Competing for Securities Underwriting Mandates: Banking Relationships and Analyst Recommendations
By Alexander P. Ljungqvist, Felicia C. Marston, William J. Wilhelm. 2006
422 citations recorded by the source corpus.
Subfields: Accounting, Finance, Management Information Systems
View Paper: https://www.semanticscholar.org/paper/98e8914bc2a0ee795be7b110398793c807e228ff
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Accounting
- Jay R. Ritter
- Gerard Hoberg
- K. Hanley
- Tim Loughran
- Roni Michaely
- Oya Altinkiliç
- Robert S. Hansen
- A. Yasuda
In Finance
- Jay R. Ritter
- K. Hanley
- Gerard Hoberg
- Tim Loughran
- Roni Michaely
- Oya Altinkiliç
- A. Yasuda
- Robert S. Hansen
In Management Information Systems
- Catherine Schrand
- Jordan Nickerson
- J. Wu
- Jay R. Ritter
- John M. Griffin
- Tim Loughran
- Amy Y. Zang
- D. Tang
Citations in the corpus
- The Effectiveness of Reputation as a Disciplinary Mechanism in Sell-Side Research (2009, background): “…forecasts as those made within 90 days of the earnings release date, we find a positive bias (i.e., 39 Others have also examined, among other things, bias in recommendations (e.g., Ljungqvist et al. (2006)) and investment values of analysts’ stock recommendations (e.g., Fang and Yasuda (2008)).”
- Litigation Risk, Strategic Disclosure and the Underpricing of Initial Public Offerings (2012, background): “The underwriter’s past market share is adjusted for mergers among underwriters (Ljungqvist, Marston, and Wilhelm, 2006) by adding the sum of past market shares for all underwriters which were merged to form the current underwriter-year observation.”
- On the Information Role of Stock Recommendation Revisions (2009, background): “…Investor (I/I) and the Wall Street Journal (WSJ) (Stickel, 1992); promoting brokerage investment banking business (Lin and McNichols, 1998; Michaely and Womack, 1999; Ljungqvist et al., 2006; Kolasinski and Kothari, 2008); and boosting brokerage trading revenue (Jackson, 2005; Irvine et al., 2007).”
- The Financial Analyst Forecasting Literature: A Taxonomy with Suggestions for Further Research (2008, neutral): “Ljungqvist, Marston, and Wilhelm (2006) Archival, I/B/E/S, 1993-2002.”
- Self-Selection Models in Corporate Finance (2005, neutral): “E(y1i|Ai = 1, Bi = 1) = X1iβ1 + σA1 φ(ZAiγA) 1− Φ(ZAiγA) + σB1 φ(ZBiγB) 1− Φ(ZBiγB) (54)”