Endogenous Entry and Partial Adjustment in IPO Auctions: Are Institutional Investors Better Informed?

By Yao-Min Chiang, Yiming Qian, Ann E. Sherman. 2010

125 citations recorded by the source corpus.

Subfields: Accounting, Finance, Management Science and Operations Research

View Paper: https://www.semanticscholar.org/paper/683476af9c353be5715cc1888696ff0fa97a2fc8

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. David A. Hirshleifer
2. Roni Michaely
3. Ekaterina Volkova
4. Yiming Qian
5. Yao-Min Chiang
6. Michelle René Lowry
7. Ann E. Sherman
8. Jay R. Ritter

In Finance

1. David A. Hirshleifer
2. Roni Michaely
3. Ekaterina Volkova
4. Yiming Qian
5. Yao-Min Chiang
6. Michelle René Lowry
7. Ann E. Sherman
8. Jay R. Ritter

In Management Science and Operations Research

1. Yao-Min Chiang
2. Yiming Qian
3. David A. Hirshleifer
4. Roni Michaely
5. Michelle René Lowry
6. Ann E. Sherman

Citations in the corpus

• Do Investors Learn from Experience? Evidence from Frequent IPO Investors (2011, background): “Chiang, Qian, and Sherman (2010) document that institutional investors are informed bidders with sophisticated bidding strategies, while individual investors are not.”
• Initial Public Offerings: A synthesis of the Literature and Directions for Future Research (2018, background): “Consistent with this argument, Cliff and Denis (2004) find that underpricing is higher among issues brought public by underwriters with an all-star analyst covering the issuer’s industry.”
• Auctioned IPOs: The U.S. Evidence (2009, unknown): “Liu, Wei and Liaw (2001), Lin, Lee, and Liu (2007), and Chiang, Qian, and Sherman (2008) analyze bidding in Taiwanese auctioned IPOs.”