Does Underwriter Reputation Affect the Performance of IPO Stocks?

Does Underwriter Reputation Affect the Performance of IPO Stocks?

In this paper we examine the relationship between performance of the Chinese IPO firms and the reputation of investment bankers underwriting their stocks. Similar to previous studies on well-developed stock markets, we find that the initial return on the first day of trading is strongly positive for...

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Bibliographic Details
Main Authors: WU, Chunchi, LIU, Sheen, WANG, Junbo
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2003
Subjects:
IPO
Stock Market
Stocks
China
Asian Studies
Business
Finance and Financial Management
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/834
https://ink.library.smu.edu.sg/context/lkcsb_research/article/1833/viewcontent/Does_Underwriter_Reputation_Affect_the_Performance_of_IPO_Issues_.pdf
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Institution: Singapore Management University
Language: English

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https://ink.library.smu.edu.sg/lkcsb_research/834
https://ink.library.smu.edu.sg/context/lkcsb_research/article/1833/viewcontent/Does_Underwriter_Reputation_Affect_the_Performance_of_IPO_Issues_.pdf

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