016621 creator A5014775769 @default.
- W2913016621 creator A5021139306 @default.
- W2913016621 creator A5084233777 @default.
- W2913016621 date "2008-01-01" @default.
- W2913016621 modified "2023-10-01" @default.
- W2913016621 title "Marketing Financial Claims" @default.
- W2913016621 doi "https://doi.org/10.2139/ssrn.1103403" @default.
- W2913016621 hasPublicationYear "2008" @default.
- W2913016621 type Work @default.
- W2913016621 sameAs 2913016621 @default.
- W2913016621 citedByCount "6" @default.
- W2913016621 countsByYear W29130166212014 @default.
- W2913016621 countsByYear W29130166212016 @default.
- W2913016621 countsByYear W29130166212020 @default.
- W2913016621 crossrefType "journal-article" @default.
- W2913016621 hasAuthorship W2913016621A5014775769 @default.
- W2913016621 hasAuthorship W2913016621A5021139306 @default.
- W2913016621 hasAuthorship W2913016621A5084233777 @default.
- W2913016621 hasConcept C10138342 @default.
- W2913016621 hasConcept C12559387 @default.
- W2913016621 hasConcept C127413603 @default.
- W2913016621 hasConcept C138170105 @default.
- W2913016621 hasConcept C144133560 @default.
- W2913016621 hasConcept C162324750 @default.
- W2913016621 hasConcept C162853370 @default.
- W2913016621 hasConcept C17744445 @default.
- W2913016621 hasConcept C199539241 @default.
- W2913016621 hasConcept C199728807 @default.
- W2913016621 hasConcept C204036174 @default.
- W2913016621 hasConcept C26503482 @default.
- W2913016621 hasConcept C556758197 @default.
- W2913016621 hasConcept C78519656 @default.
- W2913016621 hasConceptScore W2913016621C10138342 @default.
- W2913016621 hasConceptScore W2913016621C12559387 @default.
- W2913016621 hasConceptScore W2913016621C127413603 @default.
- W2913016621 hasConceptScore W2913016621C138170105 @default.
- W2913016621 hasConceptScore W2913016621C144133560 @default.
- W2913016621 hasConceptScore W2913016621C162324750 @default.
- W2913016621 hasConceptScore W2913016621C162853370 @default.
- W2913016621 hasConceptScore W2913016621C17744445 @default.
- W2913016621 hasConceptScore W2913016621C199539241 @default.
- W2913016621 hasConceptScore W2913016621C199728807 @default.
- W2913016621 hasConceptScore W2913016621C204036174 @default.
- W2913016621 hasConceptScore W2913016621C26503482 @default.
- W2913016621 hasConceptScore W2913016621C556758197 @default.
- W2913016621 hasConceptScore W2913016621C78519656 @default.
- W2913016621 hasLocation W29130166211 @default.
- W2913016621 hasOpenAccess W2913016621 @default.
- W2913016621 hasPrimaryLocation W29130166211 @default.
- W2913016621 hasRelatedWork W1526212031 @default.
- W2913016621 hasRelatedWork W1568048975 @default.
- W2913016621 hasRelatedWork W1605625280 @default.
- W2913016621 hasRelatedWork W2023036348 @default.
- W2913016621 hasRelatedWork W2041486153 @default.
- W2913016621 hasRelatedWork W2051260012 @default.
- W2913016621 hasRelatedWork W2129838692 @default.
- W2913016621 hasRelatedWork W2273807026 @default.
- W2913016621 hasRelatedWork W2383174848 @default.
- W2913016621 hasRelatedWork W2391531710 @default.
- W2913016621 hasRelatedWork W2590368885 @default.
- W2913016621 hasRelatedWork W2802735346 @default.
- W2913016621 hasRelatedWork W3123293316 @default.
- W2913016621 hasRelatedWork W3125992241 @default.
- W2913016621 hasRelatedWork W3127981531 @default.
- W2913016621 hasRelatedWork W3156374383 @default.
- W2913016621 hasRelatedWork W3167775295 @default.
- W2913016621 hasRelatedWork W3183781130 @default.
- W2913016621 hasRelatedWork W3196999561 @default.
- W2913016621 hasRelatedWork W1690905752 @default.
- W2913016621 isParatext "false" @default.
- W2913016621 isRetracted "false" @default.
- W2913016621 magId "2913016621" @default.
- W2913016621 workType "article" @default.