IPO Auctions: English, Dutch, ... French, and Internet

By Bruno Biais, A. Faugeron-Crouzet. 2002

169 citations recorded by the source corpus.

Subfields: Accounting, Finance, Management Science and Operations Research

View Paper: https://www.semanticscholar.org/paper/7fb14d6fb1bc3261045e5271ed617169e5af8fd6

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. Jay R. Ritter
2. F. Derrien
3. Ann E. Sherman
4. Kent L. Womack
5. Michelle René Lowry
6. K. Hanley
7. Tim Loughran
8. Igor Filatotchev

In Finance

1. Jay R. Ritter
2. F. Derrien
3. Ann E. Sherman
4. Kent L. Womack
5. K. Hanley
6. Michelle René Lowry
7. Igor Filatotchev
8. Salim Chahine

In Management Science and Operations Research

1. Jay R. Ritter
2. Kent L. Womack
3. Ann E. Sherman
4. F. Derrien

Citations in the corpus

• Differences between European and American IPO Markets (2003, background): “A number of papers have documented the decline of fixed-price mechanisms and auctions for selling IPOs in Europe, and the growth of bookbuilding (Biais and Faugeron, 2002; Sherman, 2002; and Ljungqvist et al., 2003). The mechanism for selling IPOs has been a topic of long-standing interest to resear”
• Auctioned IPOs: The U.S. Evidence (2009, unknown): “Biais and Faugeron-Crouzet (2002), and Biais, Bossaerts, Rochet (2002) take a mechanism-design approach to characterize the optimal IPO mechanism, and show that under certain assumptions, the Mise en Vente, a modified auction 1 WR Hambrecht was also a co-manager in the auctioned IPOs of Google in…”
• Global trends in IPO methods: Book building versus auctions with endogenous entry (2005, background): “For example, Biais and Faugeron-Crouzet (2002) show that the outcome of a dirty Dutch auction is equivalent to the Benveniste and Spindt (1989) book-building solution in this setting.”
• Auctions vs. Bookbuilding and the Control of Underpricing in Hot IPO Markets (2003, background): “21 See, for instance, Leleux (1993) for a summary of the results found in previous studies, and Biais and Faugeron-Crouzet (2002) for more recent results.”
• Investment Banking and Securities Issuance (2003, background): “Biais and Faugeron (2002), Sherman (2001), and others argue that book-building is a superior mechanism for selling IPOs relative to auctions.”
• The Initial Public Offerings of Listed Firms (2007, unknown): “Biais and Faugeron-Crouzet (2002), Derrien and Womack (2003), and others argue that well-designed auctions are just as good at extracting information.”
• Tilting the Supply Schedule to Enhance Competition in Uniform-Price Auctions (2002, unknown): “This theoretical result is confirmed in Biais and Faugeron-Crouzet (2002).”