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The role of IPO underwriting syndicates : pricing, information production, and underwriter competition

Corwin, Shane A - ; Schultz, Paul - ;

We examine syndicates for 1,638 IPOs from January 1997 through June 2002. We find strong evidence of information production by syndicate members. Offer proces are more likely to be revised in response to information when the syndicate has more underwriters and especially more co-managers. More co-managers also result in more analyst coverage and additional market makers following the IPO..Printed Journal


Ketersediaan

Call NumberLocationAvailable
PSB lt.dasar - Pascasarjana1
Penerbit: The American Finance Association
Edisi-
Subjek-
ISBN/ISSN00221082
Klasifikasi-
Deskripsi Fisik-
Info Detail Spesifik-
Other Version/RelatedTidak tersedia versi lain
Lampiran BerkasTidak Ada Data

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