Local Underwriter Oligopolies and IPO Underpricing
By Xiaoding Liu, Jay R. Ritter. 2011
305 citations recorded by the source corpus.
Subfields: Accounting, Finance
View Paper: https://www.semanticscholar.org/paper/24a0e5878c4b89a5799bfc9bb2f758ee16eae41c
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Accounting
- Tao Chen
- Jarrad Harford
- Chen Lin
- Jay R. Ritter
- Amy K. Dittmar
- Evgeny Lyandres
- Tim Loughran
- Rongbing Huang
In Finance
- Chen Lin
- Jarrad Harford
- Tao Chen
- Jay R. Ritter
- Amy K. Dittmar
- Rongbing Huang
- Evgeny Lyandres
- R. Duchin
Citations in the corpus
- Determinants of Corporate Cash Policy: Insights from Private Firms (2013, unknown): “Liu and Ritter (2011) show that industry-level underwriter concentration increases the cost of going public—IPO underpricing.”
- Do Analysts Matter for Governance? Evidence from Natural Experiments (2015, methodology): “25 For more information about the construction of the dataset, see Liu and Ritter (2010, 2011).”
- Equilibrium in the Initial Public Offerings Market (2011, background): “Empirically, Liu and Ritter (2011) find that for U.S. IPOs from 1993-2008, if a bookrunner has an all-star analyst who covers the firm within 12 months of the offer date, the first-day return is 9% higher, consistent with the findings of Cliff and Denis (2004).”