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Citations of
Jay R. Ritter

For current contact information and a more complete listing of works, please see here

The citations below have been collected in an experimental project, CitEc. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.

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Working papers

  1. Ivo Welch & Jay Rial Ritter, 2002. "A Review of IPO Activity, Pricing and Allocations," Yale School of Management Working Papers ysm258, Yale School of Management. [Downloadable!]
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    1. Louis K. C. Chan & Jason Karceski & Josef Lakonishok, 2003. "Analysts' Conflict of Interest and Biases in Earnings Forecasts," NBER Working Papers 9544, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    2. Anna Zalewska, 2005. "Home bias and stock market development. The Polish experience," The Centre for Market and Public Organisation 05/136, Department of Economics, University of Bristol, UK. [Downloadable!]
    3. Hamid Mehran & Rene M. Stulz, 2006. "The Economics of Conflicts of Interest in Financial Institutions," NBER Working Papers 12695, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    4. Andrew Ang & Li Gu & Yael V. Hochberg, 2006. "Is IPO Underperformance a Peso Problem?," NBER Working Papers 12203, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    5. Ping Zhang, 2005. "Uniform Price Auction and Fixed Price Offerings in IPO: An Experimental Comparison," Discussion Papers 2005-20, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham. [Downloadable!]
    6. John D. Burger & Richard D. Grayson & Stephen J.K. Walters, 2006. "Initial Public Offerings of Ballplayers," Working Papers 0624, International Association of Sports Economists. [Downloadable!]
    7. Jenkinson, Tim & Jones, Howard, 2002. "Bids and Allocations in European IPO Bookbuilding," CEPR Discussion Papers 3644, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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    8. Francis , Bill B & Hasan, Iftekhar & Sun, Xian, 2009. "Political connections and the process of going public: evidence from China," Research Discussion Papers 7/2009, Bank of Finland. [Downloadable!]
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    9. Dahlquist, Magnus & de Jong, Frank, 2004. "Pseudo Market Timing: Fact or Fiction?," SIFR Research Report Series 24, Institute for Financial Research. [Downloadable!]
    10. L. Cassia & G. Giudici & S. Paleari & R. Redondi, 2004. "IPO underpricing in Italy," Applied Financial Economics, Taylor and Francis Journals, vol. 14(3), pages 179-194, February. [Downloadable!] (restricted)
    11. Ravi Jagannathan & Ann E. Sherman, 2006. "Why Do IPO Auctions Fail?," NBER Working Papers 12151, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    12. Peter C.B. Phillips & Yangru Wu & Jun Yu, 2009. "Explosive Behavior in the 1990s Nasdaq: When Did Exuberance Escalate Asset Values?," Cowles Foundation Discussion Papers 1699, Cowles Foundation, Yale University. [Downloadable!]
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    13. Guray Kucukkocaoglu, 2007. "Underpricing in Turkey: Comparison of the IPO Methods," Money Macro and Finance (MMF) Research Group Conference 2006 8, Money Macro and Finance Research Group. [Downloadable!]
    14. Friedman, Felice B. & Grose, Claire, 2006. "Promoting access to primary equity markets : a legal and regulatory approach," Policy Research Working Paper Series 3892, The World Bank. [Downloadable!]
    15. Marcin Kacperczyk & Clemens Sialm & Lu Zheng, 2005. "Unobserved Actions of Mutual Funds," NBER Working Papers 11766, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    16. Marco Rummer & Andreas Oehler & Peter N. Smith, 2004. "IPO Pricing and the Relative Importance of Investor Sentiment: Evidence from Germany," Money Macro and Finance (MMF) Research Group Conference 2004 62, Money Macro and Finance Research Group. [Downloadable!]
    17. Johann Burgstaller, 2005. "When and why do Austrian companies issue shares?," Economics working papers 2005-03, Department of Economics, Johannes Kepler University Linz, Austria. [Downloadable!]
    18. Jean Helwege & Nellie Liang, 2003. "Initial public offerings in hot and cold markets," Finance and Economics Discussion Series 2003-04, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
    19. Daying Yan & Jun Cai, 2003. "Long-Run Operating Performance of Initial Public Offerings in Japanese Over-the-Counter Market (1991–2001): Evidence and Implications," Asia-Pacific Financial Markets, Springer, vol. 10(2), pages 239-274, September. [Downloadable!] (restricted)
    20. Ingo Walter, 2003. "Conflicts of Interest and Market Discipline Among Financial Services Firms," Working Papers 03-24, New York University, Leonard N. Stern School of Business, Department of Economics. [Downloadable!]
    21. Frederick Adjei & Ken Cyree & Mark Walker, 2008. "The determinants and survival of reverse mergers vs IPOs," Journal of Economics and Finance, Springer, vol. 32(2), pages 176-194, April. [Downloadable!] (restricted)
    22. Ellen R. McGrattan & Edward C. Prescott, 2007. "Unmeasured Investment and the Puzzling U.S. Boom in the 1990s," NBER Working Papers 13499, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    23. Tim Jenkinson & Howard Jones, 2006. "IPO pricing and allocation: a survey of the views of institutional investors," OFRC Working Papers Series 2006fe13, Oxford Financial Research Centre. [Downloadable!]
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    24. Stavros Peristiani & Gijoon Hong, 2004. "Pre-IPO financial performance and aftermarket survival," Current Issues in Economics and Finance, Federal Reserve Bank of New York, issue Feb. [Downloadable!]
    25. Arnoud W.A. Boot & Radhakrishnan Gopaian & Anjan V. Thakor, 2006. "Market Liquidity, Investor Participation and Managerial Autonomy: Why do Firms go Private?," Tinbergen Institute Discussion Papers 06-011/2, Tinbergen Institute. [Downloadable!]
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    26. Christine A. Parlour & Uday Rajan, 2003. "Rationing in IPOs," Working Papers 2003.26, Fondazione Eni Enrico Mattei. [Downloadable!]
    27. Ljungqvist, Alexander P, 2003. "Conflicts of Interest and Efficient Contracting in IPOs," CEPR Discussion Papers 4163, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    28. Lai, Richard, 2006. "Inventory Signals," MPRA Paper 4753, University Library of Munich, Germany. [Downloadable!]
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    29. Rodolfo Martell & Rene M. Stulz, 2003. "Equity market liberalizations as country IPOs," NBER Working Papers 9481, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    30. Miglo, Anton, 2006. "Debt-equity choice as a signal of profit profile over time," MPRA Paper 1283, University Library of Munich, Germany. [Downloadable!]
    31. Pierre Giot & Armin Schwienbacher, 2003. "IPOs, Trade Sales and Liquidations: Modelling Venture Capital Exits Using Survival Analysis," Finance 0312006, EconWPA. [Downloadable!]
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    32. Francis , Bill B & Hasan , Iftekhar & Lothian , James R & Sun, Xian, 2008. "The signalling hypothesis revisited: Evidence from foreign IPOs," Research Discussion Papers 10/2008, Bank of Finland. [Downloadable!]
    33. Michael R. King & Dan Segal, 2006. "The Long-Term Effects of Cross-Listing Investor Recognition, and Ownership Structure on Valuation," Working Papers 06-44, Bank of Canada. [Downloadable!]
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    34. Lubos Pastor & Pietro Veronesi, 2003. "Stock Prices and IPO Waves," NBER Working Papers 9858, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    35. Ilia D. Dichev, 2007. "What Are Stock Investors’ Actual Historical Returns? Evidence from Dollar-Weighted Returns," American Economic Review, American Economic Association, vol. 97(1), pages 386-401, March. [Downloadable!]
    36. Stavros Peristiani, 2003. "Evaluating the riskiness of initial public offerings: 1980-2000," Staff Reports 167, Federal Reserve Bank of New York. [Downloadable!]
    37. Matthew J. Higgins & Paula E. Stephan & Jerry G. Thursby, 2008. "Conveying Quality and Value in Emerging Industries: Star Scientists and the Role of Learning in Biotechnology," NBER Working Papers 14602, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    38. Lily Qiu & Gerard Hoberg, 2005. "Future Industrial Organization and Stock Returns versus the Decision to Issue IPOs," Working Papers 2005-06, Brown University, Department of Economics. [Downloadable!]
    39. Cotei, Carmen & Farhat, Joseph Basheer & Mukherjee, Tarun K., 2004. "Informational externalities of going public decisions: evidence from industrial sector," Working Papers 2004-12, University of New Orleans, Department of Economics and Finance. [Downloadable!]
    40. Guillermo Yañez & Carlos Maquieira, 2009. "Rendimiento de Ofertas Públicas Iniciales de Acciones en Chile: Evidencia Empírica entre 1994 y 2007," Serie de Documentos de Trabajo 2, Superintendencia de Valores y Seguros, División de Estudios y Desarrollo de Mercados. [Downloadable!]
    41. Erik Sirri, 2004. "Investment banks, scope, and unavoidable conflicts of interest," Economic Review, Federal Reserve Bank of Atlanta, issue Q 4, pages 23-35. [Downloadable!]
    42. Matt Pritsker, 2005. "A Fully-Rational Liquidity-Based Theory of IPO Underpricing and Underperformance," Computing in Economics and Finance 2005 414, Society for Computational Economics. [Downloadable!]
    43. Matthew Pritsker, 2006. "A fully-rational liquidity-based theory of IPO underpricing and underperformance," Finance and Economics Discussion Series 2006-12, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
    44. Gerard Gannon & Yuwei Zhou, 2007. "Conflicts of Interest and China's A- Share Underpricing," Accounting, Finance, Financial Planning and Insurance Series 2007_09, Deakin University, Faculty of Business and Law, School of Accounting, Economics and Finance. [Downloadable!]
    45. Lidén, Erik R., 2004. "Are Underwriter-Analysts More Informed? Scandinavian Evidence," Working Papers in Economics 132, Göteborg University, Department of Economics, revised 19 Nov 2004. [Downloadable!]
    46. Maher Kooli & Jean-François L'Her & Jean-Marc Suret, 2003. "Do IPOs Underperform in the Long-Run? New Evidence from the Canadian Stock Market," CIRANO Working Papers 2003s-16, CIRANO. [Downloadable!]
    47. Paul Gompers & Anna Kovner & Josh Lerner & David Scharfstein, 2005. "Venture Capital Investment Cycles: The Impact of Public Markets," NBER Working Papers 11385, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    48. Thomas Philippon & Yuliy Sannikov, 2007. "Real Options in a Dynamic Agency Model, with Applications to Financial Development, IPOs, and Business Risk," NBER Working Papers 13584, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    49. de la Torre, Augusto & Gozzi, Juan Carlos & Schmukler, Sergio L., 2007. "Capital market development : whither Latin America ?," Policy Research Working Paper Series 4156, The World Bank. [Downloadable!]
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    50. Ellen McGrattan & Edward Prescott, 2006. "Why Did U.S. Market Hours Boom in the 1990s?," NBER Working Papers 12046, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    51. Langnan Chen & Steven Li & Yijia Chen, 2005. "Corporate Governance and Corporate Performance: Some Evidence from Newly Listed Firms on Chinese Stock Markets," School of Economics and Finance Discussion Papers and Working Papers Series 204, School of Economics and Finance, Queensland University of Technology. [Downloadable!]
    52. Fan, Joseph P.H. & Wong, T.J. & Zhang, Tianyu, 2006. "The Emergence of Corporate Pyramids in China," CEI Working Paper Series 2005-16, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University. [Downloadable!]
    53. Alex Stomper & Pegaret Pichler, 2004. "Primary Market Design: Direct Mechanisms and Markets," Working Papers 2004.9, Fondazione Eni Enrico Mattei. [Downloadable!]
    54. Aggarwal, Reena & Klapper, Leora, 2003. "Ownership structure and initial public offerings," Policy Research Working Paper Series 3103, The World Bank. [Downloadable!]
    55. Miglo, A., 2006. "Debt-Equity Choice As a Signal of Earnings Profile Over Time," Working Papers 2006-7, University of Guelph, Department of Economics. [Downloadable!]
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    56. Dhillon, Amrita & Rossetto, Silvia, 2009. "Corporate Control and Multiple Large Shareholders," The Warwick Economics Research Paper Series (TWERPS) 891, University of Warwick, Department of Economics. [Downloadable!]
    57. Cécile Carpentier & Jean-Marc Suret, 2009. "The Survival and Success of Canadian Penny Stock IPOs," CIRANO Working Papers 2007s-28, CIRANO. [Downloadable!]
    58. Ron Bird & Lorenzo Casavecchia & Paul Woolley, 2008. "Insights into the Market Impact of Different Investment Styles," Working Paper Series 1, The Paul Woolley Centre for Capital Market Dysfunctionality, University of Technology, Sydney. [Downloadable!]
    59. Fan, Joseph P.H. & Wongb, T.J. & Zhang, Tianyu, 2006. "The Emergence of Corporate Pyramids in China," CEI Working Paper Series 2006-3, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University. [Downloadable!]
    60. Farina, Vincenzo, 2008. "Network embeddedness, specialization choices and performance in investment banking industry," MPRA Paper 11701, University Library of Munich, Germany. [Downloadable!]

  2. Yasushi Hamao & Frank Packer & Jay R. Ritter, 1998. "Institutional affiliation and the role of venture capital: evidence from initial public offerings in Japan," Staff Reports 52, Federal Reserve Bank of New York. [Downloadable!]
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    Cited by:

    1. L. Cassia & G. Giudici & S. Paleari & R. Redondi, 2004. "IPO underpricing in Italy," Applied Financial Economics, Taylor and Francis Journals, vol. 14(3), pages 179-194, February. [Downloadable!] (restricted)
    2. Thomas Hellman & Laura Lindsey & Manju Puri, 2004. "Building Relationships Early: Banks in Venture Capital," NBER Working Papers 10535, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    3. Jerry Cao & Josh Lerner, 2006. "The Performance of Reverse Leveraged Buyouts," NBER Working Papers 12626, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    4. Kenji Kutsuna & Richard L. Smith, . "Issue Cost and Method of IPO Underwriting: Japan's Change from Auction Method Pricing to Book Building," Claremont Colleges Working Papers 2000-35, Claremont Colleges. [Downloadable!]
    5. Espenlaub, S. & Goergen, M. & Khurshed, A. & Renneboog, L.D.R., 2002. "Lock-in agreements in venture capital backed UK IPOS," Discussion Paper 46, Tilburg University, Center for Economic Research. [Downloadable!]
    6. Douglas Cumming & Grant Fleming & Armin Schwienbacher, 2008. "Financial intermediaries, ownership structure and the provision of venture capital to SMEs: evidence from Japan," Small Business Economics, Springer, vol. 31(1), pages 59-92, June. [Downloadable!] (restricted)
    7. Bronwyn H. Hall, 2002. "The Financing of Research and Development," NBER Working Papers 8773, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    8. Schertler, Andrea, 2002. "The Certification Role of Private Equity Investors: Evidence from Initial Public Offerings on the Nouveau Marché and the Neuer Markt," EIFC - Technology and Finance Working Papers 10, United Nations University, Institute for New Technologies. [Downloadable!]
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    9. Alan Hughes & Jaeho Lee, 2006. "What's in a name and when does it matter? The hot and cold market impacts on underpricing of certification, reputation and conflicts of interest in venture capital backed Korean IPOs," ESRC Centre for Business Research - Working Papers wp336, ESRC Centre for Business Research. [Downloadable!]
    10. Wolfgang Bessler & Andreas Kurth, 2007. "Agency Problems and the Performance of Venture-backed IPOs in Germany: Exit Strategies, Lock-up Periods, and Bank Ownership," European Journal of Finance, Taylor and Francis Journals, vol. 13(1), pages 29-63, January. [Downloadable!] (restricted)
    11. Alexander Ljungqvist, 1999. "IPO Underpricing, Wealth Losses and the Curious Role of Venture Capitalists in the Creation of Public Companies," OFRC Working Papers Series 1999fe04, Oxford Financial Research Centre. [Downloadable!]

