haku: @author Affleck-Graves, J. / yhteensä: 12
viite: 9 / 12
| Tekijä: | Affleck-Graves, J. Miller, R. E. |
| Otsikko: | Regulatory and procedural effects on the underpricing of initial public offerings. |
| Lehti: | Journal of Financial Research
1989 : AUTUMN, VOL. 12:3, p. 193-202 |
| Asiasana: | UNDERWRITING NEW ISSUES SHARE PRICES |
| Kieli: | eng |
| Tiivistelmä: | The authors investigate the pricing of initial public offerings (IOPs) from the underwriter's point of view. They show that relying on the regulations and procedures governing the underwriting and the pricing of IPOs, underwriters can maximize expected income by underpricing IPOs. The authors argue that, in addition to alternative explanations, regulatory and procedural factors contribute to the underpricing of IPOs. |
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