Allocation of initial public offerings and flipping activity

By Rajesh K. Aggarwal. 2003

244 citations recorded by the source corpus.

Subfields: Accounting, Finance, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/beebd32dd54790283caf36743c261f40e93327ec

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Citations in the corpus

Auctioned IPOs: The U.S. Evidence (2009, unknown): “In 8 For a detailed description of the DTC IPO Tracking system, see Aggarwal (2003).”
Initial Public Offerings: An Analysis of Theory and Practice (2006, unknown): “To allow for flipping by favored investors ( Aggarwal (2003) , Fishe (2002), Krigman et al. (1999)) Low Support—CFOs are not concerned that underpricing is used as a tool to make flipping possible”
The Role of Institutional Investors in Seasoned Equity Offerings (2009, methodology): “However, our finding that larger institutional share allocations in SEOs are associated with smaller SEO discounts and underpricing contrasts with the finding of Aggarwal, Prabhala, and Puri (2002) that larger institutional share allocations in IPOs are associated with a greater extent of IPO underp”
Stakeholder Theory: Reviewing a Theory That Moves Us (2008, background): “The emerging stream of research on stock flipping suggests that this phenomenon, and the related phenomenon of stake flipping, may be occurring more frequently than previously thought (Aggarwal, 2003).”
Institutional versus Individual Investment in IPOs: The Importance of Firm Fundamentals (2009, unknown): “However, the substantial difference between initial allocations and holdings at least one month after the offering is consistent with the evidence of Aggarwal (2003) and Chemmanur and Hu (2007).”
Divergence of Opinion, Uncertainty, and the Quality of Initial Public Offerings (2001, unknown): “Aggarwal (2001) finds that first-day return and underwriter type are the most important predictors of institutional flipping.”
The Role of Institutional Investors in Initial Public Offerings (2010, unknown): “For the first two days, month 1, and month 2, High – Low subsequent raw and abnormal returns are all highly positive (in at B oston C ollege on N ovem ber 16, 2010 rfs.oxfordjournals.org D ow nloaded from TheRole of Institutional Investors in Initial Public Offerings resultsnot reported here, these ”
Managerial Agents Watching other Agents: Multiple Agency Conflicts Regarding Underpricing in IPO Firms (2008, background): “On average, underwriters allocate more than 81 percent of IPO shares to institutions, and a high percentage of these shares are “flipped” (or sold in the first few days) after initial offerings (Aggarwal, 2003).”
Underwriter Networks, Investor Attention, and Initial Public Offerings (2016, unknown): “, Aggarwal, 2003; Chemmanur, Hu, and Huang, 2010 ) is also distantly related. 4 The second literature that our paper is related to is the emerging research on social networks in a financial market or in a financial intermediary setting. For example, Hochberg, Ljungqvist, and Lu (2007) study how netw”
IPO Research in Management and Entrepreneurship: Moving the Agenda Forward (2009, background): “Research on hot and cold IPO markets has received much attention in the finance literature (Ritter, 1991; Aggarwal, 2003).”