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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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2003
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| Subjects: | |
| 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 |