Friends can help: The effects of relationship in the Chinese book-building process
Using detailed bidding information in Chinese IPO book-building process, we find that institutional investors who have a close relationship with the underwriter are more likely to participate in bidding and their bidding prices are higher, compared to other institutional investors. We also find that...
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| Main Authors: | , , , |
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| 格式: | text |
| 語言: | English |
| 出版: |
Institutional Knowledge at Singapore Management University
2023
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| 主題: | |
| 在線閱讀: | https://ink.library.smu.edu.sg/soa_research/2021 https://ink.library.smu.edu.sg/context/soa_research/article/3048/viewcontent/Friends_can_help.pdf |
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