  3. Randolph P. Beatty & Jay R. Ritter, . "Investment Banking, Reputation and the Underpricing of Initial Public Offerings," Rodney L. White Center for Financial Research Working Papers 2-85, Wharton School Rodney L. White Center for Financial Research.
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    1. Kenbata Bangassa, 2000. "Performance Of The UK Investment Trust IPO's," Research Papers 2000_20, University of Liverpool Management School. [Downloadable!]
    2. Kathleen Weiss Hanley & Charles Lee & Paul Seguin, 1995. "The Marketing of Closed-End Fund IPOs," Center for Financial Institutions Working Papers 94-21, Wharton School Center for Financial Institutions, University of Pennsylvania. [Downloadable!]
    3. James A. Brander & Edward J. Egan & Thomas F. Hellmann, 2008. "Government Sponsored versus Private Venture Capital: Canadian Evidence," NBER Working Papers 14029, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    4. Rahnema, Ahmad & Fernández, Pablo, 1993. "Initial public offerings (IPOs): The Spanish experience," IESE Research Papers D/243, IESE Business School. [Downloadable!]
    5. Francis , Bill B & Hasan, Iftekhar & Sun, Xian, 2009. "Political connections and the process of going public: evidence from China," Research Discussion Papers 7/2009, Bank of Finland. [Downloadable!]
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    6. Hirshleifer, David & Teoh, Siew Hong, 2008. "Thought and Behavior Contagion in Capital Markets," MPRA Paper 9164, University Library of Munich, Germany. [Downloadable!]
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    7. Yamin Ahmad & Russell Kashian, 2008. "Modeling the Time to an Initial Public Offering: When does the Fruit Ripen?," Working Papers 08-01, UW-Whitewater, Department of Economics. [Downloadable!]
    8. Padma Kadiyala & Avanidhar Subrahmanyam, 2000. "International IPOs, Market Segmentation, and Investor Recognition," University of California at Los Angeles, Anderson Graduate School of Management 1078, Anderson Graduate School of Management, UCLA. [Downloadable!]
    9. Chitru S. Fernando & Srinivasan Krishnamurthy & Paul A. Spindt, 2002. "Is the Offer Price in IPOs Informative? Underpricing, Ownership Structure, and Performance," Center for Financial Institutions Working Papers 01-33, Wharton School Center for Financial Institutions, University of Pennsylvania. [Downloadable!]
    10. Qi Quan & Nancy Huyghebaert, 2005. "Share Issuing Privatizations in China: Determinants of Public Share Allocation and Underpricing," LICOS Discussion Papers 16205, LICOS - Centre for Institutions and Economic Performance, K.U.Leuven. [Downloadable!]
    11. Sung Bae & Hoje Jo, 2007. "Underwriter warrants, underwriter reputation, and growth signaling," Review of Quantitative Finance and Accounting, Springer, vol. 29(2), pages 129-154, August. [Downloadable!] (restricted)
    12. Yasushi Hamao & Frank Packer & Jay R. Ritter, 1998. "Institutional affiliation and the role of venture capital: evidence from initial public offerings in Japan," Staff Reports 52, Federal Reserve Bank of New York. [Downloadable!]
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    13. Jay Ritter & Ivo Welch, 2002. "A Review of IPO Activity, Pricing, and Allocations," NBER Working Papers 8805, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    14. Marco Rummer & Andreas Oehler & Peter N. Smith, 2004. "IPO Pricing and the Relative Importance of Investor Sentiment: Evidence from Germany," Money Macro and Finance (MMF) Research Group Conference 2004 62, Money Macro and Finance Research Group. [Downloadable!]
    15. Cao Melanie & Shouyong Shi, 2002. "Signalling in the Internet Craze of Initial Public Offerings," Working Papers shouyong-02-03, University of Toronto, Department of Economics. [Downloadable!]
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    16. Hans Gersbach & Harald Uhlig, 2006. "On the Coexistence of Banks and Markets," SFB 649 Discussion Papers SFB649DP2006-054, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany. [Downloadable!]
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    17. Tuvana Pastine, 2004. "Comparative Statics in a Herding Model of Investment," Econometric Society 2004 North American Summer Meetings 260, Econometric Society. [Downloadable!]
    18. Marco Trombetta & Mónica Espinosa, 2004. "The Reputational Consequences Of Disclosures," Working Papers. Serie EC 2004-10, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie). [Downloadable!]
    19. Kenji Kutsuna & Richard L. Smith, . "Issue Cost and Method of IPO Underwriting: Japan's Change from Auction Method Pricing to Book Building," Claremont Colleges Working Papers 2000-35, Claremont Colleges. [Downloadable!]
    20. Takehiko Isobe & Akitoshi Ito & Joseph Kairys, 1998. "Underpricing, Subsequent Equity Offerings, and the Long-Run Performance of Japanese IPOs," Asia-Pacific Financial Markets, Springer, vol. 5(3), pages 237-259, November. [Downloadable!] (restricted)
    21. Cristián Celis & Gustavo Maturana, 1998. "Initial Public Offerings In Chile," Abante, Escuela de Administracion. Pontificia Universidad Católica de Chile., vol. 1(1), pages 7-31. [Downloadable!]
    22. Othman Yong & Zaidi Isa, 2003. "Initial performance of new issues of shares in Malaysia," Applied Economics, Taylor and Francis Journals, vol. 35(8), pages 919-930, January. [Downloadable!] (restricted)
    23. Su H. Chan & Mark H. Stohs & Ko Wang, 2001. "Are Real Estate IPOs a Different Species? Evidence from Hong Kong IPOs," Journal of Real Estate Research, American Real Estate Society, vol. 21(3), pages 337-356. [Downloadable!]
    24. Hoa Nguyen & William Dimovski & Robert Brooks, 2007. "Underpricing, Risk Management, Hot Issue and Crowding out Effects: Evidence from the Australian Resources Sector Initital Public Offerings," Accounting, Finance, Financial Planning and Insurance Series 2007_17, Deakin University, Faculty of Business and Law, School of Accounting, Economics and Finance. [Downloadable!]
    25. Qi Huang & Richard M. Levich, 1999. "Underpricing of New Equity Offerings by Privatized Firms: An International Test," New York University, Leonard N. Stern School Finance Department Working Paper Seires 99-075, New York University, Leonard N. Stern School of Business-. [Downloadable!]
    26. Berglund, T., 1994. "The Pricing of Initial Public Offerings : A Simple Model," Research Memorandum 673, Tilburg University, Faculty of Economics and Business Administration. [Downloadable!]
    27. Vicente Pons-Sanz, 2005. "Who benefits from IPO underpricing? Evidence form hybrid bookbuilding offerings," Working Paper Series 428, European Central Bank. [Downloadable!]
    28. Luca Benzoni & Carola Schenone, 2007. "Conflict of interest and certification in the U.S. IPO market," Working Paper Series WP-07-09, Federal Reserve Bank of Chicago. [Downloadable!]
    29. João Cabral dos Santos, 1996. "Commercial banks in the securities business: a review," Working Paper 9610, Federal Reserve Bank of Cleveland. [Downloadable!]
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    30. Ljungqvist, Alexander P, 2003. "Conflicts of Interest and Efficient Contracting in IPOs," CEPR Discussion Papers 4163, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    31. Cornelli, Francesca & Goldreich, David, 1999. "Bookbuilding and Strategic Allocation," CEPR Discussion Papers 2160, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    32. Yue-Cheong Chan & Congsheng Wu & Chuck Kwok, 2007. "Valuation of global IPOs: a stochastic frontier approach," Review of Quantitative Finance and Accounting, Springer, vol. 29(3), pages 267-284, October. [Downloadable!] (restricted)
    33. Michel Habib & Alexander Ljungqvist, 1999. "Underpricing and Entrepreneurial Wealth Losses in IPOs: Theory and Evidence," OFRC Working Papers Series 1999fe03, Oxford Financial Research Centre. [Downloadable!]
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    34. Jarrod Johnston & Jeff Madura, 2006. "Impact of managerial control on IPO performance: the case of mutual holding companies," Applied Financial Economics, Taylor and Francis Journals, vol. 16(8), pages 629-637, May. [Downloadable!] (restricted)
    35. Kevin C. H. Chiang & T. Harikumar, 2004. "Offering price clusters and underpricing in the US primary market," Applied Financial Economics, Taylor and Francis Journals, vol. 14(11), pages 809-822, July. [Downloadable!] (restricted)
    36. Katharina, Lewellen, 2004. "Risk, Reputation, and the Price Support of IPOs," Working papers 4453-03, Massachusetts Institute of Technology (MIT), Sloan School of Management. [Downloadable!]
    37. Aggrawal, Reena & Prabhala, Nagpurnanand & Puri, Manju, 2002. "Institutional Allocation in Initial Public Offerings: Empirical Evidence," Research Papers 1747, Stanford University, Graduate School of Business. [Downloadable!]
    38. Maher Kooli & Jean-Marc Suret, 2001. "The Underpricing of Initial Public Offerings: Further Canadian Evidence," CIRANO Working Papers 2001s-50, CIRANO. [Downloadable!]
    39. Abdullah Al-Hassan & Mohammed Omran & Fernando-Luciano Delgado-Fernández, 2007. "IPO Behavior in GCC Countries: Goody-Two Shoes or Bad-to-the-Bone?," IMF Working Papers 07/149, International Monetary Fund. [Downloadable!]
    40. Michelle Lowry & Micah S. Officer & G. William Schwert, 2006. "The Variability of IPO Initial Returns," NBER Working Papers 12295, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    41. Ivan Pastine & Tuvana Pastine, 2006. "Social Learning in Continuous Time - When are Informational Cascades More Likely to be Inefficient?," Working Papers 200621, School Of Economics, University College Dublin. [Downloadable!]
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    42. Sepideh Parsa & Reza Kouhy, 2008. "Social Reporting by Companies Listed on the Alternative Investment Market," Journal of Business Ethics, Springer, vol. 79(3), pages 345-360, May. [Downloadable!] (restricted)
    43. Fohlin, Caroline, 2000. "IPO Underpricing in Two Universes: Berlin, 1882-1892, and New York, 1998-2000," Working Papers 1088, California Institute of Technology, Division of the Humanities and Social Sciences. [Downloadable!]
    44. Carol J. Simon, 1989. "The Role of Reputation in the Market for Initial Public Offerings," UCLA Economics Working Papers 569, UCLA Department of Economics. [Downloadable!]
    45. Robert DeYoung & Mark J. Flannery & William W. Lang & Sorin M. Sorescu, 1998. "The informational advantage of specialized monitors: the case of bank examiners," Working Paper Series WP-98-4, Federal Reserve Bank of Chicago. [Downloadable!]
    46. Benveniste, Lawrence M & Ljungqvist, Alexander P & Wilhelm Jr, William J & Yu, Xiaoyun, 2001. "Evidence of Information Spillovers in the Production of Investment Banking Services," CEPR Discussion Papers 2988, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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    47. Alan Hughes & Jaeho Lee, 2006. "What's in a name and when does it matter? The hot and cold market impacts on underpricing of certification, reputation and conflicts of interest in venture capital backed Korean IPOs," ESRC Centre for Business Research - Working Papers wp336, ESRC Centre for Business Research. [Downloadable!]
    48. Miller, Edward M., 2000. "Long run underperformance of initial public offerings: an explanation," Working Papers 1999-18, University of New Orleans, Department of Economics and Finance. [Downloadable!]
    49. Schertler, Andrea, 2002. "The Determinants of Underpricing: Initial Public Offerings on the Neuer Markt and the Nouveau Marché," EIFC - Technology and Finance Working Papers 12, United Nations University, Institute for New Technologies. [Downloadable!]
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    50. Ann E. Sherman & Sheridan Titman, 2000. "Building the IPO Order Book: Underpricing and Participation Limits With Costly Information," NBER Working Papers 7786, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    51. William Dimovski & Christopher Kelly, 2004. "The Importance of Audit Committees in Initial Public Offerings," Accounting, Finance, Financial Planning and Insurance Series 2004_13, Deakin University, Faculty of Business and Law, School of Accounting, Economics and Finance. [Downloadable!]
    52. Reena Aggarwal & Nagpurnanand R. Prabhala & Manju Puri, 2002. "Institutional Allocation In Initial Public Offerings: Empirical Evidence," NBER Working Papers 9070, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    53. Dimitris Kenourgios & Spyros Papathanasiou & Emmanouil Rafail Melas, 2005. "Initial Performance of Greek IPOs, Underwriter’s Reputation and Oversubscription," Finance 0512023, EconWPA. [Downloadable!]
    54. Fan, Joseph P.H. & Wong, T.J. & Zhang, Tianyu, 2006. "The Emergence of Corporate Pyramids in China," CEI Working Paper Series 2005-16, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University. [Downloadable!]
    55. Wolfgang Aussenegg, 1999. "Going Public in Poland: Case-by-Case Privatizations, Mass Privatization and Private Sector Initial Public Offerings," William Davidson Institute Working Papers Series 292, William Davidson Institute at the University of Michigan Stephen M. Ross Business School. [Downloadable!]
    56. Carolin Häussler, 2004. "Does Partnering Pay Off? - Stock Market Reactions to Inter-Firm Collaboration Announcements in Germany," Discussion Papers 14, SFB/TR 15 Governance and the Efficiency of Economic Systems, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich. [Downloadable!]
    57. Michelle Lowry & G. William Schwert, 2000. "IPO Market Cycles: Bubbles or Sequential Learning?," NBER Working Papers 7935, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    58. Fan, Joseph P.H. & Wongb, T.J. & Zhang, Tianyu, 2006. "The Emergence of Corporate Pyramids in China," CEI Working Paper Series 2006-3, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University. [Downloadable!]
    59. Pandey Ajay & Kumar G. Arun, 2001. "Relative Effectiveness of Signals in IPOs in Indian Capital Markets," IIMA Working Papers 2001-09-03, Indian Institute of Management Ahmedabad, Research and Publication Department. [Downloadable!]

Articles

  1. Huang, Rongbing & Ritter, Jay R., 2009. "Testing Theories of Capital Structure and Estimating the Speed of Adjustment," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 44(02), pages 237-271, April. [Downloadable!]

    Cited by:

    1. Elsas, Ralf & Florysiak, David, 2008. "Empirical Capital Structure Research: New Ideas, Recent Evidence, and Methodological Issues," Discussion Papers in Business Administration 4743, University of Munich, Munich School of Management. [Downloadable!]
    2. DeAngelo, Harry & DeAngelo, Linda & Stulz, Rene, 2007. "Fundamentals, Market Timing, and Seasoned Equity Offerings," Working Paper Series 2007-13, Ohio State University, Charles A. Dice Center for Research in Financial Economics. [Downloadable!]
    3. Harry DeAngelo & Linda DeAngelo & René M. Stulz, 2007. "Fundamentals, Market Timing, and Seasoned Equity Offerings," NBER Working Papers 13285, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)

  2. Daniel J. Bradley & Bradford D. Jordan & Jay R. Ritter, 2008. "Analyst Behavior Following IPOs: The 'Bubble Period' Evidence," Review of Financial Studies, Oxford University Press for Society for Financial Studies, vol. 21(1), pages 101-133, January. [Downloadable!] (restricted)

    Cited by:

    1. Hamid Mehran & Rene M. Stulz, 2006. "The Economics of Conflicts of Interest in Financial Institutions," NBER Working Papers 12695, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    2. Simona Mola & Massimo Guidolin, 2006. "Why do analysts continue to provide favorable coverage for seasoned stocks?," Working Papers 2006-034, Federal Reserve Bank of St. Louis. [Downloadable!]
    3. François Degeorge & François Derrien & Kent L. Womack, 2004. "Quid Pro Quo in IPOs: Why Book-building is Dominating Auctions," Working Papers 2004.150, Fondazione Eni Enrico Mattei. [Downloadable!]
      Other versions:
    4. Ljungqvist, Alexander P & Marston, Felicia & Starks, Laura T & Wei, Kelsey D. & Yan, Hong, 2005. "Conflicts of Interest in Sell-Side Research and the Moderating Role of Institutional Investors," CEPR Discussion Papers 5001, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
      Other versions:

  3. Ritter, Jay R. & Zhang, Donghang, 2007. "Affiliated mutual funds and the allocation of initial public offerings," Journal of Financial Economics, Elsevier, vol. 86(2), pages 337-368, November. [Downloadable!] (restricted)

    Cited by:

    1. Hamid Mehran & Rene M. Stulz, 2006. "The Economics of Conflicts of Interest in Financial Institutions," NBER Working Papers 12695, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    2. Simona Mola & Massimo Guidolin, 2006. "Why do analysts continue to provide favorable coverage for seasoned stocks?," Working Papers 2006-034, Federal Reserve Bank of St. Louis. [Downloadable!]
    3. Naoki Kojima, 2007. "IPO share allocation and conflicts of interest," Annals of Finance, Springer, vol. 3(3), pages 369-387, July. [Downloadable!] (restricted)
    4. Bodnaruk, Andriy & Massa, Massimo & Simonov, Andrei, 2008. "Investment Banks as Insiders and the Market for Corporate Control," CEPR Discussion Papers 6953, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)

  4. Nimalendran, M. & Ritter, Jay R. & Zhang, Donghang, 2007. "Do today's trades affect tomorrow's IPO allocations?," Journal of Financial Economics, Elsevier, vol. 84(1), pages 87-109, April. [Downloadable!] (restricted)

    Cited by:

    1. Tim Jenkinson & Howard Jones, 2006. "IPO pricing and allocation: a survey of the views of institutional investors," OFRC Working Papers Series 2006fe13, Oxford Financial Research Centre. [Downloadable!]
      Other versions:
    2. Guillermo Yañez & Carlos Maquieira, 2009. "Rendimiento de Ofertas Públicas Iniciales de Acciones en Chile: Evidencia Empírica entre 1994 y 2007," Serie de Documentos de Trabajo 2, Superintendencia de Valores y Seguros, División de Estudios y Desarrollo de Mercados. [Downloadable!]

  5. Ritter, Jay R., 2005. "Economic growth and equity returns," Pacific-Basin Finance Journal, Elsevier, vol. 13(5), pages 489-503, November. [Downloadable!] (restricted)

    Cited by:

    1. Christophe, Faugere, 2003. "A Required Yield Theory of Stock Market Valuation and Treasury Yield Determination," MPRA Paper 15579, University Library of Munich, Germany, revised 04 Jun 2009. [Downloadable!]

  6. Asquith, Paul & Pathak, Parag A. & Ritter, Jay R., 2005. "Short interest, institutional ownership, and stock returns," Journal of Financial Economics, Elsevier, vol. 78(2), pages 243-276, November. [Downloadable!] (restricted)

    Cited by:

    1. Joseph Chen & Samuel Hanson & Harrison Hong & Jeremy C. Stein, 2008. "Do Hedge Funds Profit From Mutual-Fund Distress?," NBER Working Papers 13786, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    2. Hui Guo & Robert Savickas, 2006. "The relation between time-series and cross-sectional effects of idiosyncratic variance on stock returns in G7 countries," Working Papers 2006-036, Federal Reserve Bank of St. Louis. [Downloadable!]
    3. Gerlinde Fellner & Erik Theissen, 2006. "Short Sale Constraints, Divergence of Opinion and Asset Values: Evidence from the Laboratory," Labsi Experimental Economics Laboratory University of Siena 009, University of Siena. [Downloadable!]
    4. Cohen, Lauren & Diether, Karl B. & Malloy, Christopher J., 2005. "Supply and Demand Shifts in the Shorting Market," Working Paper Series 2005-8, Ohio State University, Charles A. Dice Center for Research in Financial Economics. [Downloadable!]
    5. Hirshleifer, David & Teoh, Siew Hong & Yu, Jeff Jiewei, 2007. "Do short-sellers arbrtrage accrual-based return anomalies?," MPRA Paper 5510, University Library of Munich, Germany, revised 27 Oct 2007. [Downloadable!]
    6. Kothari, S.P. & Loutskina, Elena & Nikolaev, Valeri, 2006. "Agency theory of overvalued equity as an explanation for the accrual anomaly," Discussion Paper 103, Tilburg University, Center for Economic Research. [Downloadable!]

  7. Tim Loughran & Jay Ritter, 2004. "Why Has IPO Underpricing Changed Over Time?," Financial Management, Financial Management Association, vol. 33(3), Fall.

    Cited by:

    1. William J. Wilhelm & Alexander Ljungqvist, 2002. "IPO Pricing in the Dot-com Bubble," OFRC Working Papers Series 2002fe07, Oxford Financial Research Centre. [Downloadable!]
      Other versions:
    2. Pástor, Luboš & Taylor, Lucian & Veronesi, Pietro, 2007. "Entrepreneurial Learning, the IPO Decision, and the Post-IPO Drop in Firm Profitability," CEPR Discussion Papers 6061, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
      Other versions:
    3. Simona Mola & Massimo Guidolin, 2006. "Why do analysts continue to provide favorable coverage for seasoned stocks?," Working Papers 2006-034, Federal Reserve Bank of St. Louis. [Downloadable!]
    4. Emre Unlu & Stephen P. Ferris & Gregory Noronha, 2004. "IPO underpricing over time: evidence from the UK," Applied Economics Letters, Taylor and Francis Journals, vol. 11(1), pages 5-9, January. [Downloadable!] (restricted)
    5. Qiao, Yongyuan, 2008. "Analysis into IPO underpricing and clustering in Hong Kong equity market," MPRA Paper 7876, University Library of Munich, Germany. [Downloadable!]
      Other versions:
    6. L. Cassia & G. Giudici & S. Paleari & R. Redondi, 2004. "IPO underpricing in Italy," Applied Financial Economics, Taylor and Francis Journals, vol. 14(3), pages 179-194, February. [Downloadable!] (restricted)
    7. A. Burak Güner & Ulrike Malmendier & Geoffrey Tate, 2006. "Financial Expertise of Directors," NBER Working Papers 11914, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    8. Kenji Ketsuna & Janet Kiholm Smith & Richard L. Smith, 2003. "Banking Relationships and Access to Equity Capital Markets: Evidence from Japan’s Main Bank System," Claremont Colleges Working Papers 2003-09, Claremont Colleges. [Downloadable!]
      Other versions:
    9. Low, Angie, 2006. "Managerial Risk-Taking Behavior and Equity-Based Compensation," Working Paper Series 2006-20, Ohio State University, Charles A. Dice Center for Research in Financial Economics. [Downloadable!]
    10. François Degeorge & François Derrien & Kent L. Womack, 2004. "Quid Pro Quo in IPOs: Why Book-building is Dominating Auctions," Working Papers 2004.150, Fondazione Eni Enrico Mattei. [Downloadable!]
      Other versions:
    11. Marco Rummer & Andreas Oehler & Peter N. Smith, 2004. "IPO Pricing and the Relative Importance of Investor Sentiment: Evidence from Germany," Money Macro and Finance (MMF) Research Group Conference 2004 62, Money Macro and Finance Research Group. [Downloadable!]
    12. Goergen, Marc & Khurshed, Arif & Renneboog, L.D.R., 2006. "Why are the French so different from the Germans? Underpricing of IPOs on the Euro New Markets," Discussion Paper 8, Tilburg University, Tilburg Law and Economic Center. [Downloadable!]
      Other versions:
    13. Ulf von Lilienfeld-Toal & Stefan Ruenzi, 2007. "Why Managers Hold Shares of Their Firms: An Empirical Analysis," SFB 649 Discussion Papers SFB649DP2007-055, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany. [Downloadable!]
    14. Alex Stomper & Wolfgang Aussenegg & Pegaret Pichler, 2004. "IPO Pricing with Bookbuilding and a When-Issued Market," Working Papers 2004.8, Fondazione Eni Enrico Mattei. [Downloadable!]
    15. Silvia Rossetto, 2008. "The price of rapid exit in venture capital-backed IPOs," Annals of Finance, Springer, vol. 4(1), pages 29-53, January. [Downloadable!] (restricted)
    16. Tim Jenkinson & Howard Jones, 2006. "IPO pricing and allocation: a survey of the views of institutional investors," OFRC Working Papers Series 2006fe13, Oxford Financial Research Centre. [Downloadable!]
      Other versions:
    17. Josh Lerner & Ulrike Malmendier, 2005. "Contractibility and the Design of Research Agreements," NBER Working Papers 11292, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    18. Bates, Thomas W. & Kahle, Kathleen M. & Stulz, Rene M., 2007. "Why Do U.S. Firms Hold So Much More Cash Than They Used To?," Working Paper Series 2006-17, Ohio State University, Charles A. Dice Center for Research in Financial Economics. [Downloadable!]
    19. Ljungqvist, Alexander P, 2003. "Conflicts of Interest and Efficient Contracting in IPOs," CEPR Discussion Papers 4163, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    20. Lawrence A. Plummer, 2007. "The Spatial Dynamic Between Established Firms and Entrants," The Office of Advocacy Small Business Working Papers 07lp, U.S. Small Business Administration, Office of Advocacy. [Downloadable!]
    21. Stavros Peristiani, 2003. "Evaluating the riskiness of initial public offerings: 1980-2000," Staff Reports 167, Federal Reserve Bank of New York. [Downloadable!]
    22. Alexander Ljungqvist & Matthew Richardson, 2003. "The cash flow, return and risk characteristics of private equity," NBER Working Papers 9454, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    23. Guillermo Yañez & Carlos Maquieira, 2009. "Rendimiento de Ofertas Públicas Iniciales de Acciones en Chile: Evidencia Empírica entre 1994 y 2007," Serie de Documentos de Trabajo 2, Superintendencia de Valores y Seguros, División de Estudios y Desarrollo de Mercados. [Downloadable!]
    24. Andrew Ellul & Marco Pagano, 2003. "IPO underpricing and after-market liquidity," CSEF Working Papers 99, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy. [Downloadable!]
      Other versions:
    25. Hsuan-Chi Chen & Chiuling Lu, 2006. "How Much Do REITs Pay for Their IPOs?," The Journal of Real Estate Finance and Economics, Springer, vol. 33(2), pages 105-125, September. [Downloadable!] (restricted)
    26. Michelle Lowry & Micah S. Officer & G. William Schwert, 2006. "The Variability of IPO Initial Returns," NBER Working Papers 12295, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    27. Matthew Pritsker, 2006. "A fully-rational liquidity-based theory of IPO underpricing and underperformance," Finance and Economics Discussion Series 2006-12, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
    28. Christian Hopp & Axel Dreher, 2007. "Do Differences in Institutional and Legal Environments Explain Cross-Country Variations in IPO Underpricing?," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
      Other versions:
    29. Stefanie Franzke (Contact), Stefanie Grohs, Christian Laux, 2003. "Initial Public Offerings and Venture Capital in Germany," CFS Working Paper Series 2003/26, Center for Financial Studies. [Downloadable!]
    30. Steven Zheng & Joseph Ogden & Frank Jen, 2005. "Pursuing Value Through Liquidity in IPOs: Underpricing, Share Retention, Lockup, and Trading Volume Relationships," Review of Quantitative Finance and Accounting, Springer, vol. 25(3), pages 293-312, November. [Downloadable!] (restricted)
    31. Thomas Philippon & Yuliy Sannikov, 2007. "Real Options in a Dynamic Agency Model, with Applications to Financial Development, IPOs, and Business Risk," NBER Working Papers 13584, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    32. Sugata Ray & Missaka Warusawitharana, 2007. "An efficiency perspective on the gains from mergers and asset purchases," Finance and Economics Discussion Series 2007-39, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
      Other versions:
    33. Alex Stomper & Pegaret Pichler, 2004. "Primary Market Design: Direct Mechanisms and Markets," Working Papers 2004.9, Fondazione Eni Enrico Mattei. [Downloadable!]
    34. Jiao, T. & Mertens, G.M.H. & Roosenboom, P.G.J., 2007. "Industry Valuation Driven Earnings Management," Research Paper ERS-2007-069-F&A Revision, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus Uni. [Downloadable!]
    35. Wolfgang Bessler & Andreas Kurth, 2007. "Agency Problems and the Performance of Venture-backed IPOs in Germany: Exit Strategies, Lock-up Periods, and Bank Ownership," European Journal of Finance, Taylor and Francis Journals, vol. 13(1), pages 29-63, January. [Downloadable!] (restricted)
    36. Re-Jin Guo, 2005. "Information Collection and IPO Underpricing," Review of Quantitative Finance and Accounting, Springer, vol. 25(1), pages 5-19, August. [Downloadable!] (restricted)
    37. Gerard Hoberg & Gordon M. Phillips, 2008. "Product Market Synergies and Competition in Mergers and Acquisitions," NBER Working Papers 14289, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    38. Cécile Carpentier & Jean-Marc Suret, 2009. "The Survival and Success of Canadian Penny Stock IPOs," CIRANO Working Papers 2007s-28, CIRANO. [Downloadable!]
    39. Ben Sopranzetti & Emilio Venezian & Xiaoli Wang, 2006. "The Market for New Issues: Impact of Offering Price on Price Support and Underpricing," Review of Quantitative Finance and Accounting, Springer, vol. 26(2), pages 165-176, March. [Downloadable!] (restricted)
    40. Bourjade, Sylvain, 2003. "Strategic Price Discounting and Rationing in Uniform Price Auctions
      [Rationing as a Strategic Tool in Uniform Price Auctions]      ," MPRA Paper 7260, University Library of Munich, Germany, revised Oct 2007. [Downloadable!]
      Other versions:

