We examine how investment banks use initial public offerings (IPOs) in relation to their
affiliated mutual funds. The dumping ground hypothesis predicts that the lead underwriter …

In behavioral finance, overconfidence has been established as a prevalent psychological
bias, which can make markets less efficient by creating mispricing in the form of excess …

Purpose–The extant literature on initial public offerings (IPOs) generally assumes that a high
degree of pre‐IPO leverage serves as a positive signal of firm quality as it forces a firm's …

This paper examines institutions that underwrite IPOs and have asset management divisions
from 1993 through 1998. We provide evidence that these firms use asset management funds …

We examine the characteristics of firms using reverse takeovers and self-underwritten IPOs
as an alternative to the traditional underwritten IPO. We find that at the time they go public …

This study examines the ability of underwriters to properly value unfamiliar firms prior to
issuance. I use a sample of IPOs in biotechnology, a relatively new but thriving industry. The …

國小教師參與碩士在職專班學習滿意度與教學效能關係之研究__臺灣博碩士論文知識加值系統
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We present a model in which underwriters “buy” early holding of IPO shares with
underpricing and test the model's empirical implications. Issuers hire underwriters to price …

Anecdotal evidence suggests that underwriters prefer long-term investors among IPO
investors and academic research has shown that long-term ownership improves value of the …

This paper considers the use of underpricing to compensate investors in unseasoned equity
offerings for benefits of long term investment. The compensation is made in twoinstallments; …