What is Special about the Roles of Underwriter Reputation and Market Activities in Initial Public Offerings

By Dennis E. Logue, R. J. Rogalski, James K. Seward, Lynn Foster-Johnson. 2002

111 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/40ff0cc4690ef7fd52d3706d8234f7a34ce0680d

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Citations in the corpus

Why Has IPO Underpricing Changed Over Time (2002, unknown): “First, money on the table is state-contingent compensation; the deals leaving a lot of money on the table were the deals where the managers of issuing firms found themselves facing a substantial increase in their personal wealth (Loughran and Ritter, 2002).”
Managerial Agents Watching other Agents: Multiple Agency Conflicts Regarding Underpricing in IPO Firms (2008, methodology): “This variable was calculated as the first-day closing price minus the offer price, divided by the offer price (Certo et al., 2001; Filatotchev & Bishop, 2002; Logue et al., 2002).”
Wanna Dance? How Firms and Underwriters Choose Each Other (2005, unknown): “…and Fulghieri (1994a), Galant (1995), Carter, Dark, and Singh (1998), Stoughton and Zechner (1998), McGough (1999), Ellis, Michaely, and O’Hara (2000), Krigman, Shaw, and Womack (2001), Ljungqvist and Wilhelm (2002), Logue et al. (2002), Ritter and Welch (2002), and Benveniste et al. (2003).”
Strategic IPO Underpricing, Information Momentum, and Lockup Expiration Selling (2002, unknown): “Logue et al. (2002) document that the median firm does not alter the number of shares offered in the IPO.”
Does Poor Performance Damage the Reputation of Financial Intermediaries? Evidence from the Loan Syndication Market (2011, background): “9In related work, Logue et al. (2002) show that there are differences between high- and low reputation underwriters in terms of their pre-and post-issue activities around IPOs.”
Investment Bank Reputation and the Price and Quality of Underwriting Services (2005, methodology): “…document a negative relation between underpricing and underwriter reputation, more recently, Beatty and Welch (1996), Cooney et al. (2001), and Logue et al. (2002) find either the opposite or no relation at all.2 The inconclusive evidence perhaps points to an inherent difficulty in the…”