  8. Ritter, Jay R., 2003. "Behavioral finance," Pacific-Basin Finance Journal, Elsevier, vol. 11(4), pages 429-437, September. [Downloadable!] (restricted)

    Cited by:

    1. Kian-Ping Lim & Venus Khim-Sen Liew & Hock-Tsen Wong, 2003. "Weak-form Efficient Market Hypothesis, Behavioural Finance and Episodic Transient Dependencies: The Case of the Kuala Lumpur Stock Exchange," Finance 0312012, EconWPA. [Downloadable!]
    2. David G. McMillan, 2005. "Is non-linearity a permanent feature? Evidence from recursive and rolling estimation," Applied Financial Economics Letters, Taylor and Francis Journals, vol. 1(4), pages 229-232, July. [Downloadable!] (restricted)

  9. Daniel J. Bradley & Bradford D. Jordan & Jay R. Ritter, 2003. "The Quiet Period Goes out with a Bang," Journal of Finance, American Finance Association, vol. 58(1), pages 1-36, 02. [Downloadable!] (restricted)

    Cited by:

    1. Bryan Mase, 2003. "A Change Of Focus Stock Market Reclassification In The Uk," Public Policy Discussion Papers 03-23, Economics and Finance Section, School of Social Sciences, Brunel University. [Downloadable!]
    2. Simona Mola & Massimo Guidolin, 2006. "Why do analysts continue to provide favorable coverage for seasoned stocks?," Working Papers 2006-034, Federal Reserve Bank of St. Louis. [Downloadable!]
    3. Jenkinson, Tim & Jones, Howard, 2002. "Bids and Allocations in European IPO Bookbuilding," CEPR Discussion Papers 3644, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
      Other versions:
    4. François Degeorge & François Derrien & Kent L. Womack, 2004. "Quid Pro Quo in IPOs: Why Book-building is Dominating Auctions," Working Papers 2004.150, Fondazione Eni Enrico Mattei. [Downloadable!]
      Other versions:
    5. William J. Wilhelm & Alan Morrison & Tim Jenkinson, 2003. "Why are European IPOs so rarely priced outside the indicative price range?," OFRC Working Papers Series 2003fe05, Oxford Financial Research Centre. [Downloadable!]
      Other versions:
    6. Erik Sirri, 2004. "Investment banks, scope, and unavoidable conflicts of interest," Economic Review, Federal Reserve Bank of Atlanta, issue Q 4, pages 23-35. [Downloadable!]
    7. Bryan Mase, 2003. "A Change Of Focus Stock Market Reclassification In The Uk," Economics and Finance Discussion Papers 03-23, Economics and Finance Section, School of Social Sciences, Brunel University. [Downloadable!]
    8. Lidén, Erik R., 2004. "Are Underwriter-Analysts More Informed? Scandinavian Evidence," Working Papers in Economics 132, Göteborg University, Department of Economics, revised 19 Nov 2004. [Downloadable!]
    9. Ljungqvist, Alexander P & Marston, Felicia & Wilhelm Jr, William J, 2003. "Competing for Securities Underwriting Mandates: Banking Relationships and Analyst Recommendations," CEPR Discussion Papers 4162, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
      Other versions:
    10. Malmendier, Ulrike M. & Shanthikumar, Devin, 2004. "Are Investors Naive about Incentives?," Research Papers 1867, Stanford University, Graduate School of Business. [Downloadable!]

  10. Jay R. Ritter, 2003. "Differences between European and American IPO Markets," European Financial Management, Blackwell Publishing Ltd, vol. 9(4), pages 421-434. [Downloadable!] (restricted)

    Cited by:

    1. Guray Kucukkocaoglu, 2007. "Underpricing in Turkey: Comparison of the IPO Methods," Money Macro and Finance (MMF) Research Group Conference 2006 8, Money Macro and Finance Research Group. [Downloadable!]
    2. Michael Stolpe, 2004. "Europe's Entry into the Venture Capital Business: Efficiency and Policy," Kiel Working Papers 1223, Kiel Institute for the World Economy. [Downloadable!]
    3. Lidén, Erik R., 2004. "Are Underwriter-Analysts More Informed? Scandinavian Evidence," Working Papers in Economics 132, Göteborg University, Department of Economics, revised 19 Nov 2004. [Downloadable!]
    4. Maria Borges, 2007. "Underpricing of Initial Public Offerings: The Case of Portugal," International Advances in Economic Research, Springer, vol. 13(1), pages 65-80, February. [Downloadable!] (restricted)
    5. Valérie Revest & Sandro Sapio, . "Financing Technology-Based Small Firms in Europe: a review of the empirical evidence," LEM Papers Series 2008/23, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy. [Downloadable!]
    6. Armin Schwienbacher, 2008. "Venture capital investment practices in Europe and the United States," Financial Markets and Portfolio Management, Springer, vol. 22(3), pages 195-217, September. [Downloadable!] (restricted)

  11. Jay R. Ritter & Ivo Welch, 2002. "A Review of IPO Activity, Pricing, and Allocations," Journal of Finance, American Finance Association, vol. 57(4), pages 1795-1828, 08. [Downloadable!] (restricted)
    Other versions:

    See citations under working paper version above.

  12. Tim Loughran & Jay R. Ritter, 2002. "Why Don't Issuers Get Upset About Leaving Money on the Table in IPOs?," Review of Financial Studies, Oxford University Press for Society for Financial Studies, vol. 15(2), pages 413-444, March.

    Cited by:

    1. Anna Zalewska, 2005. "Home bias and stock market development. The Polish experience," The Centre for Market and Public Organisation 05/136, Department of Economics, University of Bristol, UK. [Downloadable!]
    2. William J. Wilhelm & Alexander Ljungqvist, 2002. "IPO Pricing in the Dot-com Bubble," OFRC Working Papers Series 2002fe07, Oxford Financial Research Centre. [Downloadable!]
      Other versions:
    3. Hamid Mehran & Rene M. Stulz, 2006. "The Economics of Conflicts of Interest in Financial Institutions," NBER Working Papers 12695, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    4. L. Cassia & G. Giudici & S. Paleari & R. Redondi, 2004. "IPO underpricing in Italy," Applied Financial Economics, Taylor and Francis Journals, vol. 14(3), pages 179-194, February. [Downloadable!] (restricted)
    5. Ravi Jagannathan & Ann E. Sherman, 2006. "Why Do IPO Auctions Fail?," NBER Working Papers 12151, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    6. Chitru S. Fernando & Srinivasan Krishnamurthy & Paul A. Spindt, 2002. "Is the Offer Price in IPOs Informative? Underpricing, Ownership Structure, and Performance," Center for Financial Institutions Working Papers 01-33, Wharton School Center for Financial Institutions, University of Pennsylvania. [Downloadable!]
    7. Marco Rummer & Andreas Oehler & Peter N. Smith, 2004. "IPO Pricing and the Relative Importance of Investor Sentiment: Evidence from Germany," Money Macro and Finance (MMF) Research Group Conference 2004 62, Money Macro and Finance Research Group. [Downloadable!]
    8. Cao Melanie & Shouyong Shi, 2002. "Signalling in the Internet Craze of Initial Public Offerings," Working Papers shouyong-02-03, University of Toronto, Department of Economics. [Downloadable!]
      Other versions:
    9. Jean Helwege & Nellie Liang, 2003. "Initial public offerings in hot and cold markets," Finance and Economics Discussion Series 2003-04, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
    10. Daying Yan & Jun Cai, 2003. "Long-Run Operating Performance of Initial Public Offerings in Japanese Over-the-Counter Market (1991–2001): Evidence and Implications," Asia-Pacific Financial Markets, Springer, vol. 10(2), pages 239-274, September. [Downloadable!] (restricted)
    11. Bourjade, Sylvain, 2002. "Diversification of Investor's Expertise in IPOs
      [Information diversification prior to an IPO]      ," MPRA Paper 7259, University Library of Munich, Germany, revised Dec 2007. [Downloadable!]
    12. Ingo Walter, 2003. "Conflicts of Interest and Market Discipline Among Financial Services Firms," Working Papers 03-24, New York University, Leonard N. Stern School of Business, Department of Economics. [Downloadable!]
    13. Giannetti, Mariassunta & Yu, Xiaoyun, 2007. "Favouritism or Markets in Capital Allocation?," CEPR Discussion Papers 6124, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
      Other versions:
    14. Alex Stomper & Wolfgang Aussenegg & Pegaret Pichler, 2004. "IPO Pricing with Bookbuilding and a When-Issued Market," Working Papers 2004.8, Fondazione Eni Enrico Mattei. [Downloadable!]
    15. Tim Jenkinson & Howard Jones, 2006. "IPO pricing and allocation: a survey of the views of institutional investors," OFRC Working Papers Series 2006fe13, Oxford Financial Research Centre. [Downloadable!]
      Other versions:
    16. Vicente Pons-Sanz, 2005. "Who benefits from IPO underpricing? Evidence form hybrid bookbuilding offerings," Working Paper Series 428, European Central Bank. [Downloadable!]
    17. Covas, Francisco & Den Haan, Wouter, 2007. "The Role of Debt and Equity Finance over the Business Cycle," CEPR Discussion Papers 6145, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
      Other versions:
    18. Naoki KOJIMA, 2004. "The IPO Spread and Conflicts of Interests," Economics and Finance Discussion Papers 04-06, Economics and Finance Section, School of Social Sciences, Brunel University. [Downloadable!]
    19. Malcolm Baker & Robin Greenwood & Jeffrey Wurgler, 2008. "Catering Through Nominal Share Prices," NBER Working Papers 13762, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    20. Goergen, M. & Renneboog, L.D.R. & Khurshed, A., 2004. "Shareholder lockup agreements in the European new markets," Discussion Paper 121, Tilburg University, Center for Economic Research. [Downloadable!]
    21. Ljungqvist, Alexander P, 2003. "Conflicts of Interest and Efficient Contracting in IPOs," CEPR Discussion Papers 4163, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    22. Naoki KOJIMA, 2004. "The IPO Spread and Conflicts of Interests," Public Policy Discussion Papers 04-06, Economics and Finance Section, School of Social Sciences, Brunel University. [Downloadable!]
    23. Ljungqvist, Alexander P & Wilhelm Jr, William J, 2001. "IPO Allocations: Discriminatory or Discretionary?," CEPR Discussion Papers 2855, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
      Other versions:
    24. Stavros Peristiani, 2003. "Evaluating the riskiness of initial public offerings: 1980-2000," Staff Reports 167, Federal Reserve Bank of New York. [Downloadable!]
    25. Michael Stolpe, 2003. "Learning and Signalling in the French and German Venture Capital Industries," Kiel Working Papers 1156, Kiel Institute for the World Economy. [Downloadable!]
      Other versions:
    26. Cornelli, Francesca & Goldreich, David, 2001. "Bookbuilding: How Informative is the Order Book?," CEPR Discussion Papers 2863, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    27. Cotei, Carmen & Farhat, Joseph Basheer & Mukherjee, Tarun K., 2004. "Informational externalities of going public decisions: evidence from industrial sector," Working Papers 2004-12, University of New Orleans, Department of Economics and Finance. [Downloadable!]
    28. Eli Ofek & Matthew Richardson, 2001. "DotCom Mania: The Rise and Fall of Internet Stock Prices," NBER Working Papers 8630, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    29. Katharina, Lewellen, 2004. "Risk, Reputation, and the Price Support of IPOs," Working papers 4453-03, Massachusetts Institute of Technology (MIT), Sloan School of Management. [Downloadable!]
    30. Maher Kooli & Jean-Marc Suret, 2001. "The Underpricing of Initial Public Offerings: Further Canadian Evidence," CIRANO Working Papers 2001s-50, CIRANO. [Downloadable!]
    31. Michelle Lowry & Micah S. Officer & G. William Schwert, 2006. "The Variability of IPO Initial Returns," NBER Working Papers 12295, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    32. Ljungqvist, Alexander P & Nanda, Vikram & Singh, Rajdeep, 2001. "Hot Markets, Investor Sentiment and IPO Pricing," CEPR Discussion Papers 3053, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
      Other versions:
    33. Fohlin, Caroline, 2000. "IPO Underpricing in Two Universes: Berlin, 1882-1892, and New York, 1998-2000," Working Papers 1088, California Institute of Technology, Division of the Humanities and Social Sciences. [Downloadable!]
    34. Benveniste, Lawrence M & Ljungqvist, Alexander P & Wilhelm Jr, William J & Yu, Xiaoyun, 2001. "Evidence of Information Spillovers in the Production of Investment Banking Services," CEPR Discussion Papers 2988, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
      Other versions:
    35. Alan Hughes & Jaeho Lee, 2006. "What's in a name and when does it matter? The hot and cold market impacts on underpricing of certification, reputation and conflicts of interest in venture capital backed Korean IPOs," ESRC Centre for Business Research - Working Papers wp336, ESRC Centre for Business Research. [Downloadable!]
    36. Reena Aggarwal & Nagpurnanand R. Prabhala & Manju Puri, 2002. "Institutional Allocation In Initial Public Offerings: Empirical Evidence," NBER Working Papers 9070, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    37. Alex Stomper & Pegaret Pichler, 2004. "Primary Market Design: Direct Mechanisms and Markets," Working Papers 2004.9, Fondazione Eni Enrico Mattei. [Downloadable!]
    38. Roosenboom, P.G.J. & Goot, T. van der, 2003. "Takeover defenses and IPO firm value in the Netherlands," Research Paper ERS-2003-049-ORG Revision, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus Uni. [Downloadable!]
    39. Michelle Lowry & G. William Schwert, 2000. "IPO Market Cycles: Bubbles or Sequential Learning?," NBER Working Papers 7935, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:

  13. Hsuan-Chi Chen & Jay R. Ritter, 2000. "The Seven Percent Solution," Journal of Finance, American Finance Association, vol. 55(3), pages 1105-1131, 06. [Downloadable!] (restricted)

    Cited by:

