The Quiet Period Goes out with a Bang

By D. Bradley, Bradford D. Jordan, Jay R. Ritter. 2003

342 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/2ecad14f8e8781fc2ac300727a6166427b303ece

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Citations in the corpus

Discounting and Clustering in Seasoned Equity Offering Prices (2004, background): “Bradley, Jordan, and Ritter (2003), in examination of a sample of IPOs during 1996–2000, report that the more analysts initiating coverage, the more positive the abnormal returns for the issuer at the end of the quiet period.”
Investment Banking and Securities Issuance (2003, background): “Bradley, Jordan and Ritter (2003) report average market-adjusted returns of 3% in the week surrounding the end of the quiet period.”
Analyst Behavior Following IPOs: The “Bubble Period” Evidence (2008, methodology): “For example, in Table 1, over half of all recommendations are made by deal managers, and, from Bradley, Jordan, and Ritter (2003), we know that typically the deal 3 In 2002, after the end of our sample period, most major securities firms switched to a three-point classification scheme in…”
Analyst Coverage and the Cost of Raising Equity Capital: Evidence from Underpricing of Seasoned Equity Offerings (2008, methodology): “In contrast, a positive market impact of initiation of analyst coverage, as found in Branson et al. (1998) and Bradley et al. (2003), does not necessarily imply a reduction in the cost of capital because initiation of analyst coverage is almost always associated with favorable stock recommendations…”
Initial Public Offerings: An Analysis of Theory and Practice (2004, neutral): “Booth and Chua (1996) argue that underpricing helps ensure a wide-base of owners to increase the liquidity of the newly public firm. Along similar lines, Brennan and Franks (1997) agree that underpricing allows for a wide-base of owners but argue the motivation is to entrench management. Siconolfi (”
Strategic IPO Underpricing, Information Momentum, and Lockup Expiration Selling (2002, neutral): “Bradley et al. (2001) provide evidence that six-month returns through the end of the lockup period are positively related to the number of analysts initiating research coverage.”
Do Initial Public Offering Firms Purchase Analyst Coverage with Underpricing (2004, background): “14 Consistent with Bradley et al. (2003), this is more common in the earlier years of our sample period.”
Affiliated mutual funds and analyst optimism (2007, neutral): “Bradley, Jordan, and Ritter (2003) note that analyst rating schemes are not standardized, and can vary from one firm to another, so we use the standard IBES recommendations.”