Disclosure Choice and Cost of Capital: Evidence from Underpricing in Initial Public Offerings

By Catherine Schrand, Robert E. Verrecchia. 2005

114 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/11e762e948353703e45f30cfd4c041e2c8a6f2c1

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Citations in the corpus

The Effects of Information Disclosure and Board Independence on IPO Discount** (2008, unknown): “…whereas others associate it with greater underpricing measured by the difference between the first-daytrading closing price and the offer price (e.g., Schrand and Verrecchia 2005; Daily et al. 2003), suggesting that the aftermarket price provides a good proxy for an intrinsic value of the IPO firm.”
The role of information asymmetry and financial reporting quality in debt trading: Evidence from the secondary loan market $ (2008, unknown): “…therefore 1 See, for example, Copeland and Galai (1983), Glosten and Milgrom (1985), Kyle (1985), Amihud and Mendelson (1986), Diamond and Verrecchia (1991), Botosan (1997), Leuz and Verrecchia (2000), Easley et al. (2002), Easley and O’Hara (2004), Ertimur (2004) and Schrand and Verrecchia (2005).”
Determinants of intellectual capital disclosure in prospectuses of initial public offerings (2008, background): “Schrand and Verrecchia (2004) report disclosure research can be categorised into three main streams: (1) nature and type of information reported; (2) determinants underlying disclosure; and (3) consequences of accounting information disclosures.”
Do Liquidity Measures Measure Liquidity (2009, unknown): “Kalev, Pham, and Steen (2003), Dennis and Strickland (2003), Cao, Field, and Hanka (2004), Lipson and Mortal (2004a), Schrand and Verrecchia (2004), Lesmond, O’Connor, and Senbet (2008), and many others examine the impact of corporate finance events on stock liquidity.”