    1. Lawrence J. White, 2006. "The Residential Real Estate Brokerage Industry: What Would More Vigorous Competition Look Like?," Working Papers 06-06, New York University, Leonard N. Stern School of Business, Department of Economics. [Downloadable!]
    2. James Ang & Shaojun Zhang, 2006. "Underwriting relationships: Information production costs, underwriting fees, and first mover advantage," Review of Quantitative Finance and Accounting, Springer, vol. 27(2), pages 205-229, September. [Downloadable!] (restricted)
    3. Naoki Kojima, 2007. "IPO share allocation and conflicts of interest," Annals of Finance, Springer, vol. 3(3), pages 369-387, July. [Downloadable!] (restricted)
    4. Francis , Bill B & Hasan, Iftekhar & Sun, Xian, 2009. "Political connections and the process of going public: evidence from China," Research Discussion Papers 7/2009, Bank of Finland. [Downloadable!]
      Other versions:
    5. Paul Oyer, 2006. "The Making of an Investment Banker: Macroeconomic Shocks, Career Choice, and Lifetime Income," NBER Working Papers 12059, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    6. Augusto Arellano-Ostoa & Sandro Brusco, 2002. "Understanding Reverse Mergers: A First Approach," Business Economics Working Papers wb021711, Universidad Carlos III, Departamento de Economía de la Empresa. [Downloadable!]
    7. Bruno Biais & Thomas Mariotti, 2003. "Strategic Liquidity Supply and Security Design," STICERD - Theoretical Economics Paper Series 445, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE. [Downloadable!]
      Other versions:
    8. Simon Loertscher & Andras Niedermayer, 2008. "Fee Setting Intermediaries: On Real Estate Agents, Stock Brokers, and Auction Houses," Discussion Papers 1472, Northwestern University, Center for Mathematical Studies in Economics and Management Science. [Downloadable!]
    9. Chitru S. Fernando & Srinivasan Krishnamurthy & Paul A. Spindt, 2002. "Is the Offer Price in IPOs Informative? Underpricing, Ownership Structure, and Performance," Center for Financial Institutions Working Papers 01-33, Wharton School Center for Financial Institutions, University of Pennsylvania. [Downloadable!]
    10. Robert Battalio & Tim Loughran, 2008. "Does Payment For Order Flow To Your Broker Help Or Hurt You?," Journal of Business Ethics, Springer, vol. 80(1), pages 37-44, June. [Downloadable!] (restricted)
    11. Ljungqvist, Alexander P & Wilhelm Jr, William J, 2001. "The Seven Percent Solution? An International Perspective On Underwriting Spreads," CEPR Discussion Papers 2736, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
      Other versions:
    12. Yasushi Hamao & Frank Packer & Jay R. Ritter, 1998. "Institutional affiliation and the role of venture capital: evidence from initial public offerings in Japan," Staff Reports 52, Federal Reserve Bank of New York. [Downloadable!]
      Other versions:
    13. François Degeorge & François Derrien & Kent L. Womack, 2004. "Quid Pro Quo in IPOs: Why Book-building is Dominating Auctions," Working Papers 2004.150, Fondazione Eni Enrico Mattei. [Downloadable!]
      Other versions:
    14. Ingo Walter, 2003. "Conflicts of Interest and Market Discipline Among Financial Services Firms," Working Papers 03-24, New York University, Leonard N. Stern School of Business, Department of Economics. [Downloadable!]
    15. Kedar Kulkarni & Tarun Sabarwal, 2007. "To what extent are investment bank-differentiating factors relevant for firms floating moderate-sized IPOs?," Annals of Finance, Springer, vol. 3(3), pages 297-327, July. [Downloadable!] (restricted)
      Other versions:
    16. Marcelo Pinheiro, 2008. "Demand shocks and market manipulation," Annals of Finance, Springer, vol. 4(3), pages 269-298, July. [Downloadable!] (restricted)
    17. Frederick Adjei & Ken Cyree & Mark Walker, 2008. "The determinants and survival of reverse mergers vs IPOs," Journal of Economics and Finance, Springer, vol. 32(2), pages 176-194, April. [Downloadable!] (restricted)
    18. Alexander Ljungqvist & Tim Jenkinson & William Wilhelm, 2001. "Global Integration in Primary Equity Markets: The Role of U.S. Banks and U.S. Investors," OFRC Working Papers Series 2001fe06, Oxford Financial Research Centre. [Downloadable!]
      Other versions:
    19. Bharat N. Anand & Alexander Galetovic, 2002. "Investment Banking and Security Market Development: Does Finance Follow Industry?," Documentos de Trabajo 121, Centro de Economía Aplicada, Universidad de Chile. [Downloadable!]
    20. Ivan Roten & Donald Mullineaux, 2005. "Equity Underwriting Spreads at Commercial Bank Holding Companies and Investment Banks," Journal of Financial Services Research, Springer, vol. 27(3), pages 243-258, September. [Downloadable!] (restricted)
    21. Naoki KOJIMA, 2004. "The IPO Spread and Conflicts of Interests," Economics and Finance Discussion Papers 04-06, Economics and Finance Section, School of Social Sciences, Brunel University. [Downloadable!]
    22. Bruno Biais & Christophe Bisiere & Chester Spatt, 2002. "Imperfect Competition in Financial Markets: ISLAND vs. NASDAQ," GSIA Working Papers 2003-E41, Carnegie Mellon University, Tepper School of Business. [Downloadable!]
    23. Ljungqvist, Alexander P, 2003. "Conflicts of Interest and Efficient Contracting in IPOs," CEPR Discussion Papers 4163, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    24. Naoki KOJIMA, 2004. "The IPO Spread and Conflicts of Interests," Public Policy Discussion Papers 04-06, Economics and Finance Section, School of Social Sciences, Brunel University. [Downloadable!]
    25. Tim Jenkinson & William Wilhelm & Alexander Ljungqvist, 2000. "Has the introduction of bookbuilding increased the efficiency of international IPOs?," OFRC Working Papers Series 2000fe04, Oxford Financial Research Centre. [Downloadable!]
      Other versions:
    26. Michel Habib & Alexander Ljungqvist, 1999. "Underpricing and Entrepreneurial Wealth Losses in IPOs: Theory and Evidence," OFRC Working Papers Series 1999fe03, Oxford Financial Research Centre. [Downloadable!]
      Other versions:
    27. Kevin C. H. Chiang & T. Harikumar, 2004. "Offering price clusters and underpricing in the US primary market," Applied Financial Economics, Taylor and Francis Journals, vol. 14(11), pages 809-822, July. [Downloadable!] (restricted)
    28. Aggrawal, Reena & Prabhala, Nagpurnanand & Puri, Manju, 2002. "Institutional Allocation in Initial Public Offerings: Empirical Evidence," Research Papers 1747, Stanford University, Graduate School of Business. [Downloadable!]
    29. Hsuan-Chi Chen & Chiuling Lu, 2006. "How Much Do REITs Pay for Their IPOs?," The Journal of Real Estate Finance and Economics, Springer, vol. 33(2), pages 105-125, September. [Downloadable!] (restricted)
    30. Biais, Bruno & Bisière, Christophe & Spatt, Chester, 2003. "Imperfect Competition in Financial Markets: ISLAND versus NASDAQ," IDEI Working Papers 220, Institut d'Économie Industrielle (IDEI), Toulouse, revised Dec 2006. [Downloadable!]
    31. Jong, A. de & Roosenboom, P.G.J. & Schramade, W.L.J., 2005. "Bond underwriting fees and keiretsu affiliation in Japan," Research Paper ERS-2005-038-F&A Revision, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus Uni. [Downloadable!]
    32. Adriani, Fabrizio & Deidda, Luca & Sonderegger, Silvia, 2009. "The Role of Financial Intermediaries in Securities Issues: A Theoretical Analysis," MPRA Paper 16112, University Library of Munich, Germany. [Downloadable!]
    33. Bharant N. Anand & Alexander Galetovic, 2000. "Relationships, Competition, and the Structure of Investment Banking Markets," Documentos de Trabajo 96, Centro de Economía Aplicada, Universidad de Chile. [Downloadable!]
    34. Ann E. Sherman & Sheridan Titman, 2000. "Building the IPO Order Book: Underpricing and Participation Limits With Costly Information," NBER Working Papers 7786, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    35. Reena Aggarwal & Nagpurnanand R. Prabhala & Manju Puri, 2002. "Institutional Allocation In Initial Public Offerings: Empirical Evidence," NBER Working Papers 9070, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    36. Alexander Ljungqvist, 1999. "IPO Underpricing, Wealth Losses and the Curious Role of Venture Capitalists in the Creation of Public Companies," OFRC Working Papers Series 1999fe04, Oxford Financial Research Centre. [Downloadable!]
    37. Pástor, Luboš & Veronesi, Pietro, 2003. "Stock Prices and IPO Waves," CEPR Discussion Papers 4002, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
      Other versions:
    38. Jean-Marc Suret & Maher Kooli, 2002. "How cost-effective are Canadian IPO markets?," CIRANO Working Papers 2002s-83, CIRANO. [Downloadable!]
    39. Bharat N. Anand & Alexander Galetovic, 2002. "Does Competition Kill Relationships? Inside Investment Banking," Documentos de Trabajo 119, Centro de Economía Aplicada, Universidad de Chile. [Downloadable!]
    40. Pegaret Pichler & William Wilhelm, 2001. "A Theory of the Syndicate: Form Follows Function," OFRC Working Papers Series 2001fe05, Oxford Financial Research Centre. [Downloadable!]
    41. Anton Korinek & Joseph E. Stiglitz, 2008. "Dividend Taxation and Intertemporal Tax Arbitrage," NBER Working Papers 13858, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:

  14. Loughran, Tim & Ritter, Jay R., 2000. "Uniformly least powerful tests of market efficiency," Journal of Financial Economics, Elsevier, vol. 55(3), pages 361-389, March. [Downloadable!] (restricted)

    Cited by:

    1. Robert L Conn & Andy Cosh & Paul M Guest & Alan Hughes, 2003. "The Impact on U.K. Acquirers of Domestic, Cross-border, Public and Private Acquisitions," ESRC Centre for Business Research - Working Papers wp276, ESRC Centre for Business Research. [Downloadable!]
    2. Anna Zalewska, 2005. "Home bias and stock market development. The Polish experience," The Centre for Market and Public Organisation 05/136, Department of Economics, University of Bristol, UK. [Downloadable!]
    3. Andrew Ang & Li Gu & Yael V. Hochberg, 2006. "Is IPO Underperformance a Peso Problem?," NBER Working Papers 12203, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    4. Eurico Ferreira & Amit Sinha & Dale Varble, 2008. "Long-run performance following quality management certification," Review of Quantitative Finance and Accounting, Springer, vol. 30(1), pages 93-109, January. [Downloadable!] (restricted)
    5. L. Cassia & G. Giudici & S. Paleari & R. Redondi, 2004. "IPO underpricing in Italy," Applied Financial Economics, Taylor and Francis Journals, vol. 14(3), pages 179-194, February. [Downloadable!] (restricted)
    6. MING DONG & David Hirshleifer & SCOTT RICHARSON & Siew Hong Teoh, 2004. "Does Investor Misvaluation Drive the Takeover Market?," Finance 0412002, EconWPA. [Downloadable!]
      Other versions:
    7. Ming-Long Lee & Ming-Te Lee & Kevin Chiang, 2008. "Real Estate Risk Exposure of Equity Real Estate Investment Trusts," The Journal of Real Estate Finance and Economics, Springer, vol. 36(2), pages 165-181, February. [Downloadable!] (restricted)
    8. Cécile Carpentier & Jean-François L'Her & Jean-Marc Suret, 2009. "Long-run Performance Following Cross-Listing: A Re-examination," CIRANO Working Papers 2007s-25, CIRANO. [Downloadable!]
    9. Cécile Carpentier & Jean-François L'Her & Stephan Smith & Jean-Marc Suret, 2007. "Risk, Timing and Overoptimism in Private Placements and Public Offerings," CIRANO Working Papers 2007s-27, CIRANO. [Downloadable!]
    10. Francis, Jennifer & LaFond, Ryan & Olsson, Per & Schipper, Katherine, 2003. "Accounting Anomalies and Information Uncertainty," SIFR Research Report Series 13, Institute for Financial Research. [Downloadable!]
    11. Owen A. Lamont & Richard H. Thaler, . "Can the Market Add and Subtract? Mispricing in Tech Stock Carve-outs," CRSP working papers 528, Center for Research in Security Prices, Graduate School of Business, University of Chicago. [Downloadable!]
      Other versions:
    12. Mark Bayless & Kelly Price & Margaret Monroe Smoller, 2005. "Firm characteristics, market conditions, and the pattern of performance after seasoned equity offers," Applied Financial Economics, Taylor and Francis Journals, vol. 15(9), pages 611-622, June. [Downloadable!] (restricted)
    13. María Jesús Pastor & Francisco Poveda, 2005. "Earnings Management As An Explanation Of The Equity Issue Puzzle," Working Papers. Serie AD 2005-04, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie). [Downloadable!]
    14. Luca Benzoni & Carola Schenone, 2007. "Conflict of interest and certification in the U.S. IPO market," Working Paper Series WP-07-09, Federal Reserve Bank of Chicago. [Downloadable!]
    15. Eugene F. Fama & Kenneth R. French, . "Newly Listed Firms: Fundamentals, Survival Rates, and Returns," CRSP working papers 530, Center for Research in Security Prices, Graduate School of Business, University of Chicago. [Downloadable!]
    16. Owen A. Lamont, 2002. "Evaluating Value Weighting: Corporate Events and Market Timing," NBER Working Papers 9049, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    17. David Ikenberry & Josef Lakonishok & Theo Vermaelen, 1999. "Stock Repurchases in Canada: Performance and Strategic Trading," NBER Working Papers 7325, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    18. Maher Kooli & Jean-Marc Suret, 2001. "The Underpricing of Initial Public Offerings: Further Canadian Evidence," CIRANO Working Papers 2001s-50, CIRANO. [Downloadable!]
    19. Hirshleifer, David & Jiang, Danling, 2007. "Commonality in Misvaluation, Equity Financing, and the Cross Section of Stock Returns," MPRA Paper 16134, University Library of Munich, Germany, revised 08 Jul 2009. [Downloadable!]
    20. Rajan, Madhav & Reichelstein, Stefan J. & Soliman, Mark T., 2006. "Conservatism, Growth, and Return on Investment," Research Papers 1956, Stanford University, Graduate School of Business. [Downloadable!]
    21. Ljungqvist, Alexander P & Nanda, Vikram & Singh, Rajdeep, 2001. "Hot Markets, Investor Sentiment and IPO Pricing," CEPR Discussion Papers 3053, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
      Other versions:
    22. Richard J. Rosen, 2004. "Merger momentum and investor sentiment: the stock market reaction to merger announcements," Working Paper Series WP-04-07, Federal Reserve Bank of Chicago. [Downloadable!]
    23. Alon Brav & Christopher Geczy & Paul A. Gompers, . "Is the Abnormal Return Following Equity Issuances Anomalous?," Rodney L. White Center for Financial Research Working Papers 2-99, Wharton School Rodney L. White Center for Financial Research. [Downloadable!]
      Other versions:
    24. Matthew Pritsker, 2006. "A fully-rational liquidity-based theory of IPO underpricing and underperformance," Finance and Economics Discussion Series 2006-12, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
    25. Maher Kooli & Jean-François L'Her & Jean-Marc Suret, 2003. "Do IPOs Underperform in the Long-Run? New Evidence from the Canadian Stock Market," CIRANO Working Papers 2003s-16, CIRANO. [Downloadable!]
    26. Steven Zheng & Joseph Ogden & Frank Jen, 2005. "Pursuing Value Through Liquidity in IPOs: Underpricing, Share Retention, Lockup, and Trading Volume Relationships," Review of Quantitative Finance and Accounting, Springer, vol. 25(3), pages 293-312, November. [Downloadable!] (restricted)
    27. JOSHUA D. COVAL & David Hirshleifer & TYLER G. SHUMWAY, 2004. "Can Individual Investors Beat the Market?," Finance 0412005, EconWPA. [Downloadable!]
    28. Maher Kooli & Jean-Marc Suret, 2001. "The Aftermarket Performance of Initial Public Offerings in Canada," CIRANO Working Papers 2001s-52, CIRANO. [Downloadable!]
    29. LaFond, Ryan, 2005. "Is the Accrual Anomaly a Global Anomaly?," Working papers 27856, Massachusetts Institute of Technology (MIT), Sloan School of Management. [Downloadable!]
    30. Chee Lim & Tiong Thong & David Ding, 2008. "Firm diversification and earnings management: evidence from seasoned equity offerings," Review of Quantitative Finance and Accounting, Springer, vol. 30(1), pages 69-92, January. [Downloadable!] (restricted)
    31. Xiaoqiong Cai & Guy Liu & Bryan Mase, 2008. "The long-run performance of initial public offerings and its determinants: the case of China," Review of Quantitative Finance and Accounting, Springer, vol. 30(4), pages 419-432, May. [Downloadable!] (restricted)
    32. José Emilio Farinós, 2001. "Rendimientos anormales de las OPV en España," Investigaciones Economicas, Fundación SEPI, vol. 25(2), pages 417-437, May. [Downloadable!]
    33. Rüdiger Fahlenbrach & René M. Stulz, 2009. "Bank CEO Incentives and the Credit Crisis," NBER Working Papers 15212, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    34. Paul A. Gompers & Josh Lerner, 2001. "The Really Long-Run Performance of Initial Public Offerings: The Pre-NASDAQ Evidence," NBER Working Papers 8505, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:

  15. Hamao, Yasushi & Packer, Frank & Ritter, Jay R., 2000. "Institutional affiliation and the role of venture capital: Evidence from initial public offerings in Japan," Pacific-Basin Finance Journal, Elsevier, vol. 8(5), pages 529-558, October. [Downloadable!] (restricted)
    Other versions:

    See citations under working paper version above.

  16. Kim, Moonchul & Ritter, Jay R., 1999. "Valuing IPOs," Journal of Financial Economics, Elsevier, vol. 53(3), pages 409-437, September. [Downloadable!] (restricted)

    Cited by:

    1. Ingolf Dittmann & Christian Weiner, 2005. "Selecting Comparables for the Valuation of European Firms," SFB 649 Discussion Papers SFB649DP2005-002, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany. [Downloadable!]
    2. Bill Dimovski & Robert Brooks, 2005. "Dividend forecasts and dividend payments of initial public offerings -- when zero means zero and no comment most likely also means zero," Applied Financial Economics Letters, Taylor and Francis Journals, vol. 1(3), pages 139-141, May. [Downloadable!] (restricted)
    3. Marco Rummer & Andreas Oehler & Peter N. Smith, 2004. "IPO Pricing and the Relative Importance of Investor Sentiment: Evidence from Germany," Money Macro and Finance (MMF) Research Group Conference 2004 62, Money Macro and Finance Research Group. [Downloadable!]
    4. Vicente Pons-Sanz, 2005. "Who benefits from IPO underpricing? Evidence form hybrid bookbuilding offerings," Working Paper Series 428, European Central Bank. [Downloadable!]
    5. Maher Kooli & Jean-Marc Suret, 2001. "The Underpricing of Initial Public Offerings: Further Canadian Evidence," CIRANO Working Papers 2001s-50, CIRANO. [Downloadable!]
    6. Beat Reber & Bob Berry & Steve Toms, 2005. "Firm resources and quality signalling: evidence from UK initial public offerings," Applied Financial Economics, Taylor and Francis Journals, vol. 15(8), pages 575-586, May. [Downloadable!] (restricted)
    7. Dittmann, I. & Maug, E., 2006. "Valuation Biases, Error Measures, and the Conglomerate Discount," Research Paper ERS-2006-011-F&A Revision, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus Uni. [Downloadable!]
      Other versions:
    8. Maher Kooli & Jean-Marc Suret, 2001. "The Aftermarket Performance of Initial Public Offerings in Canada," CIRANO Working Papers 2001s-52, CIRANO. [Downloadable!]
    9. Cécile Carpentier & Douglas Cumming & Jean-Marc Suret, 2009. "The Value of Capital Market Regulation: IPOs versus Reverse Mergers," CIRANO Working Papers 2009s-06, CIRANO. [Downloadable!]
    10. Roosenboom, P.G.J. & Goot, T. van der, 2003. "Takeover defenses and IPO firm value in the Netherlands," Research Paper ERS-2003-049-ORG Revision, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus Uni. [Downloadable!]

  17. Loughran, Tim & Ritter, Jay R, 1997. " The Operating Performance of Firms Conducting Seasoned Equity Offerings," Journal of Finance, American Finance Association, vol. 52(5), pages 1823-50, December. [Downloadable!] (restricted)

    Cited by:

