Affiliated Mutual Funds and the Allocation of Initial Public Offerings

By Jay R. Ritter, Donghang Zhang. 2007

182 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/aef78ff8a41262a40558210d4753f32d0b2bcdfe

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Citations in the corpus

Initial Public Offerings: A synthesis of the Literature and Directions for Future Research (2018, background): “Going back to Rock (1986) and Benveniste and Spindt (1989) IPO underpricing theories have posited that institutional investors have an informational advantage and that as a result of this advantage they obtain greater allocations of underpriced shares.”
Affiliated mutual funds and analyst optimism (2007, unknown): “Second, as documented by Ritter and Zhang (2007) and Johnson and Marietta-”
Auctioned IPOs: The U.S. Evidence (2009, unknown): “in auctioned IPOs seem to hold their shares somewhat longer than in the bookbuilt IPOs studied by Ritter and Zhang (2007). Interestingly, while the allocation of shares in WR Hambrecht IPO auctions is not”
The Impact of a Strong Bank-Firm Relationship on the Borrowing Firm (2011, background): “In general, there is growing evidence of synergies accruing to commercial banks from belonging to a financial conglomerate (e.g., Puri 1996; Schenone 2004; Ritter and Zhang 2007; Seyhun, forthcoming).”
How Safe are Money Market Funds (2013, background): “Ritter and Zhang (2007) show that lead underwriters allocate hot initial public offerings to affiliated funds.”
The Economics of Conflicts of Interest in Financial Institutions (2006, unknown): “14 Table 1 in Bagnoli, Watts, and Zhang (2006) shows the ranking of the usefulness of analyst output dimensions from 1998 to 2003 by the voters in the Institutional Investor survey.”