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| Tekijä: | Yeoman, J. C. |
| Otsikko: | The optimal spread and offering price for underwritten securities |
| Lehti: | Journal of Financial Economics
2001 : OCT, VOL. 62:1, p. 169-198 |
| Asiasana: | PRICES SECURITIES UNDERWRITING USA |
| Kieli: | eng |
| Tiivistelmä: | The paper develops the net proceeds maximization theory explaining how the spread and offering price are determined in all underwritten offerings in the U.S. The theory yields solutions for the optimal spread and offering price for all underwritten securities and it yields comparative statistics that explain the cross-sectional variation in actual spreads and initial returns across different types of underwritten securities. |
SCIMA