    1. Francois Gourio & Jianjun Miao, 2006. "Firm Heterogeneity and the Long-Run Effects of Dividend Tax Reform," Boston University - Department of Economics - Working Papers Series WP2006-053, Boston University - Department of Economics. [Downloadable!]
    2. Hirshleifer, David & Teoh, Siew Hong, 2009. "The Psychological Attraction Approach to Accounting and Disclosure Policy," MPRA Paper 14046, University Library of Munich, Germany. [Downloadable!]
    3. Kabir, R. & Roosenboom, P., 2000. "Can the stock market anticipate future operating performance? : evidence from equity rights issues," Discussion Paper 22, Tilburg University, Center for Economic Research. [Downloadable!]
    4. Pástor, Luboš & Taylor, Lucian & Veronesi, Pietro, 2007. "Entrepreneurial Learning, the IPO Decision, and the Post-IPO Drop in Firm Profitability," CEPR Discussion Papers 6061, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
      Other versions:
    5. Beaver, William H. & McNichols, Maureen F. & Nelson, Karen K., 2000. "Do Firms Issuing Equity Manage their Earnings? Evidence from the Property-Casualty Insurance Industry," Research Papers 1605, Stanford University, Graduate School of Business. [Downloadable!]
    6. Arnoud W.A. Boot & Anjan V. Thakor, 2003. "Disagreement and Flexibility: A Theory of Optimal Security Issuance and Capital Structure," Tinbergen Institute Discussion Papers 03-001/2, Tinbergen Institute. [Downloadable!]
      Other versions:
    7. Tijs Bie & Leo Haan, 2007. "Market Timing and Capital Structure: Evidence for Dutch Firms," De Economist, Springer, vol. 155(2), pages 183-206, June. [Downloadable!] (restricted)
    8. Francois Gourio & Jianjun Miao, 2009. "Firm Heterogeneity and the Long-run Effects of Dividend Tax Reform," NBER Working Papers 15044, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    9. Sung Bae & Hoje Jo, 2007. "Underwriter warrants, underwriter reputation, and growth signaling," Review of Quantitative Finance and Accounting, Springer, vol. 29(2), pages 129-154, August. [Downloadable!] (restricted)
    10. William R. Nelson, 1999. "Why does the change in shares predict stock returns?," Finance and Economics Discussion Series 1999-07, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
    11. Cécile Carpentier & Jean-François L'Her & Stephan Smith & Jean-Marc Suret, 2007. "Risk, Timing and Overoptimism in Private Placements and Public Offerings," CIRANO Working Papers 2007s-27, CIRANO. [Downloadable!]
    12. Christopher Polk & Paola Sapienza, 2004. "The Real Effects of Investor Sentiment," NBER Working Papers 10563, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    13. David Hyland, 2008. "The long-run performance of diversifying firms," Journal of Economics and Finance, Springer, vol. 32(3), pages 294-310, July. [Downloadable!] (restricted)
    14. J. Evans & J. Simpson & A. A. Mahate & R. Evans, 2004. "Impact of operating and balance sheet performance of Japanese international banks on bank safety levels and risk ratings," Applied Financial Economics, Taylor and Francis Journals, vol. 14(8), pages 599-610, May. [Downloadable!] (restricted)
    15. Daying Yan & Jun Cai, 2003. "Long-Run Operating Performance of Initial Public Offerings in Japanese Over-the-Counter Market (1991–2001): Evidence and Implications," Asia-Pacific Financial Markets, Springer, vol. 10(2), pages 239-274, September. [Downloadable!] (restricted)
    16. Robert E. Carpenter & Bruce C. Petersen, 2002. "Capital Market Imperfections, High-Tech Investment, and New Equity Financing," Economic Journal, Royal Economic Society, vol. 112(477), pages F54-F72, February. [Downloadable!] (restricted)
    17. Eric J. Higgins & Joseph R. Mason, 2003. "What is the value of recourse to asset backed securities? A clinical study of credit card banks," Working Papers 03-6, Federal Reserve Bank of Philadelphia. [Downloadable!]
    18. Mark Bayless & Kelly Price & Margaret Monroe Smoller, 2005. "Firm characteristics, market conditions, and the pattern of performance after seasoned equity offers," Applied Financial Economics, Taylor and Francis Journals, vol. 15(9), pages 611-622, June. [Downloadable!] (restricted)
    19. María Jesús Pastor & Francisco Poveda, 2005. "Earnings Management As An Explanation Of The Equity Issue Puzzle," Working Papers. Serie AD 2005-04, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie). [Downloadable!]
    20. Anete Pajuste, 2005. "Determinants and consequences of the unification of dual-class shares," Working Paper Series 465, European Central Bank. [Downloadable!]
    21. Gozzi, Juan Carlos & Levine, Ross & Schmukler, Sergio L., 2008. "Patterns of international capital raisings," Policy Research Working Paper Series 4687, The World Bank. [Downloadable!]
      Other versions:
    22. Tijs de Bie & Leo de Haan, 2004. "Does market timing drive capital structures? A panel data study for Dutch firms," DNB Working Papers 016, Netherlands Central Bank, Research Department. [Downloadable!]
    23. David J. Brophy & Paige P. Ouimet & Clemens Sialm, 2004. "PIPE Dreams? The Performance of Companies Issuing Equity Privately," NBER Working Papers 11011, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    24. Gian Luca Clementi, 2004. "IPO's and the Growth of Firms," Working Papers 04-23, New York University, Leonard N. Stern School of Business, Department of Economics. [Downloadable!]
      Other versions:
    25. Miglo, Anton & Zenkevich, Nikolay, 2005. "Non-hierarchical signalling: two-stage financing game," MPRA Paper 1264, University Library of Munich, Germany, revised 2006. [Downloadable!]
      Other versions:
    26. Miglo, Anton, 2006. "Debt-equity choice as a signal of profit profile over time," MPRA Paper 1283, University Library of Munich, Germany. [Downloadable!]
    27. Frank Lin & Gerard Gannon, 2007. "Private Placement and Share Price Reaction: Evidence from the Australian Biotechnology and Health Care Sector," Accounting, Finance, Financial Planning and Insurance Series 2007_05, Deakin University, Faculty of Business and Law, School of Accounting, Economics and Finance. [Downloadable!]
    28. DeAngelo, Harry & DeAngelo, Linda & Stulz, Rene, 2007. "Fundamentals, Market Timing, and Seasoned Equity Offerings," Working Paper Series 2007-13, Ohio State University, Charles A. Dice Center for Research in Financial Economics. [Downloadable!]
    29. François Gourio & Jianjun Miao, 2008. "Firm Heterogeneity and the Long-Run Effects of Dividend Tax Reform," Boston University - Department of Economics - Working Papers Series wp2008-002, Boston University - Department of Economics. [Downloadable!]
    30. Jean Helwege & Nellie Liang, 1996. "Initial public offerings in hot and cold markets," Finance and Economics Discussion Series 96-34, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
    31. Bottazzi, Laura & Da Rin, Marco, 2002. "Europe's 'New' Stock Markets," CEPR Discussion Papers 3521, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
      Other versions:
    32. Sara B. Moeller & Frederik P. Schlingemann & Rene M. Stulz, 2003. "Do shareholders of acquiring firms gain from acquisitions?," NBER Working Papers 9523, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    33. An Yan & Debarshi Nandy & Thomas Chemmanur, 2004. "Why Issue Mandatory Convertibles? Theory and Empirical Evidence," Econometric Society 2004 North American Winter Meetings 456, Econometric Society. [Downloadable!]
    34. Harry DeAngelo & Linda DeAngelo & René M. Stulz, 2007. "Fundamentals, Market Timing, and Seasoned Equity Offerings," NBER Working Papers 13285, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    35. Kabir, Rezaul, 2003. "Corporate Financing in The Netherlands: Some Empirical Evidence," EIFC - Technology and Finance Working Papers 32, United Nations University, Institute for New Technologies. [Downloadable!]
    36. Kent Daniel & Sheridan Titman, 2003. "Market Reactions to Tangible and Intangible Information," NBER Working Papers 9743, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    37. Renneboog, L.D.R. & Szilagyi, Peter G., 2006. "Corporate restructuring and bondholder wealth," Discussion Paper 23, Tilburg University, Center for Economic Research. [Downloadable!]
      Other versions:
    38. Erica X. N. Li & Dmitry Livdan & Lu Zhang, 2006. "Optimal Market Timing," NBER Working Papers 12014, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    39. Sheridan Titman & K.C. John Wei & Feixue Xie, 2003. "Capital Investments and Stock Returns," NBER Working Papers 9951, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    40. Marion Hutchinson, 2001. "A Contracting-Agency Analysis of the Association between Firm Risk, Incentives and Firm Performance: An Australian Perspective," Accounting, Finance, Financial Planning and Insurance Series 2001_05, Deakin University, Faculty of Business and Law, School of Accounting, Economics and Finance. [Downloadable!]
    41. Miglo, A., 2006. "Debt-Equity Choice As a Signal of Earnings Profile Over Time," Working Papers 2006-7, University of Guelph, Department of Economics. [Downloadable!]
      Other versions:
    42. Chee Lim & Tiong Thong & David Ding, 2008. "Firm diversification and earnings management: evidence from seasoned equity offerings," Review of Quantitative Finance and Accounting, Springer, vol. 30(1), pages 69-92, January. [Downloadable!] (restricted)
    43. YiLin Wu & Lee Cheng-Few, 2008. "Specification analysis of corporate equity financing decision: a conditional residual approach," Review of Quantitative Finance and Accounting, Springer, vol. 31(4), pages 395-423, November. [Downloadable!] (restricted)
    44. Yang Ni & Shasha Guo & David E. Giles, 2009. "Capital Structures in an Emerging Market: A Duration Analysis of the Time Interval Between IPO and SEO in China," Econometrics Working Papers 0905, Department of Economics, University of Victoria. [Downloadable!]
    45. Evgeny Lyandres & Le Sun & Lu Zhang, 2005. "Investment-Based Underperformance Following Seasoned Equity Offerings," NBER Working Papers 11459, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    46. Kabir, R. & Roosenboom, P.G.J., 2002. "Can the stock market anticipate future operating performance? Evidence from equity rights issues," Research Paper ERS-2002-102-F&A Revision, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus Uni. [Downloadable!]
    47. Miglo, A., 2006. "The structure of earnings-based compensation contracts when employers have private information," Working Papers 2006-13, University of Guelph, Department of Economics. [Downloadable!]

  18. Loughran, Tim & Ritter, Jay R, 1996. " Long-Term Market Overreaction: The Effect of Low-Priced Stocks," Journal of Finance, American Finance Association, vol. 51(5), pages 1959-70, December. [Downloadable!] (restricted)

    Cited by:

    1. Werner F. M. De Bondt & Richard H. Thaler, 1994. "Financial Decision-Making in Markets and Firms: A Behavioral Perspective," NBER Working Papers 4777, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)

  19. Loughran, Tim & Ritter, Jay R, 1995. " The New Issues Puzzle," Journal of Finance, American Finance Association, vol. 50(1), pages 23-51, March. [Downloadable!] (restricted)

    Cited by:

