Initial Public Offerings: An Analysis of Theory and Practice

By James C. Brau, Stanley E. Fawcett. 2004

488 citations recorded by the source corpus.

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/dc1cfd3247f04327965365777a2a7a61a9830eb1

Citations in the corpus

• IPO Underpricing Over the Very Long Run (2009, unknown): “Theories and empirical tests that attempt to explain this underpricing are reviewed by Jenkinson and Ljungqvist (2001), Ritter and Welch (2002), Ljungqvist (2007), and Brau and Fawcett (2006), among others.”
• The impact of audit quality on real and accrual earnings management around IPOs (2017, unknown): “In line with this, Brau and Fawcett (2006) provide evidence that hiring high quality auditors represents an important signal that executives of IPO firms attempt to send to outside investors regarding their quality.”
• Conveying Quality and Value in Emerging Industries: Star Scientists and the Role of Learning in Biotechnology (2011, unknown): “In addition to the prestige of the underwriter we follow the literature (e.g., Meggison and Weiss, 1991; Brau and Fawcett, 2006) and control for venture capital backing for the firm.”
• Founders, Private Equity Investors, and Underpricing in Entrepreneurial IPOs (2009, unknown): “For example, it has been argued that the financial intermediaries associated with the IPO can have a significant impact on underpricing (Brau & Fawcett, 2006).”
• A Signaling Theory of Acquisition Premiums: Evidence from IPO Targets (2012, unknown): “In addition, IPO firms are engaged in acquisitions not only as targets but also as acquirers (e.g., Arikan & Capron, 2010; Brau & Fawcett, 2006), so it would be interesting to investigate whether and how IPO firms are unique as acquirers and how they carry out product-market and international…”
• The Economic Consequences of IPO Spinning (2010, unknown): “It is worth noting that in the survey of 336 CFOs who attempted to take their companies public in 2000-2002, Brau and Fawcett (2006) report in their Table IV that 8.”
• Local Underwriter Oligopolies and IPO Underpricing (2011, unknown): “7 In a survey of 336 chief financial officers (CFOs) who attempted to take their companies public in 2000–2002, Brau and Fawcett (2006, Table IV) report that the top three criteria that issuers use in selecting a lead IPO underwriter are, based on an importance scale of 1 (low) to 5 (high), the unde”
• The M&A dynamics of European science-based entrepreneurial firms (2010, unknown): “To this end, the creation of public shares is one of the most important motivations for going public (Brau and Fawcett, 2006).”
• Going Public to Acquire? The Acquisition Motive in IPOs (2010, unknown): “A survey of chief financial officers by Brau and Fawcett (2006) finds the desire to create an acquisition currency ranks as the most important reason for an IPO.”
• Where Have All the IPOs Gone (2013, unknown): “Consistent with the economies of scope hypothesis, Brau and Fawcett ((2006), Table II), in a survey of 336 companies that went public in 2000–2002, report that the single most important reason given for going public was an enhanced ability to make acquisitions.”
• IPO Research in Management and Entrepreneurship: Moving the Agenda Forward (2009, unknown): “…three, though not necessarily mutually exclusive, financial motives for initial public equity offerings: to finance new projects (Brau et al., 2003; Brau & Fawcett, 2006; Welch, 1989); to retire debt, improve overall liquidity, and lower capital costs (Amihud & Mendelson, 1988; Modigliani &…”
• The Desire to Acquire and IPO Long-Run Underperformance (2012, unknown): “Our results show that IPO firms are active participants in the takeover market, consistent with Brau and Fawcett (2006) and Celikyurt et al.”