The Effect of Banking Relationships on the Firm's IPO Underpricing

By Carola Schenone. 2004

284 citations recorded by the source corpus.

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/75d846eec321f1f5c736356e4663f8f0ddefde42

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. Justin W. Webb
2. R. Duane Ireland
3. Massimo Massa
4. Paul D. Oyer
5. N. Dass
6. Todd Milbourn
7. Thomas H. Allison
8. A. Mckenny

In Finance

1. R. Duane Ireland
2. Massimo Massa
3. Paul D. Oyer
4. Justin W. Webb
5. N. Dass
6. Till M. von Wachter
7. Florian S. Peters
8. Alexander F. Wagner

Citations in the corpus

• The Making of an Investment Banker: Stock Market Shocks, Career Choice, and Lifetime Income (2008, background): “Others have shown the value of bundling financial services (see, for example, Schenone (2004), Lin and McNichols (1998), and Michaely and Womack (1999)), so finance-specific human capital may also be built through developing a network within one’s own firm.”
• Banking and Trading (2012, unknown): “…a vast literature on the costs and benefits of combining commercial and investment banking, in particular whether underwriting that follows prior lending relationships has biased standards (see Puri, 1996, and Krosner and Rajan, 1994, Fang et al., 2010) or benefits from synergies (Schenone, 2004).”
• A Cross-Disciplinary Exploration of Entrepreneurship Research (2007, background): “Schenone (2004) investigated how pre-IPO banking relationships with prospective underwriters reduced the information asymmetry between the firm and potential investors.”
• The Impact of a Strong Bank-Firm Relationship on the Borrowing Firm (2011, background): “…or consulting activities of investment banks around M&A deals, IPOs, and bond-issues have been highlighted in the literature (e.g., Puri 1996; Schenone 2004; Ritter and Zhang 2007), the informational and liquidity implications of the lending activity of the commercial banks have hardly been…”
• Banks’ size, scope and systemic risk: What role for conflicts of interest? (2015, unknown): “, Demsetz and Strahan (1997), DeLong (2001), Stiroh and Rumble (2006), Stiroh (2006b), Baele, De Jonghe, and Vander Vennet (2007)).”
• Why Do Firms Form New Banking Relationships (2011, unknown): “While a large literature in finance argues that strong banking relationships can mitigate information and agency problems,1 the literature is ambiguous about the effect of such banking relationships on firm financial constraints: The relationship bank can use its private information to make more inf”