Does Prospect Theory Explain IPO Market Behavior

By Alexander P. Ljungqvist, William J. Wilhelm. 2005

179 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/6c604313520ab7074924467fbb211071be81b300

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Citations in the corpus

Scaling the Hierarchy: How and Why Investment Banks Compete for Syndicate Co-Management Appointments (2009, background): “13 This recalls earlier findings that the provision of coverage influences the lead manager choice of recent IPO firms for their first seasoned equity offering (SEO); see Cliff and Denis (2004) and Ljungqvist and Wilhelm (2005).”
Financial Wealth, Socioemotional Wealth, and IPO Underpricing in Family Firms: A Two-stage Gamble Model (2017, background): “…owners obtain new information and develop a new sense of firm value, they may revise the terms of the offering, such as the amount of ownership retained (Ljungqvist & Wilhelm, 2005), the timing of the IPO (Jenkinson & Jones, 2004), and the choice of underwriters (Krigman, Shaw, & Womack, 2001).”
Investor attention, psychological anchors, and stock return predictability (2012, background): “…(2004), other notable papers which study the effect of anchoring include Odean (1998) and Grinblatt and Keloharju (2001) on individual trading, Ljungqvist and Wilhelm (2005) on IPO underpricing, Hart and Moore (2008) on contracting, and Baker, Pan, and Wurgler (2009) on mergers and…”
A Cross-Disciplinary Exploration of Entrepreneurship Research (2007, background): “In a similar study, Ljungqvist and Wilhelm (2005) examine why firms choose to switch from using their IPO underwriter to a different underwriter when there are subsequent securities offerings.”
The effect of reference point prices on mergers and acquisitions (2012, background): “Loughran and Ritter (2002) propose that reference-point preferences and mental accounting help to explain IPO underpricing, a view tested by Ljungqvist and Wilhelm (2005).”
Do Investment Banks Matter for M&A Returns? (2011, unknown): “Ljungqvist and Wilhelm (2005) find that 64.1% of equity issuers used the same underwriter for their IPO and first SEO.”
Do Managers Overreact to Salient Risks? Evidence from Hurricane Strikes (2017, background): “, 2005), such as reference point thinking (Baker, Pan and Wurgler, 2012; Baker and Xuan, 2011; Loughram and Ritter, 2002; Ljungqvist and Wilhelm, 2005; Dougal et al., 2011).”