haku: @indexterm underwriting / yhteensä: 58
viite: 19 / 58
| Tekijä: | Barry, C. B. Muscarella, C. J. Vetsuypens, M. R. |
| Otsikko: | Underwriter warrants, underwriter compensation, and the cost of going public. |
| Lehti: | Journal of Financial Economics
1991 : MAR, VOL. 29:1, p. 113-135 |
| Asiasana: | WARRANTS UNDERWRITING COMPENSATION REGRESSION ANALYSIS USA |
| Kieli: | eng |
| Tiivistelmä: | Warrants are sometimes granted to underwriters in initial public offerings as part of the compensation for their services. The effects of underwriter warrants are examined in a sample of firm commitment offerings from 1983 through 1987. These warrants represent a significant component of the compensation to the underwriter and are associated with greater total costs of going public. Warrants appear to provide a mechanism for circumventing otherwise binding regulatory constraints, allowing issuers to offer extra compensation to underwriters marketing especially risky offerings. |
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