Why Do Firms Switch Underwriters

By L. Krigman, Kent L. Womack. 2000

433 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/0a3827cee8d2b2348862ea358ff3b75867d3f9c3

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In Strategy and Management

Citations in the corpus

The Role of IPO Underwriting Syndicates: Pricing, Information Production, and Underwriter Competition (2005, background): “Krigman, Shaw, and Womack (2001) report that many issuers choose a book manager because it is the only one that will underwrite their IPO.”
Affiliated mutual funds and analyst optimism (2007, neutral): “Krigman, Shaw, and Womack (2001) suggest that one reason companies change to a new underwriter for managing an SEO is to get higher-quality research coverage.”
An analysis of advisor choice, fees, and effort in mergers and acquisitions (2003, result): “7 Our finding is also consistent with the results reported by Krigman and Womack (2001), who examined why firms switched their lead underwriter in the initial public offerings.”
Why Has IPO Underpricing Changed Over Time (2002, neutral): “The Krigman, Shaw, and Womack (2001) survey of issuing firms finds that one of the most important reasons to switch underwriters in a seasoned offering is to seek additional and influential analyst coverage from the new banker.”
Standing out from the crowd: the visibility-enhancing effects of IPO-related signals on alliance formation by entrepreneurial firms (2007, background): “, 2001; Zuckerman, 1999), and as such their coverage of a newly public firm can be helpful in legitimating the organization and allowing it to attract resources (Krigman et al., 2001).”
On the Benefits of Concurrent Lending and Underwriting (2005, neutral): “, Krigman et al. (2001), Fernando et al.”
The Role of Lockups in Initial Public Offerings (2003, background): “The net gain/loss of lead all-star coverage after the SEO formed as in Krigman, Shaw, and Womack (2001), by collecting information on analyst inclusion in the first, second, or third All-America research team.”
Analysts' Selective Coverage and Subsequent Performance of Newly Public Firms (2006, background): “Issuers of IPOs often cite analyst coverage as a major determinant of their choice of underwriters (Krigman et al., 2001).”
Managing Underwriters and the Marketing of Seasoned Equity Offerings (2010, neutral): “Many investment banks provide research coverage on a stock with the expectation of being chosen as managing underwriters (Krigman, Shaw, and Womack (2001), Ljungqvist, Marston, and Wilhelm (2006), (2009)).”
Analyst Coverage and the Cost of Raising Equity Capital: Evidence from Underpricing of Seasoned Equity Offerings (2008, background): “For example, Krigman et al. (2001) find that firms conducting SEOs Analyst coverage and the cost of raising equity capital page 5 within three years of an IPO switch lead underwriters to improve analyst coverage.”