    1. Greenstone, Michael & Oyer, Paul & Vissing-Jorgensen, Annette, 2005. "Mandated Disclosure, Stock Returns, and the 1964 Securities Acts Amendments," Research Papers 1869r, Stanford University, Graduate School of Business. [Downloadable!]
      Other versions:
    2. Anna Zalewska, 2005. "Home bias and stock market development. The Polish experience," The Centre for Market and Public Organisation 05/136, Department of Economics, University of Bristol, UK. [Downloadable!]
    3. Kyri Kyriacou & Bryan Mase, 2004. "Executive Stock Option Exercises and the Predictive Ability of Transaction Value," Public Policy Discussion Papers 04-09, Economics and Finance Section, School of Social Sciences, Brunel University. [Downloadable!]
    4. Eckbo, B. Espen & Norli, Øyvind, 2004. "The choice of seasoned-equity selling mechanism: Theory and evidence," Discussion Papers 2004/17, Department of Finance and Management Science, Norwegian School of Economics and Business Administration. [Downloadable!]
      Other versions:
    5. Baek, Jae-Seung & Kang, Jun-Koo & Lee, Inmoo, 2004. "Business Groups and Tunneling: Evidence from Private Securities Offerings by Korean Chaebols," CEI Working Paper Series 2004-6, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University. [Downloadable!]
    6. Terrance Odean, 1998. "Volume, Volatility, Price and Profit When All Traders Are Above Average," Finance 9803001, EconWPA. [Downloadable!]
    7. Kabir, R. & Roosenboom, P., 2000. "Can the stock market anticipate future operating performance? : evidence from equity rights issues," Discussion Paper 22, Tilburg University, Center for Economic Research. [Downloadable!]
    8. Paul A. Gompers & Andrew Metrick, 1998. "Institutional Investors and Equity Prices," NBER Working Papers 6723, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    9. Mónica Melle, 2005. "¿Cómo valora el mercado de valores español la adopción de planes de opciones sobre acciones para directivos y consejeros?," Investigaciones Economicas, Fundación SEPI, vol. 29(1), pages 73-115, January. [Downloadable!]
    10. Kyri Kyriacou & Bryan Mase, 2004. "Executive Stock Option Exercises and the Predictive Ability of Transaction Value," Economics and Finance Discussion Papers 04-09, Economics and Finance Section, School of Social Sciences, Brunel University. [Downloadable!]
    11. Pástor, Luboš & Taylor, Lucian & Veronesi, Pietro, 2007. "Entrepreneurial Learning, the IPO Decision, and the Post-IPO Drop in Firm Profitability," CEPR Discussion Papers 6061, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
      Other versions:
    12. Jun-Koo Kang & Yong-Cheol Kim & Rene M. Stulz, 1996. "The Underreaction Hypothesis and the New Issue Puzzle: Evidence from Japan," NBER Working Papers 5819, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    13. Robin Greenwood & Samuel Hanson & Jeremy C. Stein, 2008. "A Gap-Filling Theory of Corporate Debt Maturity Choice," NBER Working Papers 14087, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    14. Robert S. Chirinko & Huntley Schaller, 2001. "Business Fixed Investment and "Bubbles": The Japanese Case," American Economic Review, American Economic Association, vol. 91(3), pages 663-680, June. [Downloadable!] (restricted)
      Other versions:
    15. Malcolm Baker & Jeremy C. Stein, 2002. "Market Liquidity as a Sentiment Indicator," NBER Working Papers 8816, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    16. Andrew Ang & Li Gu & Yael V. Hochberg, 2006. "Is IPO Underperformance a Peso Problem?," NBER Working Papers 12203, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    17. David Hirshleifer & SONYA SEONGYEON LIM & Siew Hong Teoh, 2004. "Disclosure to an Audience with Limited Attention," Game Theory and Information 0412002, EconWPA. [Downloadable!]
      Other versions:
    18. Beaver, William H. & McNichols, Maureen F. & Nelson, Karen K., 2000. "Do Firms Issuing Equity Manage their Earnings? Evidence from the Property-Casualty Insurance Industry," Research Papers 1605, Stanford University, Graduate School of Business. [Downloadable!]
    19. Dahlquist, Magnus & de Jong, Frank, 2004. "Pseudo Market Timing: Fact or Fiction?," SIFR Research Report Series 24, Institute for Financial Research. [Downloadable!]
    20. Marra, T. & Suijs, J., 2000. "Going-public and the influence of disclosure environments," Discussion Paper 15, Tilburg University, Center for Economic Research. [Downloadable!]
    21. Radha K. Shiwakoti & Robert Hudson & Helen Short, 2005. "A study of the initial returns and the aftermarket performance of initial public offerings of demutualized building societies in the UK," Applied Economics Letters, Taylor and Francis Journals, vol. 12(7), pages 403-409, June. [Downloadable!] (restricted)
    22. G. William Schwert, 2002. "Anomalies and Market Efficiency," NBER Working Papers 9277, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    23. Kathryn L. DeWenter & Paul H. Malatesta, 2001. "State-Owned and Privately Owned Firms: An Empirical Analysis of Profitability, Leverage, and Labor Intensity," American Economic Review, American Economic Association, vol. 91(1), pages 320-334, March. [Downloadable!] (restricted)
    24. Zhaoxia Xu, 2009. "The Impact of Market Timing on Canadian and U.S. Firms' Capital Structure," Working Papers 09-1, Bank of Canada. [Downloadable!]
    25. MING DONG & David Hirshleifer & SCOTT RICHARSON & Siew Hong Teoh, 2004. "Does Investor Misvaluation Drive the Takeover Market?," Finance 0412002, EconWPA. [Downloadable!]
      Other versions:
    26. Juan Carlos Gómez Sala & María Jesús Pastor, 2004. "Is The Market Over-Optimistic About The Prospects Of Firms That Issue Equity? Evidence For The Spanish Market," Working Papers. Serie EC 2004-06, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie). [Downloadable!]
    27. Chitru S. Fernando & Srinivasan Krishnamurthy & Paul A. Spindt, 2002. "Is the Offer Price in IPOs Informative? Underpricing, Ownership Structure, and Performance," Center for Financial Institutions Working Papers 01-33, Wharton School Center for Financial Institutions, University of Pennsylvania. [Downloadable!]
    28. Tijs Bie & Leo Haan, 2007. "Market Timing and Capital Structure: Evidence for Dutch Firms," De Economist, Springer, vol. 155(2), pages 183-206, June. [Downloadable!] (restricted)
    29. Belén Gill de Albornoz & Peter F. Pope, 2004. "The Determinants Of The Going Public Decision: Evidence From The U.K," Working Papers. Serie AD 2004-22, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie). [Downloadable!]
    30. Sung Bae & Hoje Jo, 2007. "Underwriter warrants, underwriter reputation, and growth signaling," Review of Quantitative Finance and Accounting, Springer, vol. 29(2), pages 129-154, August. [Downloadable!] (restricted)
    31. Yasushi Hamao & Frank Packer & Jay R. Ritter, 1998. "Institutional affiliation and the role of venture capital: evidence from initial public offerings in Japan," Staff Reports 52, Federal Reserve Bank of New York. [Downloadable!]
      Other versions:
    32. Raúl Iñiguez & Francisco Poveda, 2004. "Long-run abnormal returns and income smoothing in the Spanish stock market," European Accounting Review, Taylor and Francis Journals, vol. 13(1), pages 105-130, May. [Downloadable!] (restricted)
    33. Kyriacos Kyriacou, 2003. "The Impact of Risk on the Decision to Exercise an ESO," Public Policy Discussion Papers 03-18, Economics and Finance Section, School of Social Sciences, Brunel University. [Downloadable!]
    34. Cécile Carpentier & Jean-François L'Her & Stephan Smith & Jean-Marc Suret, 2007. "Risk, Timing and Overoptimism in Private Placements and Public Offerings," CIRANO Working Papers 2007s-27, CIRANO. [Downloadable!]
    35. Jean Helwege & Nellie Liang, 2003. "Initial public offerings in hot and cold markets," Finance and Economics Discussion Series 2003-04, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
    36. KENT D. DANIEL & David Hirshleifer & AVANIDHAR SUBRAHMANYAM, 2004. "A Theory of Overconfidence, Self-Attribution, and Security Market Under- and Over-reactions," Finance 0412006, EconWPA. [Downloadable!]
    37. Takehiko Isobe & Akitoshi Ito & Joseph Kairys, 1998. "Underpricing, Subsequent Equity Offerings, and the Long-Run Performance of Japanese IPOs," Asia-Pacific Financial Markets, Springer, vol. 5(3), pages 237-259, November. [Downloadable!] (restricted)
    38. Malcolm Baker & Jeffrey Wurgler, 2004. "Investor Sentiment and the Cross-Section of Stock Returns," NBER Working Papers 10449, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    39. Owen A. Lamont & Jeremy C. Stein, 2005. "Investor Sentiment and Corporate Finance: Micro and Macro," NBER Working Papers 11882, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    40. R. Doeswijk & H. Hemmes & R. Venekamp, 2006. "25 Years of Dutch Ipos: An Examination of Frequently Cited Ipo Anomalies Within Main Sectors and During Hot- and Cold-Issue Periods," De Economist, Springer, vol. 154(3), pages 405-427, September. [Downloadable!] (restricted)
    41. Eric J. Higgins & Joseph R. Mason, 2003. "What is the value of recourse to asset backed securities? A clinical study of credit card banks," Working Papers 03-6, Federal Reserve Bank of Philadelphia. [Downloadable!]
    42. Cristián Celis & Gustavo Maturana, 1998. "Initial Public Offerings In Chile," Abante, Escuela de Administracion. Pontificia Universidad Católica de Chile., vol. 1(1), pages 7-31. [Downloadable!]
    43. Mark Bayless & Kelly Price & Margaret Monroe Smoller, 2005. "Firm characteristics, market conditions, and the pattern of performance after seasoned equity offers," Applied Financial Economics, Taylor and Francis Journals, vol. 15(9), pages 611-622, June. [Downloadable!] (restricted)
    44. Owen Lamont, 2004. "Go Down Fighting: Short Sellers vs. Firms," NBER Working Papers 10659, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    45. Saurabh Ghosh, 2005. "The post-offering performance of IPOs in the Indian banking industry," Applied Economics Letters, Taylor and Francis Journals, vol. 12(2), pages 89-94, February. [Downloadable!] (restricted)
    46. María Jesús Pastor & Francisco Poveda, 2005. "Earnings Management As An Explanation Of The Equity Issue Puzzle," Working Papers. Serie AD 2005-04, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie). [Downloadable!]
    47. Anete Pajuste, 2005. "Determinants and consequences of the unification of dual-class shares," Working Paper Series 465, European Central Bank. [Downloadable!]
    48. Sarkissian, Sergei & Schill, Michael J., 2004. "Are There Permanent Valuation Gains to Overseas Listing? Evidence from Market Sequencing and Selection," Working Papers 05-4, University of Pennsylvania, Wharton School, Weiss Center. [Downloadable!]
    49. John H. Cochrane, 2002. "Stocks as Money: Convenience Yield and the Tech-Stock Bubble," NBER Working Papers 8987, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    50. Wang, Jun & Zhang, Ge, 2003. "Heterogeneous beliefs and employee stock options," Working Papers 2003-14, University of New Orleans, Department of Economics and Finance. [Downloadable!]
    51. Gozzi, Juan Carlos & Levine, Ross & Schmukler, Sergio L., 2008. "Patterns of international capital raisings," Policy Research Working Paper Series 4687, The World Bank. [Downloadable!]
      Other versions:
    52. Lily Qiu & Gerard Hoberg, 2006. "Growth to Value: A Difficult Journey for IPOs and Concentrated Industries," Working Papers 2005-17, Brown University, Department of Economics. [Downloadable!]
    53. Tijs de Bie & Leo de Haan, 2004. "Does market timing drive capital structures? A panel data study for Dutch firms," DNB Working Papers 016, Netherlands Central Bank, Research Department. [Downloadable!]
    54. Luca Benzoni & Carola Schenone, 2007. "Conflict of interest and certification in the U.S. IPO market," Working Paper Series WP-07-09, Federal Reserve Bank of Chicago. [Downloadable!]
    55. Woojin Kim & Michael S. Weisbach, 2005. "Motivations for Public Equity Offers: An International Perspective," NBER Working Papers 11797, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    56. David J. Brophy & Paige P. Ouimet & Clemens Sialm, 2004. "PIPE Dreams? The Performance of Companies Issuing Equity Privately," NBER Working Papers 11011, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    57. Owen A. Lamont & Jeremy C. Stein, 2006. "Investor Sentiment and Corporate Finance: Micro and Macro," American Economic Review, American Economic Association, vol. 96(2), pages 147-151, May. [Downloadable!]
    58. R. Stehle & O. Ehrhardt, . "Renditen bei B"orseneinf"uhrungen am deutschen Kapitalmarkt," Sonderforschungsbereich 373 1996-89, Humboldt Universitaet Berlin.
    59. Terrance Odean., 1996. "Volume, Volatility, Price and Profit When All Trader Are Above Average," Research Program in Finance Working Papers RPF-266, University of California at Berkeley. [Downloadable!]
    60. Eugene F. Fama & Kenneth R. French, . "Newly Listed Firms: Fundamentals, Survival Rates, and Returns," CRSP working papers 530, Center for Research in Security Prices, Graduate School of Business, University of Chicago. [Downloadable!]
    61. Owen A. Lamont, 2002. "Evaluating Value Weighting: Corporate Events and Market Timing," NBER Working Papers 9049, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    62. Frank Lin & Gerard Gannon, 2007. "Private Placement and Share Price Reaction: Evidence from the Australian Biotechnology and Health Care Sector," Accounting, Finance, Financial Planning and Insurance Series 2007_05, Deakin University, Faculty of Business and Law, School of Accounting, Economics and Finance. [Downloadable!]
    63. DeAngelo, Harry & DeAngelo, Linda & Stulz, Rene, 2007. "Fundamentals, Market Timing, and Seasoned Equity Offerings," Working Paper Series 2007-13, Ohio State University, Charles A. Dice Center for Research in Financial Economics. [Downloadable!]
    64. Hirshleifer, David & Hou, Kewei & Teoh, Siew Hong & Zhang, Yinglei, 2004. "Do Investors Overvalue Firms with Bloated Balance Sheets?," Working Paper Series 2004-18, Ohio State University, Charles A. Dice Center for Research in Financial Economics. [Downloadable!]
      Other versions:
    65. Hirshleifer, David & Lim, Sonya Seongyeon & Teoh, Siew Hong, 2006. "Driven to distraction: Extraneous events and underreaction to earnings news," MPRA Paper 3110, University Library of Munich, Germany, revised 16 Apr 2007. [Downloadable!]
      Other versions:
    66. Michael R. King & Dan Segal, 2006. "The Long-Term Effects of Cross-Listing Investor Recognition, and Ownership Structure on Valuation," Working Papers 06-44, Bank of Canada. [Downloadable!]
      Other versions:
    67. Otavio Ribeiro De Medeiros & Alberto Shigueru Matsumoto, 2004. "Market Reaction and Volatility in the Brazilian Stock Market," Finance 0412020, EconWPA. [Downloadable!]
    68. Jarrod Johnston & Jeff Madura, 2006. "Impact of managerial control on IPO performance: the case of mutual holding companies," Applied Financial Economics, Taylor and Francis Journals, vol. 16(8), pages 629-637, May. [Downloadable!] (restricted)
    69. Ilia D. Dichev, 2007. "What Are Stock Investors’ Actual Historical Returns? Evidence from Dollar-Weighted Returns," American Economic Review, American Economic Association, vol. 97(1), pages 386-401, March. [Downloadable!]
    70. Stavros Peristiani, 2003. "Evaluating the riskiness of initial public offerings: 1980-2000," Staff Reports 167, Federal Reserve Bank of New York. [Downloadable!]
    71. Matthew J. Higgins & Paula E. Stephan & Jerry G. Thursby, 2008. "Conveying Quality and Value in Emerging Industries: Star Scientists and the Role of Learning in Biotechnology," NBER Working Papers 14602, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    72. Gary Koop & Kai Li, 2004. "The valuation of IPO, SEO and post-Chapter 11 firms: A stochastic frontier approach," ESE Discussion Papers 13, Edinburgh School of Economics, University of Edinburgh. [Downloadable!]
    73. Andrea Frazzini & Owen A. Lamont, 2005. "Dumb Money: Mutual Fund Flows and the Cross-Section of Stock Returns," NBER Working Papers 11526, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    74. Maroney, Neal C. & Protopapadakis, Aris A., 1999. "The book-to-market and size effects in a general asset pricing model: evidence from seven national markets," Working Papers 1999-15, University of New Orleans, Department of Economics and Finance. [Downloadable!]
    75. Lily Qiu & Gerard Hoberg, 2005. "Future Industrial Organization and Stock Returns versus the Decision to Issue IPOs," Working Papers 2005-06, Brown University, Department of Economics. [Downloadable!]
    76. Zhang, Ge, 2004. "Market valuation and employee stock options," Working Papers 2003-13, University of New Orleans, Department of Economics and Finance. [Downloadable!]
    77. Cotei, Carmen & Farhat, Joseph Basheer & Mukherjee, Tarun K., 2004. "Informational externalities of going public decisions: evidence from industrial sector," Working Papers 2004-12, University of New Orleans, Department of Economics and Finance. [Downloadable!]
    78. Clark Wheatley & Robert Brown & George Johnson, 2005. "Line-of-Business Disclosures and Spin-Off Announcement Returns," Review of Quantitative Finance and Accounting, Springer, vol. 24(3), pages 277-293, May. [Downloadable!] (restricted)
    79. David Ikenberry & Josef Lakonishok & Theo Vermaelen, 1999. "Stock Repurchases in Canada: Performance and Strategic Trading," NBER Working Papers 7325, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    80. Harry DeAngelo & Linda DeAngelo & René M. Stulz, 2007. "Fundamentals, Market Timing, and Seasoned Equity Offerings," NBER Working Papers 13285, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    81. David Ikenberry & Josef Lakonishok & Theo Vermaelen, 1994. "Market Underreaction to Open Market Share Repurchases," NBER Working Papers 4965, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    82. Chen-Lung Chin & Picheng Lee & Gary Kleinman & Pei-Yu Chen, 2006. "IPO anomalies and innovation capital," Review of Quantitative Finance and Accounting, Springer, vol. 27(1), pages 67-91, August. [Downloadable!] (restricted)
    83. Maher Kooli & Jean-Marc Suret, 2001. "The Underpricing of Initial Public Offerings: Further Canadian Evidence," CIRANO Working Papers 2001s-50, CIRANO. [Downloadable!]
    84. Hirshleifer, David & Jiang, Danling, 2007. "Commonality in Misvaluation, Equity Financing, and the Cross Section of Stock Returns," MPRA Paper 16134, University Library of Munich, Germany, revised 08 Jul 2009. [Downloadable!]
    85. Leslie A. Jeng & Andrew Metrick & Richard Zeckhauser, . "Estimating the Returns to Insider Trading," Rodney L. White Center for Financial Research Working Papers 19-99, Wharton School Rodney L. White Center for Financial Research. [Downloadable!]
    86. Ljungqvist, Alexander P & Nanda, Vikram & Singh, Rajdeep, 2001. "Hot Markets, Investor Sentiment and IPO Pricing," CEPR Discussion Papers 3053, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
      Other versions:
    87. Richard J. Rosen, 2004. "Merger momentum and investor sentiment: the stock market reaction to merger announcements," Working Paper Series WP-04-07, Federal Reserve Bank of Chicago. [Downloadable!]
    88. Alon Brav & Christopher Geczy & Paul A. Gompers, . "Is the Abnormal Return Following Equity Issuances Anomalous?," Rodney L. White Center for Financial Research Working Papers 2-99, Wharton School Rodney L. White Center for Financial Research. [Downloadable!]
      Other versions:
    89. Dongmei Li & Lu Zhang, 2008. "Costly External Finance: Implications for Capital Markets Anomalies," NBER Working Papers 14342, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    90. Roger M. Shelor & Dwight C. Anderson, 1998. "The Financial Performance of REITs Following Initial Public Offerings," Journal of Real Estate Research, American Real Estate Society, vol. 16(3), pages 375-388. [Downloadable!]
    91. Augusto Castillo R., 2001. "Long-Run Performance Of Stock Returns Following Junk Bond Offerings," Abante, Escuela de Administracion. Pontificia Universidad Católica de Chile., vol. 4(1), pages 95-129. [Downloadable!]
    92. Juha-Pekka Kallunki & Henrik Nilsson & Janne Peltoniemi, 2009. "Regulated and unregulated insider trading around earnings announcements," European Journal of Law and Economics, Springer, vol. 27(3), pages 285-308, June. [Downloadable!] (restricted)
    93. Jakobsen, Jan & Sørensen, Ole, 1999. "Decomposing and testing Long-run Returns with an application to initial public offerings in Denmark," Working Papers 2000-2, Copenhagen Business School, Department of Finance. [Downloadable!]
    94. B. M. Burton & D. M. Power, 2003. "Evidence on the determinants of equity issue method in the UK," Applied Financial Economics, Taylor and Francis Journals, vol. 13(2), pages 145-157, January. [Downloadable!] (restricted)
    95. Maher Kooli & Jean-François L'Her & Jean-Marc Suret, 2003. "Do IPOs Underperform in the Long-Run? New Evidence from the Canadian Stock Market," CIRANO Working Papers 2003s-16, CIRANO. [Downloadable!]
    96. Guerdjikova, Ani, 2004. "Asset Prices in an Overlapping Generations Model with Case-Based Decision Makers with Short Memory," Sonderforschungsbereich 504 Publications 04-44, Sonderforschungsbereich 504, Universität Mannheim & Sonderforschungsbereich 504, University of Mannheim. [Downloadable!]
    97. Malcolm Baker & C. Fritz Foley & Jeffrey Wurgler, 2004. "The Stock Market and Investment: Evidence from FDI Flows," NBER Working Papers 10559, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    98. Miller, Edward M., 2000. "Long run underperformance of initial public offerings: an explanation," Working Papers 1999-18, University of New Orleans, Department of Economics and Finance. [Downloadable!]
    99. Sangkyun Park, 1998. "Why did thrift goodwill matter in 1989?," Staff Reports 51, Federal Reserve Bank of New York. [Downloadable!]
    100. Chang, Xin & Dasgupta, Sudipto & Hilary, Gilles, 2005. "The Effect of Auditor Choice on Financing Decisions," CEI Working Paper Series 2005-10, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University. [Downloadable!]
    101. Eckbo, B Espen & Norli, Øyvind, 2005. "Liquidity Risk, Leverage and Long-Run IPO Returns," CEPR Discussion Papers 4832, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
      Other versions:
    102. Kyriacos Kyriacou & Bryan Mase, 2003. "The Information Contained In The Exercise Of Executive Stock Options," Economics and Finance Discussion Papers 03-17, Economics and Finance Section, School of Social Sciences, Brunel University. [Downloadable!]
    103. Maria Borges, 2007. "Underpricing of Initial Public Offerings: The Case of Portugal," International Advances in Economic Research, Springer, vol. 13(1), pages 65-80, February. [Downloadable!] (restricted)
    104. Otavio De Medeiros & Carmem Tiberio, 2005. "Factors Influencing Brazilian Firms in their Decision to List on Foreign Stock Exchanges," Finance 0503017, EconWPA. [Downloadable!]
    105. Jandik, Tomas & Makhija, Anil K., 2004. "Debt, Debt Structure and Corporate Performance after Unsuccessful Takeovers: Evidence from Targets that Remain Independent," Working Paper Series 2005-6, Ohio State University, Charles A. Dice Center for Research in Financial Economics. [Downloadable!]
    106. Josef Lakonishok & Inmoo Lee, 1998. "Are Insiders' Trades Informative?," NBER Working Papers 6656, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    107. Maher Kooli & Jean-Marc Suret, 2001. "The Aftermarket Performance of Initial Public Offerings in Canada," CIRANO Working Papers 2001s-52, CIRANO. [Downloadable!]
    108. Leslie A. Jeng & Andrew Metrick & Richard Zeckhauser, 1999. "The Profits to Insider Trading: A Performance-Evaluation Perspective," NBER Working Papers 6913, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    109. Malcolm Baker & Jeremy C. Stein & Jeffrey Wurgler, 2002. "When Does the Market Matter? Stock Prices and the Investment of Equity-Dependent Firms," NBER Working Papers 8750, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    110. Jarrod Johnston & Jeff Madura & Joel Harper, 2005. "Interaction Between Short Selling and Potential Insider Selling in the IPO Aftermarket," Journal of Financial Services Research, Springer, vol. 27(3), pages 283-302, September. [Downloadable!] (restricted)
    111. Erica X. N. Li & Dmitry Livdan & Lu Zhang, 2006. "Optimal Market Timing," NBER Working Papers 12014, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    112. Wolfgang Aussenegg, 1999. "Going Public in Poland: Case-by-Case Privatizations, Mass Privatization and Private Sector Initial Public Offerings," William Davidson Institute Working Papers Series 292, William Davidson Institute at the University of Michigan Stephen M. Ross Business School. [Downloadable!]
    113. Jan Bo Jakobsen & Torben Voetmann, 2003. "Post-acquisition performance in the short and long run. Evidence from the Copenhagen Stock Exchange 1993-1997," European Journal of Finance, Taylor and Francis Journals, vol. 9(4), pages 323-342, August. [Downloadable!] (restricted)
      Other versions:
    114. William R. Nelson, 1999. "The aggregate change in shares and the level of stock prices," Finance and Economics Discussion Series 1999-08, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
    115. Sheridan Titman & K.C. John Wei & Feixue Xie, 2003. "Capital Investments and Stock Returns," NBER Working Papers 9951, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    116. Robert E. Wright, 2002. "Reforming the US IPO market: lessons from history and theory," Accounting, Business and Financial History, Taylor and Francis Journals, vol. 12(3), pages 419-437, November. [Downloadable!] (restricted)
    117. Kothari, S.P. & Loutskina, Elena & Nikolaev, Valeri, 2006. "Agency theory of overvalued equity as an explanation for the accrual anomaly," Discussion Paper 103, Tilburg University, Center for Economic Research. [Downloadable!]
    118. Marion Hutchinson, 2001. "A Contracting-Agency Analysis of the Association between Firm Risk, Incentives and Firm Performance: An Australian Perspective," Accounting, Finance, Financial Planning and Insurance Series 2001_05, Deakin University, Faculty of Business and Law, School of Accounting, Economics and Finance. [Downloadable!]
    119. Brian J. Henderson & Narasimhan Jegadeesh & Michael S. Weisbach, 2004. "World Markets for Raising New Capital," NBER Working Papers 10225, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    120. Narasimhan Jegadeesh & Sheridan Titman, 1999. "Profitability of Momentum Strategies: An Evaluation of Alternative Explanations," NBER Working Papers 7159, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    121. Berkman, Henk & Cole, Rebel & Fu , Lawrence, 2007. "Improving corporate governance where the State is the controlling block holder: Evidence from China," MPRA Paper 8088, University Library of Munich, Germany. [Downloadable!]
    122. Hirshleifer, David & Lim, Sonya S. & Teoh, Siew Hong, 2004. "Disclosure to a Credulous Audience: The Role of Limited Attention," MPRA Paper 5198, University Library of Munich, Germany. [Downloadable!]
    123. Dong, Ming & Hirshleifer, David & Teoh, Siew Hong, 2007. "Stock market misvaluation and corporate investment," MPRA Paper 3109, University Library of Munich, Germany, revised 05 May 2007. [Downloadable!]
    124. Pástor, Luboš & Veronesi, Pietro, 2003. "Stock Prices and IPO Waves," CEPR Discussion Papers 4002, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
      Other versions:
    125. Cécile Carpentier & Jean-François L'Her & Jean-Marc Suret, 2004. "Le placement privé dans les sociétés ouvertes : dimensions réglementaires, économiques et financières," CIRANO Working Papers 2004s-46, CIRANO. [Downloadable!]
    126. Assem Safieddine & Sheridan Titman, 1997. "Debt and Corporate Performance: Evidence from Unsuccessful Takeovers," NBER Working Papers 6068, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    127. Harrison Hong & Jeremy C. Stein, 1997. "A Unified Theory of Underreaction, Momentum Trading and Overreaction in Asset Markets," NBER Working Papers 6324, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    128. Chee Lim & Tiong Thong & David Ding, 2008. "Firm diversification and earnings management: evidence from seasoned equity offerings," Review of Quantitative Finance and Accounting, Springer, vol. 30(1), pages 69-92, January. [Downloadable!] (restricted)
    129. Marco Pagano & Fabio Panetta & Luigi Zingales, 1995. "Why Do Companies Go Public? An Empirical Analysis," NBER Working Papers 5367, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    130. O. Erhardt & R. Koerstein, . "Die Simulation langfristiger Überrenditen," Sonderforschungsbereich 373 1999-56, Humboldt Universitaet Berlin.
    131. Xiaoqiong Cai & Guy Liu & Bryan Mase, 2008. "The long-run performance of initial public offerings and its determinants: the case of China," Review of Quantitative Finance and Accounting, Springer, vol. 30(4), pages 419-432, May. [Downloadable!] (restricted)
    132. José Emilio Farinós, 2001. "Rendimientos anormales de las OPV en España," Investigaciones Economicas, Fundación SEPI, vol. 25(2), pages 417-437, May. [Downloadable!]
    133. Terrance Odean, 1999. "Do Investors Trade Too Much?," American Economic Review, American Economic Association, vol. 89(5), pages 1279-1298, December. [Downloadable!] (restricted)
    134. YiLin Wu & Lee Cheng-Few, 2008. "Specification analysis of corporate equity financing decision: a conditional residual approach," Review of Quantitative Finance and Accounting, Springer, vol. 31(4), pages 395-423, November. [Downloadable!] (restricted)
    135. Sanjai Bhagat & Roberta Romano, . "Event Studies and the Law--Part I: Technique and Corporate Litigation," Yale Law School John M. Olin Center for Studies in Law, Economics, and Public Policy Working Paper Series yale_lepp-1021, Yale Law School John M. Olin Center for Studies in Law, Economics, and Public Policy. [Downloadable!]
    136. Evgeny Lyandres & Le Sun & Lu Zhang, 2005. "Investment-Based Underperformance Following Seasoned Equity Offerings," NBER Working Papers 11459, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    137. Kabir, R. & Roosenboom, P.G.J., 2002. "Can the stock market anticipate future operating performance? Evidence from equity rights issues," Research Paper ERS-2002-102-F&A Revision, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus Uni. [Downloadable!]
    138. Kyriacos Kyriacou & Bryan Mase, 2003. "The Information Contained In The Exercise Of Executive Stock Options," Public Policy Discussion Papers 03-17, Economics and Finance Section, School of Social Sciences, Brunel University. [Downloadable!]
    139. Paul A. Gompers & Josh Lerner, 2001. "The Really Long-Run Performance of Initial Public Offerings: The Pre-NASDAQ Evidence," NBER Working Papers 8505, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    140. Bossaerts, Peter & Hillion, Pierre, 1997. "IPO Post-Issue Markets: Questionable Predilections But Diligent Learners?," Working Papers 1014, California Institute of Technology, Division of the Humanities and Social Sciences. [Downloadable!]
      Other versions:
    141. James M. Sfiridis & Alan E. Gelfand, 2002. "A survey of sampling-based Bayesian analysis of financial data," Applied Mathematical Finance, Taylor and Francis Journals, vol. 9(4), pages 273-291, December. [Downloadable!] (restricted)
    142. Wai-yan Cheng & Yan-leung Cheung & Yuen-ching Tse, 2005. "The Impact on IPO Performance of More Stringent Listing Rules with a Pre-listing Earnings Requirement: Evidence from Hong Kong," Working Papers 172005, Hong Kong Institute for Monetary Research. [Downloadable!]

  20. Loughran, Tim & Ritter, Jay R. & Rydqvist, Kristian, 1994. "Initial public offerings: International insights," Pacific-Basin Finance Journal, Elsevier, vol. 2(2-3), pages 165-199, May. [Downloadable!] (restricted)
    Published as:

    Cited by:

