Negotiation and the IPO Offer Price: A Comparison of Integer vs. Non-Integer IPOs

By D. Bradley, Jr. Cooney, Bradford D. Jordan, Ashutosh Kumar Singh. 2004

130 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/c6584f2529f59ba13e76263a492d7dda4bc5f901

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

Citations in the corpus

Initial Public Offerings: An Analysis of Theory and Practice (2004, unknown): “In this section, we discuss the extant theories that have been advanced to explain the timing of IPOs.”
Earnings Quality and International IPO Underpricing (2011, unknown): “[Place Table 2 about here] Bradley et al. (2004) report that IPOs with integer prices experience higher underpricing.”
Initial Public Offerings: An Analysis of Theory and Practice (2006, unknown): “In addition to our reported conditioning variables, we also examined CFO responses based on (1) whether secondary shares were included in the IPO, (2) offering expenses, (3) underwriter spreads, (4) 1-year abnormal returns (using the Barber, Lyon, and Tsai (1999) method), (5) lockup length, (6) inte”
IPO underpricing and international corporate governance (2007, unknown): “IPOs as reported in Bradley et al. Both the method of pricing IPO shares and the nature of the agreement between the issuer and investment banker can affect underpricing. Sherman (2005) reports lower underpricing among bookbuilt deals compared to fixed-price offers, but Ljungqvist, Jenkinson, and Wi”
The Determinants of Underpricing for Seasoned Equity Offers (2003, background): “First, rounded prices may re£ect the underwriter’s desire to reduce the costs of negotiating over the o¡er price (see, e.g., Harris (1991) and Bradley et al. (2002)).”
Issuer surplus and the partial adjustment of IPO prices to public information (2005, unknown): “Consistent with this result, empirical research finds that discreteness is a prominent characteristic of IPOpricing ( Bradley et al., 2003 ).”