Investment Banking and Securities Issuance

By Jay R. Ritter. 2003

429 citations recorded by the source corpus.

Subfields: Accounting, Finance, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/1dbcf3d3e3e4c278f073694d0b52960dbd83a93f

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Citations in the corpus

Real Options, Volatility, and Stock Returns (2012, positive): “Similar to the investment spike-based tests, we want to ensure that the SEObased results are not caused by a run-up prior to SEOs and low returns following SEOs (e.g., Loughran and Ritter (1995) and Ritter (2003)).”
Managing Underwriters and the Marketing of Seasoned Equity Offerings (2010, positive): “13 It is also possible that the intensity of analyst coverage prior to the offer captures part of the marketing effort by analysts as suggested by Ritter (2003). This would weaken the marketing effect captured by the number of managing underwriters.”
The Real Effects of Short-Selling Constraints (2014, neutral): “Subrahmanyam and Titman (2001), Khanna and Sonti (2004) and Goldstein, Ozdenoren, and Yuan (2013), among others, examine alternative mechanisms through which stock prices can affect firms’ fundamentals.”
Partial Adjustment to Public Information and IPO Underpricing (2002, background): “Ritter (1984) extended this study using a later time period and found that hot issue markets continued to exist.”
The Book-to-Price Effect in Stock Returns: Accounting for Leverage (2007, positive): “Prior research has shown a strong negative relation between external financing activity and future stock returns (e.g., Ritter, 2003 and Bradshaw, Richardson and Sloan 2005).”
The Maturity of Debt Issues and Predictable Variation in Bond Returns (2003, neutral): “See Baker and Wurgler (2002) and Ritter (2003) for more comprehensive surveys of the market timing literature.”
The U.S. left behind? Financial globalization and the rise of IPOs outside the U.S. (2013, background): “There is, after all, a vast literature that focuses on the role of investor sentiment and growth opportunities for IPOs (Loughran and Ritter, 1995; Ritter, 2003), which may have influenced why IPO activity in the U.S. was more robust in the 1990s.”
Differences between European and American IPO Markets (2003, background): “Loughran and Ritter (2003), in the context of US IPOs, argue that issuers placed more and more attention on favourable analyst coverage as valuations increased during the 1990s, resulting in the IPO underwriting industry becoming less competitive.”
Average Returns, B/M, and Share Issues (2008, background): “(See Mitchell and Stafford 2000 and Ritter 2003 for summaries of previous work and references.)”