    1. Johann Burgstaller, 2009. "When and why do Austrian companies issue shares?," Empirica, Springer, vol. 36(3), pages 229-244, August. [Downloadable!] (restricted)
    2. Ping Zhang, 2005. "Uniform Price Auction and Fixed Price Offerings in IPO: An Experimental Comparison," Discussion Papers 2005-20, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham. [Downloadable!]
    3. Dahlquist, Magnus & de Jong, Frank, 2004. "Pseudo Market Timing: Fact or Fiction?," SIFR Research Report Series 24, Institute for Financial Research. [Downloadable!]
    4. Radha K. Shiwakoti & Robert Hudson & Helen Short, 2005. "A study of the initial returns and the aftermarket performance of initial public offerings of demutualized building societies in the UK," Applied Economics Letters, Taylor and Francis Journals, vol. 12(7), pages 403-409, June. [Downloadable!] (restricted)
    5. L. Cassia & G. Giudici & S. Paleari & R. Redondi, 2004. "IPO underpricing in Italy," Applied Financial Economics, Taylor and Francis Journals, vol. 14(3), pages 179-194, February. [Downloadable!] (restricted)
    6. Lombardo, Davide & Pagano, Marco, 1999. "Legal Determinants of the Return on Equity," CEPR Discussion Papers 2275, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
      Other versions:
    7. Zhaoxia Xu, 2009. "The Impact of Market Timing on Canadian and U.S. Firms' Capital Structure," Working Papers 09-1, Bank of Canada. [Downloadable!]
    8. Ravi Jagannathan & Ann E. Sherman, 2006. "Why Do IPO Auctions Fail?," NBER Working Papers 12151, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    9. Guray Kucukkocaoglu, 2007. "Underpricing in Turkey: Comparison of the IPO Methods," Money Macro and Finance (MMF) Research Group Conference 2006 8, Money Macro and Finance Research Group. [Downloadable!]
    10. Ping Zhang, 2006. "Uniform price auctions and fixed price offerings in IPOs: an experimental comparison," Discussion Papers 2006-05, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham. [Downloadable!]
    11. Franklin Allen & James McAndrews & Philip Strahan, 2001. "E-Finance: An Introduction," Center for Financial Institutions Working Papers 01-36, Wharton School Center for Financial Institutions, University of Pennsylvania. [Downloadable!]
      Other versions:
    12. Yasushi Hamao & Frank Packer & Jay R. Ritter, 1998. "Institutional affiliation and the role of venture capital: evidence from initial public offerings in Japan," Staff Reports 52, Federal Reserve Bank of New York. [Downloadable!]
      Other versions:
    13. François Degeorge & François Derrien & Kent L. Womack, 2004. "Quid Pro Quo in IPOs: Why Book-building is Dominating Auctions," Working Papers 2004.150, Fondazione Eni Enrico Mattei. [Downloadable!]
      Other versions:
    14. Marco Rummer & Andreas Oehler & Peter N. Smith, 2004. "IPO Pricing and the Relative Importance of Investor Sentiment: Evidence from Germany," Money Macro and Finance (MMF) Research Group Conference 2004 62, Money Macro and Finance Research Group. [Downloadable!]
    15. Ellingsen, Tore & Rydqvist, Kristian, 1997. "The Stock Market as a Screening Device and the Decision to Go Public," Working Paper Series in Economics and Finance 174, Stockholm School of Economics. [Downloadable!]
    16. Johann Burgstaller, 2005. "When and why do Austrian companies issue shares?," Economics working papers 2005-03, Department of Economics, Johannes Kepler University Linz, Austria. [Downloadable!]
    17. Jean Helwege & Nellie Liang, 2003. "Initial public offerings in hot and cold markets," Finance and Economics Discussion Series 2003-04, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
    18. Claessens, Stijn & Klapper, Leora F., 2002. "Bankruptcy around the World: Explanations of its Relative Use," CEI Working Paper Series 2002-17, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University. [Downloadable!]
      Other versions:
    19. Kenji Kutsuna & Richard L. Smith, . "Issue Cost and Method of IPO Underwriting: Japan's Change from Auction Method Pricing to Book Building," Claremont Colleges Working Papers 2000-35, Claremont Colleges. [Downloadable!]
    20. Takehiko Isobe & Akitoshi Ito & Joseph Kairys, 1998. "Underpricing, Subsequent Equity Offerings, and the Long-Run Performance of Japanese IPOs," Asia-Pacific Financial Markets, Springer, vol. 5(3), pages 237-259, November. [Downloadable!] (restricted)
    21. Ping Zhang, 2008. "Uniform Price Auctions and Fixed Price Offerings in IPOs: An Experimental Comparison," Discussion Papers 2008-05, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham. [Downloadable!]
    22. Othman Yong & Zaidi Isa, 2003. "Initial performance of new issues of shares in Malaysia," Applied Economics, Taylor and Francis Journals, vol. 35(8), pages 919-930, January. [Downloadable!] (restricted)
    23. Cristián Celis & Gustavo Maturana, 1998. "Initial Public Offerings In Chile," Abante, Escuela de Administracion. Pontificia Universidad Católica de Chile., vol. 1(1), pages 7-31. [Downloadable!]
    24. Su H. Chan & Mark H. Stohs & Ko Wang, 2001. "Are Real Estate IPOs a Different Species? Evidence from Hong Kong IPOs," Journal of Real Estate Research, American Real Estate Society, vol. 21(3), pages 337-356. [Downloadable!]
    25. Ping Zhang, 2009. "Uniform price auctions and fixed price offerings in IPOs: an experimental comparison," Experimental Economics, Springer, vol. 12(2), pages 202-219, June. [Downloadable!] (restricted)
    26. Hoa Nguyen & William Dimovski & Robert Brooks, 2007. "Underpricing, Risk Management, Hot Issue and Crowding out Effects: Evidence from the Australian Resources Sector Initital Public Offerings," Accounting, Finance, Financial Planning and Insurance Series 2007_17, Deakin University, Faculty of Business and Law, School of Accounting, Economics and Finance. [Downloadable!]
    27. Sarkissian, Sergei & Schill, Michael J., 2004. "Are There Permanent Valuation Gains to Overseas Listing? Evidence from Market Sequencing and Selection," Working Papers 05-4, University of Pennsylvania, Wharton School, Weiss Center. [Downloadable!]
    28. Qi Huang & Richard M. Levich, 1999. "Underpricing of New Equity Offerings by Privatized Firms: An International Test," New York University, Leonard N. Stern School Finance Department Working Paper Seires 99-075, New York University, Leonard N. Stern School of Business-. [Downloadable!]
    29. Berglund, T., 1994. "The Pricing of Initial Public Offerings : A Simple Model," Research Memorandum 673, Tilburg University, Faculty of Economics and Business Administration. [Downloadable!]
    30. Vicente Pons-Sanz, 2005. "Who benefits from IPO underpricing? Evidence form hybrid bookbuilding offerings," Working Paper Series 428, European Central Bank. [Downloadable!]
    31. Alexander Ljungqvist & Tim Jenkinson & William Wilhelm, 2001. "Global Integration in Primary Equity Markets: The Role of U.S. Banks and U.S. Investors," OFRC Working Papers Series 2001fe06, Oxford Financial Research Centre. [Downloadable!]
      Other versions:
    32. William Dimovski & Robert Brooks, 2003. "Financial characteristics of Australian initial public offerings from 1994 to 1999," Applied Economics, Taylor and Francis Journals, vol. 35(14), pages 1599-1607, September. [Downloadable!] (restricted)
    33. R. Stehle & O. Ehrhardt, . "Renditen bei B"orseneinf"uhrungen am deutschen Kapitalmarkt," Sonderforschungsbereich 373 1996-89, Humboldt Universitaet Berlin.
    34. Cornelli, Francesca & Goldreich, David, 1999. "Bookbuilding and Strategic Allocation," CEPR Discussion Papers 2160, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    35. Lubos Pastor & Pietro Veronesi, 2003. "Stock Prices and IPO Waves," NBER Working Papers 9858, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    36. Fei Jiang & Lawrence Leger, 2009. "The Impact on IPO Performance of Reforming IPO Allocation Regulations: An Event Study of Shanghai Stock Exchange A-Shares," Discussion Paper Series 2009_04, Department of Economics, Loughborough University, revised Feb 2009. [Downloadable!]
    37. Eli Ofek & Matthew Richardson, 2001. "DotCom Mania: The Rise and Fall of Internet Stock Prices," NBER Working Papers 8630, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    38. Guillermo Yañez & Carlos Maquieira, 2009. "Rendimiento de Ofertas Públicas Iniciales de Acciones en Chile: Evidencia Empírica entre 1994 y 2007," Serie de Documentos de Trabajo 2, Superintendencia de Valores y Seguros, División de Estudios y Desarrollo de Mercados. [Downloadable!]
    39. Chen-Lung Chin & Picheng Lee & Gary Kleinman & Pei-Yu Chen, 2006. "IPO anomalies and innovation capital," Review of Quantitative Finance and Accounting, Springer, vol. 27(1), pages 67-91, August. [Downloadable!] (restricted)
    40. Maher Kooli & Jean-Marc Suret, 2001. "The Underpricing of Initial Public Offerings: Further Canadian Evidence," CIRANO Working Papers 2001s-50, CIRANO. [Downloadable!]
    41. Hirshleifer, David & Jiang, Danling, 2007. "Commonality in Misvaluation, Equity Financing, and the Cross Section of Stock Returns," MPRA Paper 16134, University Library of Munich, Germany, revised 08 Jul 2009. [Downloadable!]
    42. Abdullah Al-Hassan & Mohammed Omran & Fernando-Luciano Delgado-Fernández, 2007. "IPO Behavior in GCC Countries: Goody-Two Shoes or Bad-to-the-Bone?," IMF Working Papers 07/149, International Monetary Fund. [Downloadable!]
    43. Ljungqvist, Alexander P & Nanda, Vikram & Singh, Rajdeep, 2001. "Hot Markets, Investor Sentiment and IPO Pricing," CEPR Discussion Papers 3053, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
      Other versions:
    44. Richard J. Rosen, 2004. "Merger momentum and investor sentiment: the stock market reaction to merger announcements," Working Paper Series WP-04-07, Federal Reserve Bank of Chicago. [Downloadable!]
    45. Christian Hopp & Axel Dreher, 2007. "Do Differences in Institutional and Legal Environments Explain Cross-Country Variations in IPO Underpricing?," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
      Other versions:
    46. Jakobsen, Jan & Sørensen, Ole, 1999. "Decomposing and testing Long-run Returns with an application to initial public offerings in Denmark," Working Papers 2000-2, Copenhagen Business School, Department of Finance. [Downloadable!]
    47. Maher Kooli & Jean-François L'Her & Jean-Marc Suret, 2003. "Do IPOs Underperform in the Long-Run? New Evidence from the Canadian Stock Market," CIRANO Working Papers 2003s-16, CIRANO. [Downloadable!]
    48. Géraldine Broye & Alain Schatt, 2003. "Sous-évaluation à l'introduction et cessions d'actions par les actionnaires d'origine:le cas français," Revue Finance Contrôle Stratégie, Editions Economica, vol. 6(2), pages 67-89, June. [Downloadable!]
    49. Malcolm Baker & C. Fritz Foley & Jeffrey Wurgler, 2004. "The Stock Market and Investment: Evidence from FDI Flows," NBER Working Papers 10559, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    50. Ann E. Sherman & Sheridan Titman, 2000. "Building the IPO Order Book: Underpricing and Participation Limits With Costly Information," NBER Working Papers 7786, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    51. William Dimovski & Christopher Kelly, 2004. "The Importance of Audit Committees in Initial Public Offerings," Accounting, Finance, Financial Planning and Insurance Series 2004_13, Deakin University, Faculty of Business and Law, School of Accounting, Economics and Finance. [Downloadable!]
    52. Maria Borges, 2007. "Underpricing of Initial Public Offerings: The Case of Portugal," International Advances in Economic Research, Springer, vol. 13(1), pages 65-80, February. [Downloadable!] (restricted)
    53. Maher Kooli & Jean-Marc Suret, 2001. "The Aftermarket Performance of Initial Public Offerings in Canada," CIRANO Working Papers 2001s-52, CIRANO. [Downloadable!]
    54. Mayur, Manas & Kumar, Manoj, 2006. "An Empirical Investigation of Going Public Decision of Indian Companies," MPRA Paper 1801, University Library of Munich, Germany. [Downloadable!]
    55. Reena Aggarwal & Nagpurnanand R. Prabhala & Manju Puri, 2002. "Institutional Allocation In Initial Public Offerings: Empirical Evidence," NBER Working Papers 9070, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    56. William Dimovski & Robert Brooks, 2006. "The Pricing of Property Trust IPOs in Australia," The Journal of Real Estate Finance and Economics, Springer, vol. 32(2), pages 185-199, March. [Downloadable!] (restricted)
    57. Fan, Joseph P.H. & Wong, T.J. & Zhang, Tianyu, 2006. "The Emergence of Corporate Pyramids in China," CEI Working Paper Series 2005-16, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University. [Downloadable!]
    58. Wolfgang Aussenegg, 1999. "Going Public in Poland: Case-by-Case Privatizations, Mass Privatization and Private Sector Initial Public Offerings," William Davidson Institute Working Papers Series 292, William Davidson Institute at the University of Michigan Stephen M. Ross Business School. [Downloadable!]
    59. Goergen, M. & Renneboog, L.D.R., 2003. "Insider retention and long-run performance in German and UK IPO's," Discussion Paper 16, Tilburg University, Tilburg Law and Economic Center. [Downloadable!]
    60. Marco Pagano & Fabio Panetta & Luigi Zingales, 1995. "Why Do Companies Go Public? An Empirical Analysis," NBER Working Papers 5367, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    61. José Emilio Farinós, 2001. "Rendimientos anormales de las OPV en España," Investigaciones Economicas, Fundación SEPI, vol. 25(2), pages 417-437, May. [Downloadable!]
    62. Fan, Joseph P.H. & Wongb, T.J. & Zhang, Tianyu, 2006. "The Emergence of Corporate Pyramids in China," CEI Working Paper Series 2006-3, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University. [Downloadable!]
    63. Ben Sopranzetti & Emilio Venezian & Xiaoli Wang, 2006. "The Market for New Issues: Impact of Offering Price on Price Support and Underpricing," Review of Quantitative Finance and Accounting, Springer, vol. 26(2), pages 165-176, March. [Downloadable!] (restricted)
    64. Pandey Ajay & Kumar G. Arun, 2001. "Relative Effectiveness of Signals in IPOs in Indian Capital Markets," IIMA Working Papers 2001-09-03, Indian Institute of Management Ahmedabad, Research and Publication Department. [Downloadable!]
    65. Wai-yan Cheng & Yan-leung Cheung & Yuen-ching Tse, 2005. "The Impact on IPO Performance of More Stringent Listing Rules with a Pre-listing Earnings Requirement: Evidence from Hong Kong," Working Papers 172005, Hong Kong Institute for Monetary Research. [Downloadable!]

  21. Roger G. Ibbotson & Jody L. Sindelar & Jay R Ritter, 1994. "The Market'S Problems With The Pricing Of Initial Public Offerings," Journal of Applied Corporate Finance, Morgan Stanley, vol. 7(1), pages 66-74. [Downloadable!] (restricted)

    Cited by:

    1. Dahlquist, Magnus & de Jong, Frank, 2004. "Pseudo Market Timing: Fact or Fiction?," SIFR Research Report Series 24, Institute for Financial Research. [Downloadable!]
    2. Malcolm Baker & Jeffrey Wurgler, 2004. "Investor Sentiment and the Cross-Section of Stock Returns," NBER Working Papers 10449, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    3. Mike Cudd & Marcelo Eduardo & Lloyd Roberts, 2008. "Short-cuts in issuance decisions and subsequent small firm performance," Journal of Economics and Finance, Springer, vol. 32(3), pages 260-270, July. [Downloadable!] (restricted)
    4. Qi Huang & Richard M. Levich, 1999. "Underpricing of New Equity Offerings by Privatized Firms: An International Test," New York University, Leonard N. Stern School Finance Department Working Paper Seires 99-075, New York University, Leonard N. Stern School of Business-. [Downloadable!]
    5. William Dimovski & Robert Brooks, 2003. "Financial characteristics of Australian initial public offerings from 1994 to 1999," Applied Economics, Taylor and Francis Journals, vol. 35(14), pages 1599-1607, September. [Downloadable!] (restricted)
    6. Cornelli, Francesca & Goldreich, David, 2001. "Bookbuilding: How Informative is the Order Book?," CEPR Discussion Papers 2863, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    7. Maher Kooli & Jean-Marc Suret, 2001. "The Underpricing of Initial Public Offerings: Further Canadian Evidence," CIRANO Working Papers 2001s-50, CIRANO. [Downloadable!]
    8. Michelle Lowry & Micah S. Officer & G. William Schwert, 2006. "The Variability of IPO Initial Returns," NBER Working Papers 12295, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    9. Fohlin, Caroline, 2000. "IPO Underpricing in Two Universes: Berlin, 1882-1892, and New York, 1998-2000," Working Papers 1088, California Institute of Technology, Division of the Humanities and Social Sciences. [Downloadable!]
    10. Alan Hughes & Jaeho Lee, 2006. "What's in a name and when does it matter? The hot and cold market impacts on underpricing of certification, reputation and conflicts of interest in venture capital backed Korean IPOs," ESRC Centre for Business Research - Working Papers wp336, ESRC Centre for Business Research. [Downloadable!]
    11. Gueorgui I. Kolev, 2008. "Forecasting aggregate stock returns using the number of initial public offerings as a predictor," Economics Bulletin, Economics Bulletin, vol. 7(13), pages 1-8. [Downloadable!]
    12. William Dimovski & Robert Brooks, 2006. "The Pricing of Property Trust IPOs in Australia," The Journal of Real Estate Finance and Economics, Springer, vol. 32(2), pages 185-199, March. [Downloadable!] (restricted)
    13. Bart Hobijn & Boyan Jovanovic, 2001. "The Information-Technology Revolution and the Stock Market: Evidence," American Economic Review, American Economic Association, vol. 91(5), pages 1203-1220, December. [Downloadable!] (restricted)
      Other versions:
    14. Michelle Lowry & G. William Schwert, 2000. "IPO Market Cycles: Bubbles or Sequential Learning?," NBER Working Papers 7935, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:

  22. Chopra, Navin & Lakonishok, Josef & Ritter, Jay R., 1992. "Measuring abnormal performance : Do stocks overreact?," Journal of Financial Economics, Elsevier, vol. 31(2), pages 235-268, April. [Downloadable!] (restricted)

    Cited by:

    1. Kiseok Nam & Sei-Wan Kim & Augustine. Arize, 2006. "Mean Reversion of Short-Horizon Stock Returns: Asymmetry Property," Review of Quantitative Finance and Accounting, Springer, vol. 26(2), pages 137-163, March. [Downloadable!] (restricted)
    2. Lo, Andrew W. (Andrew Wen-Chuan) & MacKinlay, Archie Craig, 1955-, 1992. "Maximizing predictability in the stock and bond markets," Working papers 3450-92., Massachusetts Institute of Technology (MIT), Sloan School of Management. [Downloadable!]
      Other versions:
    3. Yangru Wu, 2004. "Momentum Trading, Mean Reveral and Overration in Chinese Stock Market," Working Papers 232004, Hong Kong Institute for Monetary Research. [Downloadable!]
    4. Peter Antunovich & David S. Laster, 1999. "Do investors mistake a good company for a good investment?," Staff Reports 60, Federal Reserve Bank of New York. [Downloadable!]
    5. Josef Lakonishok & Inmoo Lee & Allen M. Poteshman, 2004. "Investor Behavior in the Option Market," NBER Working Papers 10264, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    6. Brooks, C. & Henry, O.T., 2000. "The Impact of News on Measures of Undiversifiable Risk: Evidence from the UK Stock Market," Department of Economics - Working Papers Series 733, The University of Melbourne. [Downloadable!]
      Other versions:
    7. Louis K. C. Chan & Narasimhan Jegadeesh & Josef Lakonishok, 1995. "Momentum Strategies," NBER Working Papers 5375, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    8. KENT D. DANIEL & David Hirshleifer & AVANIDHAR SUBRAHMANYAM, 2004. "A Theory of Overconfidence, Self-Attribution, and Security Market Under- and Over-reactions," Finance 0412006, EconWPA. [Downloadable!]
    9. Bradford Cornell & Simon Cheng, 1995. "Using the DCF Approach to Analyze Cross- sectional Variation in Expected Returns," University of California at Los Angeles, Anderson Graduate School of Management 1139, Anderson Graduate School of Management, UCLA. [Downloadable!]
    10. Takehiko Isobe & Akitoshi Ito & Joseph Kairys, 1998. "Underpricing, Subsequent Equity Offerings, and the Long-Run Performance of Japanese IPOs," Asia-Pacific Financial Markets, Springer, vol. 5(3), pages 237-259, November. [Downloadable!] (restricted)
    11. Louis K. C. Chan & Jason Karceski & Josef Lakonishok, 1997. "The Risk and Return from Factors," NBER Working Papers 6098, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    12. Oliver Schnusenberg, 2006. "The stock market behaviour prior and subsequent to new highs," Applied Financial Economics, Taylor and Francis Journals, vol. 16(6), pages 429-438, March. [Downloadable!] (restricted)
    13. Patricio Arrau & Rómulo Chumacero, 1998. "Tamaño de los Fondos de Pensiones en Chile y su Desempeño Financiero," Cuadernos de Economía (Latin American Journal of Economics), Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 35(105), pages 205-236. [Downloadable!]
    14. Bernhard Eckwert & Burkhard Drees, 2005. "Asset Mispricing Due to Cognitive Dissonance," IMF Working Papers 05/9, International Monetary Fund. [Downloadable!]
    15. Roni Michaely & Richard H. Thaler & Kent Womack, 1994. "Price Reactions to Dividend Initiations and Omissions: Overreaction or Drift?," NBER Working Papers 4778, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    16. Dimitris Kenourgios & Nikolaos Pavlidis, 2005. "Individual Analysts’ Earnings Forecasts: Evidence for Overreaction in the UK Stock Market," Finance 0512011, EconWPA. [Downloadable!]
    17. Louis K.C. Chan & Hsiu-Lang Chen & Josef Lakonishok, 1999. "On Mutual Fund Investment Styles," NBER Working Papers 7215, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    18. Wang, Daxue, 2008. "Are anomalies still anomalous? An examination of momentum strategies in four financial markets," IESE Research Papers D/775, IESE Business School. [Downloadable!]
    19. Gabriel Hawawini & Donald B. Keim, . "The Cross Section of Common Stock Returns: A Review of the Evidence and Some New Findings," Rodney L. White Center for Financial Research Working Papers 08-99, Wharton School Rodney L. White Center for Financial Research. [Downloadable!]
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    20. David Ikenberry & Josef Lakonishok & Theo Vermaelen, 1994. "Market Underreaction to Open Market Share Repurchases," NBER Working Papers 4965, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    21. Yvonne Löffler & Ralf Elsas, 2001. "Equity Carve-Outs and Corporate Control in Germany," Working Paper Series: Finance and Accounting 86, Department of Finance, Goethe University Frankfurt am Main. [Downloadable!]
    22. Rafael La Porta & Josef Lakonishok & Andrei Shleifer & Robert Vishny, 1995. "Good News for Value Stocks: Further Evidence on Market Efficiency," NBER Working Papers 5311, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    23. Nicholas Barberis & Andrei Shleifer & Robert W. Vishny, 1997. "A Model of Investor Sentiment," NBER Working Papers 5926, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    24. Guerdjikova, Ani, 2004. "Asset Prices in an Overlapping Generations Model with Case-Based Decision Makers with Short Memory," Sonderforschungsbereich 504 Publications 04-44, Sonderforschungsbereich 504, Universität Mannheim & Sonderforschungsbereich 504, University of Mannheim. [Downloadable!]
    25. Yannick Malevergne & Pedro Santa-Clara & Didier Sornette, 2009. "Professor Zipf goes to Wall Street," NBER Working Papers 15295, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    26. Kent Daniel & Sheridan Titman, 2003. "Market Reactions to Tangible and Intangible Information," NBER Working Papers 9743, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    27. Josef Lakonishok & Inmoo Lee, 1998. "Are Insiders' Trades Informative?," NBER Working Papers 6656, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    28. Carlos Alves & Victor Mendes, 2001. "Corporate Governance Policy and Company Performance: The Case of Portugal," FEP Working Papers 112, Universidade do Porto, Faculdade de Economia do Porto. [Downloadable!]
    29. Jean-François Gajewski, Bertrand P. Quéré, 2001. "The information content of earnings and turnover announcements in France," European Accounting Review, Taylor and Francis Journals, vol. 10(4), pages 679-704, December. [Downloadable!] (restricted)
    30. Sheridan Titman & K.C. John Wei & Feixue Xie, 2003. "Capital Investments and Stock Returns," NBER Working Papers 9951, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    31. Y. Malevergne & D. Sornette, 2007. "A two-Factor Asset Pricing Model and the Fat Tail Distribution of Firm Sizes," Quantitative Finance Papers physics/0702027, arXiv.org. [Downloadable!]
    32. Werner F. M. De Bondt & Richard H. Thaler, 1994. "Financial Decision-Making in Markets and Firms: A Behavioral Perspective," NBER Working Papers 4777, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    33. Harrison Hong & Jeremy C. Stein, 1997. "A Unified Theory of Underreaction, Momentum Trading and Overreaction in Asset Markets," NBER Working Papers 6324, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    34. Michael Kaestner, 2005. "Anomalous Price Behavior Following Earnings Surprises: Does Representativeness Cause Overreaction?," Finance 0505018, EconWPA, revised 03 Oct 2005. [Downloadable!]
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    35. Robertson, Donald & Wright, Stephen, 1998. "The Good News and the Bad News about Long-run Stock Market Returns," Cambridge Working Papers in Economics 9822, Faculty of Economics, University of Cambridge.
    36. Andrew W. Lo & Jiang Wang, 1994. "Implementing Option Pricing Models When Asset Returns Are Predictable," NBER Working Papers 4720, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    37. Bradford Cornell, 2000. "Valuing Intel: A Strange Tale of Analysts and Announcements," University of California at Los Angeles, Anderson Graduate School of Management 1077, Anderson Graduate School of Management, UCLA. [Downloadable!]

