IPO Underpricing: A Meta–Analysis and Research Synthesis
By C. Daily, S. Certo, Dan R. Dalton, Rungpen Roengpitya. 2003
258 citations recorded by the source corpus.
Subfields: Accounting, Strategy and Management
View Paper: https://www.semanticscholar.org/paper/80d2fb5109c9b2cb2e2798c4ab8bff4dffb28bba
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Accounting
- Igor Filatotchev
- Garry D. Bruton
- R. Hoskisson
- Salim Chahine
- Mike Wright
- Mike W. Peng
- Dawn R. DeTienne
- Melissa S. Cardon
In Strategy and Management
- Garry D. Bruton
- Jan Mouritsen
- Igor Filatotchev
- P. N. Bukh
- Christian Nielsen
- Salim Chahine
- Richard A. Johnson
- R. Hoskisson
Citations in the corpus
- Disclosure of information on intellectual capital in Danish IPO prospectuses (2005, background): “It has also been claimed by Daily et al. (2003) that IPO prospectuses are likely to be especially accurate because companies are liable for any misleading or inaccurate information.”
- Managerial Agents Watching other Agents: Multiple Agency Conflicts Regarding Underpricing in IPO Firms (2008, background): ““Underpricing” represents the difference between the first-day closing price and the offer price of an IPO stock ( Daily, Certo, Dalton, & Roengpitya, 2003; Logue, Rogalski, Seward, & Foster-Johnson, 2002).”
- Impact of founder experience on exit intentions (2012, background): “There is also a significant body of literature which examines the presence of the founder in both acquisitions and IPOs, but again the focus in this literature has been on how their presence affects price, IPO valuation, or underpricing (e.g., Bruton et al. 2009; Daily et al. 2003) rather than viewi”
- Founders, Private Equity Investors, and Underpricing in Entrepreneurial IPOs (2009, background): “An IPO represents the first and most important “liquidity event” which the founders and early stage investors can use to appropriate a proportion of wealth associated with the venture (Daily et al., 2003).”
- The Effects of Information Disclosure and Board Independence on IPO Discount** (2008, methodology): “Journal of Small Business Management 2008 46(2), pp. 219–241 CHAHINE AND FILATOTCHEV 219 neurs and initial shareholders to new investors (Daily et al. 2003).”
- Signaling Corporate Strategy in IPO Communication (2008, background): “We are not aware of any study that examines these factors on initial returns after 30 days (Carter et al., 1998; Certo et al., 2001; Daily et al., 2003; Megginson & Weiss, 1991; Neck et al., 2000; Ritter, 1998).”