  23. Ritter, Jay R, 1991. " The Long-run Performance of Initial Public Offerings," Journal of Finance, American Finance Association, vol. 46(1), pages 3-27, March. [Downloadable!] (restricted)

    Cited by:

    1. Irwin, Scott H. & Jackson, Thomas E. & Good, Darrel L., 1999. "Do Agricultural Market Advisory Services Beat The Market? Evidence From The Corn And Soybean Markets Over 1995-1997," AgMAS Project Research Reports 14789, University of Illinois at Urbana-Champaign, Department of Agricultural and Consumer Economics. [Downloadable!]
      Other versions:
    2. Carla Vieira & Ana Paula Serra, 2005. "Abnormal Returns in Privatization Public Offerings: The Case of Portuguese Firms," Working Papers 2005.43, Fondazione Eni Enrico Mattei. [Downloadable!]
    3. Terrance Odean, 1998. "Volume, Volatility, Price and Profit When All Traders Are Above Average," Finance 9803001, EconWPA. [Downloadable!]
    4. Pástor, Luboš & Taylor, Lucian & Veronesi, Pietro, 2007. "Entrepreneurial Learning, the IPO Decision, and the Post-IPO Drop in Firm Profitability," CEPR Discussion Papers 6061, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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    5. Malcolm Baker & Jeremy C. Stein, 2002. "Market Liquidity as a Sentiment Indicator," NBER Working Papers 8816, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    6. Stephen Morris, . ""Speculative Investor Behavior and Learning''," CARESS Working Papres 95-13, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences. [Downloadable!]
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    7. Kathleen Weiss Hanley & Charles Lee & Paul Seguin, 1995. "The Marketing of Closed-End Fund IPOs," Center for Financial Institutions Working Papers 94-21, Wharton School Center for Financial Institutions, University of Pennsylvania. [Downloadable!]
    8. Andrew Ang & Li Gu & Yael V. Hochberg, 2006. "Is IPO Underperformance a Peso Problem?," NBER Working Papers 12203, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    9. John D. Burger & Richard D. Grayson & Stephen J.K. Walters, 2006. "Initial Public Offerings of Ballplayers," Working Papers 0624, International Association of Sports Economists. [Downloadable!]
    10. Elsas, Ralf & Florysiak, David, 2008. "Empirical Capital Structure Research: New Ideas, Recent Evidence, and Methodological Issues," Discussion Papers in Business Administration 4743, University of Munich, Munich School of Management. [Downloadable!]
    11. Francois Degeorge & Richard Zeckhauser, 1991. "Information Handling and Firm Performance: Evidence from Reverse LBOs," NBER Working Papers 3798, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    12. Dahlquist, Magnus & de Jong, Frank, 2004. "Pseudo Market Timing: Fact or Fiction?," SIFR Research Report Series 24, Institute for Financial Research. [Downloadable!]
    13. Marra, T. & Suijs, J., 2000. "Going-public and the influence of disclosure environments," Discussion Paper 15, Tilburg University, Center for Economic Research. [Downloadable!]
    14. Radha K. Shiwakoti & Robert Hudson & Helen Short, 2005. "A study of the initial returns and the aftermarket performance of initial public offerings of demutualized building societies in the UK," Applied Economics Letters, Taylor and Francis Journals, vol. 12(7), pages 403-409, June. [Downloadable!] (restricted)
    15. G. William Schwert, 2002. "Anomalies and Market Efficiency," NBER Working Papers 9277, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    16. Blecherman, Barry, 1996. "Is There a Winner's Curse In The Market For Baseball Players? Evidence From The Field," Working Papers 966, California Institute of Technology, Division of the Humanities and Social Sciences. [Downloadable!]
    17. Erik Lehmann, 2004. "Does Venture Capital Syndication Spur Employment Growth and Shareholder Value? : evidence from German IPO Data," Working Papers of the Research Group Heterogenous Labor 04-11, Research Group Heterogeneous Labor, University of Konstanz/ZEW Mannheim. [Downloadable!]
    18. MING DONG & David Hirshleifer & SCOTT RICHARSON & Siew Hong Teoh, 2004. "Does Investor Misvaluation Drive the Takeover Market?," Finance 0412002, EconWPA. [Downloadable!]
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    19. Chitru S. Fernando & Srinivasan Krishnamurthy & Paul A. Spindt, 2002. "Is the Offer Price in IPOs Informative? Underpricing, Ownership Structure, and Performance," Center for Financial Institutions Working Papers 01-33, Wharton School Center for Financial Institutions, University of Pennsylvania. [Downloadable!]
    20. Qi Quan & Nancy Huyghebaert, 2005. "Share Issuing Privatizations in China: Determinants of Public Share Allocation and Underpricing," LICOS Discussion Papers 16205, LICOS - Centre for Institutions and Economic Performance, K.U.Leuven. [Downloadable!]
    21. Woojin Kim & Michael Weisbach, 2005. "Do Firms Go Public to Raise Capital?," NBER Working Papers 11197, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    22. Yasushi Hamao & Frank Packer & Jay R. Ritter, 1998. "Institutional affiliation and the role of venture capital: evidence from initial public offerings in Japan," Staff Reports 52, Federal Reserve Bank of New York. [Downloadable!]
      Other versions:
    23. Jirik, Mark A. & Irwin, Scott H. & Good, Darrel L. & Martines-Filho, Joao & Jackson, Thomas E., 2001. "Do Agricultural Market Advisory Services Beat The Market? Evidence From The Wheat Market Over 1995-1998," AgMAS Project Research Reports 14778, University of Illinois at Urbana-Champaign, Department of Agricultural and Consumer Economics. [Downloadable!]
    24. KENT D. DANIEL & David Hirshleifer & AVANIDHAR SUBRAHMANYAM, 2004. "A Theory of Overconfidence, Self-Attribution, and Security Market Under- and Over-reactions," Finance 0412006, EconWPA. [Downloadable!]
    25. Daying Yan & Jun Cai, 2003. "Long-Run Operating Performance of Initial Public Offerings in Japanese Over-the-Counter Market (1991–2001): Evidence and Implications," Asia-Pacific Financial Markets, Springer, vol. 10(2), pages 239-274, September. [Downloadable!] (restricted)
    26. Takehiko Isobe & Akitoshi Ito & Joseph Kairys, 1998. "Underpricing, Subsequent Equity Offerings, and the Long-Run Performance of Japanese IPOs," Asia-Pacific Financial Markets, Springer, vol. 5(3), pages 237-259, November. [Downloadable!] (restricted)
    27. Robert E. Carpenter & Bruce C. Petersen, 2002. "Capital Market Imperfections, High-Tech Investment, and New Equity Financing," Economic Journal, Royal Economic Society, vol. 112(477), pages F54-F72, February. [Downloadable!] (restricted)
    28. Malcolm Baker & Jeffrey Wurgler, 2004. "Investor Sentiment and the Cross-Section of Stock Returns," NBER Working Papers 10449, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    30. Renneboog, L.D.R. & Vanbrabant, P., 2000. "Share price reactions to sporty performance of soccer clubs listed on the London stock exchange and the AIM," Discussion Paper 19, Tilburg University, Center for Economic Research. [Downloadable!]
    31. R. Doeswijk & H. Hemmes & R. Venekamp, 2006. "25 Years of Dutch Ipos: An Examination of Frequently Cited Ipo Anomalies Within Main Sectors and During Hot- and Cold-Issue Periods," De Economist, Springer, vol. 154(3), pages 405-427, September. [Downloadable!] (restricted)
    32. Cristián Celis & Gustavo Maturana, 1998. "Initial Public Offerings In Chile," Abante, Escuela de Administracion. Pontificia Universidad Católica de Chile., vol. 1(1), pages 7-31. [Downloadable!]
    33. Su H. Chan & Mark H. Stohs & Ko Wang, 2001. "Are Real Estate IPOs a Different Species? Evidence from Hong Kong IPOs," Journal of Real Estate Research, American Real Estate Society, vol. 21(3), pages 337-356. [Downloadable!]
    34. Paul Gompers & Josh Lerner, 1998. "Conflict of Interest in the Issuance of Public Securities: Evidence from Venture Capital," NBER Working Papers 6847, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    36. Sarkissian, Sergei & Schill, Michael J., 2004. "Are There Permanent Valuation Gains to Overseas Listing? Evidence from Market Sequencing and Selection," Working Papers 05-4, University of Pennsylvania, Wharton School, Weiss Center. [Downloadable!]
    37. Qi Huang & Richard M. Levich, 1999. "Underpricing of New Equity Offerings by Privatized Firms: An International Test," New York University, Leonard N. Stern School Finance Department Working Paper Seires 99-075, New York University, Leonard N. Stern School of Business-. [Downloadable!]
    38. Stavros Peristiani & Gijoon Hong, 2004. "Pre-IPO financial performance and aftermarket survival," Current Issues in Economics and Finance, Federal Reserve Bank of New York, issue Feb. [Downloadable!]
    39. Luca Benzoni & Carola Schenone, 2007. "Conflict of interest and certification in the U.S. IPO market," Working Paper Series WP-07-09, Federal Reserve Bank of Chicago. [Downloadable!]
    40. Roni Michaely & Richard H. Thaler & Kent Womack, 1994. "Price Reactions to Dividend Initiations and Omissions: Overreaction or Drift?," NBER Working Papers 4778, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    42. David J. Brophy & Paige P. Ouimet & Clemens Sialm, 2004. "PIPE Dreams? The Performance of Companies Issuing Equity Privately," NBER Working Papers 11011, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    43. Carla Vieira & Ana Paula Serra, 2006. "Abnormal Returns in Privatization Public Offerings: The case of Portuguese firms," Notas Económicas, Faculdade de Economia, Universidade de Coimbra, issue 23, pages 6-34, June. [Downloadable!]
    44. Owen Lamont & Christopher Polk & Jesus Saa-Requejo, 1997. "Financial Constraints and Stock Returns," NBER Working Papers 6210, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    45. Terrance Odean., 1996. "Volume, Volatility, Price and Profit When All Trader Are Above Average," Research Program in Finance Working Papers RPF-266, University of California at Berkeley. [Downloadable!]
    46. Rodolfo Martell & Rene M. Stulz, 2003. "Equity market liberalizations as country IPOs," NBER Working Papers 9481, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    49. Robert J. Shiller, 1998. "Human Behavior and the Efficiency of the Financial System," NBER Working Papers 6375, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    50. DeAngelo, Harry & DeAngelo, Linda & Stulz, Rene, 2007. "Fundamentals, Market Timing, and Seasoned Equity Offerings," Working Paper Series 2007-13, Ohio State University, Charles A. Dice Center for Research in Financial Economics. [Downloadable!]
    51. Michael R. King & Dan Segal, 2006. "The Long-Term Effects of Cross-Listing Investor Recognition, and Ownership Structure on Valuation," Working Papers 06-44, Bank of Canada. [Downloadable!]
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    52. Michel Habib & Alexander Ljungqvist, 1999. "Underpricing and Entrepreneurial Wealth Losses in IPOs: Theory and Evidence," OFRC Working Papers Series 1999fe03, Oxford Financial Research Centre. [Downloadable!]
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    53. Jarrod Johnston & Jeff Madura, 2006. "Impact of managerial control on IPO performance: the case of mutual holding companies," Applied Financial Economics, Taylor and Francis Journals, vol. 16(8), pages 629-637, May. [Downloadable!] (restricted)
    54. Richard Zeckhauser & Jayendu Patel & Darryll Hendricks, 1991. "Nonrational Actors and Financial Market Behavior," NBER Working Papers 3731, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    55. Bottazzi, Laura & Da Rin, Marco, 2002. "Europe's 'New' Stock Markets," CEPR Discussion Papers 3521, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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    56. Stavros Peristiani, 2003. "Evaluating the riskiness of initial public offerings: 1980-2000," Staff Reports 167, Federal Reserve Bank of New York. [Downloadable!]
    57. Gary Koop & Kai Li, 2004. "The valuation of IPO, SEO and post-Chapter 11 firms: A stochastic frontier approach," ESE Discussion Papers 13, Edinburgh School of Economics, University of Edinburgh. [Downloadable!]
    58. Jirik, Mark A. & Irwin, Scott H. & Good, Darrel L. & Jackson, Thomas E. & Martines-Filho, Joao, 2000. "The Performance Of Agricultural Market Advisory Services In Marketing Wheat," 2000 Conference, April 17-18 2000, Chicago, Illinois 18928, NCR-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management. [Downloadable!]
    59. Lily Qiu & Gerard Hoberg, 2005. "Future Industrial Organization and Stock Returns versus the Decision to Issue IPOs," Working Papers 2005-06, Brown University, Department of Economics. [Downloadable!]
    60. Czarnitzki, Dirk & Binz, Hanna L., 2008. "R&D Investment and Financing Constraints of Small and Medium-Sized Firm," ZEW Discussion Papers 08-047, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research. [Downloadable!]
    61. Cotei, Carmen & Farhat, Joseph Basheer & Mukherjee, Tarun K., 2004. "Informational externalities of going public decisions: evidence from industrial sector," Working Papers 2004-12, University of New Orleans, Department of Economics and Finance. [Downloadable!]
    62. Harry DeAngelo & Linda DeAngelo & René M. Stulz, 2007. "Fundamentals, Market Timing, and Seasoned Equity Offerings," NBER Working Papers 13285, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    63. David Ikenberry & Josef Lakonishok & Theo Vermaelen, 1994. "Market Underreaction to Open Market Share Repurchases," NBER Working Papers 4965, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    64. Baggs, Jennifer & Brander, James A., 2005. "Trade Liberalization, Profitability, and Financial Leverage," Analytical Studies Branch Research Paper Series 2005256e, Statistics Canada, Analytical Studies Branch. [Downloadable!]
    65. Maher Kooli & Jean-Marc Suret, 2001. "The Underpricing of Initial Public Offerings: Further Canadian Evidence," CIRANO Working Papers 2001s-50, CIRANO. [Downloadable!]
    66. Michelle Lowry & Micah S. Officer & G. William Schwert, 2006. "The Variability of IPO Initial Returns," NBER Working Papers 12295, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    67. Ljungqvist, Alexander P & Nanda, Vikram & Singh, Rajdeep, 2001. "Hot Markets, Investor Sentiment and IPO Pricing," CEPR Discussion Papers 3053, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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    68. Alon Brav & Christopher Geczy & Paul A. Gompers, . "Is the Abnormal Return Following Equity Issuances Anomalous?," Rodney L. White Center for Financial Research Working Papers 2-99, Wharton School Rodney L. White Center for Financial Research. [Downloadable!]
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    69. Stefanie Franzke (Contact), Stefanie Grohs, Christian Laux, 2003. "Initial Public Offerings and Venture Capital in Germany," CFS Working Paper Series 2003/26, Center for Financial Studies. [Downloadable!]
    70. Augusto Castillo R., 2001. "Long-Run Performance Of Stock Returns Following Junk Bond Offerings," Abante, Escuela de Administracion. Pontificia Universidad Católica de Chile., vol. 4(1), pages 95-129. [Downloadable!]
    71. Niclas Hellman, 1999. "Earnings manipulation: cost of capital versus tax. A commentary," European Accounting Review, Taylor and Francis Journals, vol. 8(3), pages 493-497, September. [Downloadable!] (restricted)
    72. Jakobsen, Jan & Sørensen, Ole, 1999. "Decomposing and testing Long-run Returns with an application to initial public offerings in Denmark," Working Papers 2000-2, Copenhagen Business School, Department of Finance. [Downloadable!]
    73. Renneboog, L.D.R. & Simons, Thomas, 2005. "Public-to-private transactions : LBOs, MBOs, MBIs and IBOs," Discussion Paper 98, Tilburg University, Center for Economic Research. [Downloadable!]
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    74. Baggs, Jennifer & Brander, James A., 2005. "Libéralisation des échanges, rentabilité et levier financier," Direction des études analytiques : documents de recherche 2005256f, Statistics Canada, Direction des études analytiques. [Downloadable!]
    75. Maher Kooli & Jean-François L'Her & Jean-Marc Suret, 2003. "Do IPOs Underperform in the Long-Run? New Evidence from the Canadian Stock Market," CIRANO Working Papers 2003s-16, CIRANO. [Downloadable!]
    76. Ajay Shah, 1995. "The Indian IPO Market: Empirical Facts," Finance 9507003, EconWPA. [Downloadable!]
    77. Malcolm Baker & C. Fritz Foley & Jeffrey Wurgler, 2004. "The Stock Market and Investment: Evidence from FDI Flows," NBER Working Papers 10559, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    78. Miller, Edward M., 2000. "Long run underperformance of initial public offerings: an explanation," Working Papers 1999-18, University of New Orleans, Department of Economics and Finance. [Downloadable!]
    79. Sangkyun Park, 1998. "Why did thrift goodwill matter in 1989?," Staff Reports 51, Federal Reserve Bank of New York. [Downloadable!]
    80. Laura Bottazzi & Marco da Rin, 2003. "Financing Entrepreneurial Firms in Europe: Facts, Issues, and Research Agenda," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
    81. Eckbo, B Espen & Norli, Øyvind, 2005. "Liquidity Risk, Leverage and Long-Run IPO Returns," CEPR Discussion Papers 4832, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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    82. Miguel A. Acedo & Fco. Javier Ruiz & Rafael Santamaría, 2008. "Influence of Secondary Offerings on the Liquidity and Trading Activity of Stocks Outstanding," Czech Journal of Economics and Finance (Finance a uver), Charles University Prague, Faculty of Social Sciences, vol. 58(01-02), pages 21-37, January. [Downloadable!]
    83. Young Han Lee & Ulrike Malmendier, 2007. "The Bidder's Curse," NBER Working Papers 13699, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    84. Maher Kooli & Jean-Marc Suret, 2001. "The Aftermarket Performance of Initial Public Offerings in Canada," CIRANO Working Papers 2001s-52, CIRANO. [Downloadable!]
    85. Josef Lakonishok & Inmoo Lee, 1998. "Are Insiders' Trades Informative?," NBER Working Papers 6656, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    86. Edward J. Kane & Berry K. Wilson, 1998. "A Contracting-Theory Interpretation of the Origins of Federal Deposit Insurance," NBER Working Papers 6451, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    87. Mayur, Manas & Kumar, Manoj, 2006. "An Empirical Investigation of Going Public Decision of Indian Companies," MPRA Paper 1801, University Library of Munich, Germany. [Downloadable!]
    88. Dimitris Kenourgios & Spyros Papathanasiou & Emmanouil Rafail Melas, 2005. "Initial Performance of Greek IPOs, Underwriter’s Reputation and Oversubscription," Finance 0512023, EconWPA. [Downloadable!]
    89. Malcolm Baker & Jeremy C. Stein & Jeffrey Wurgler, 2002. "When Does the Market Matter? Stock Prices and the Investment of Equity-Dependent Firms," NBER Working Papers 8750, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    90. Wolfgang Aussenegg, 1999. "Going Public in Poland: Case-by-Case Privatizations, Mass Privatization and Private Sector Initial Public Offerings," William Davidson Institute Working Papers Series 292, William Davidson Institute at the University of Michigan Stephen M. Ross Business School. [Downloadable!]
    91. Brian J. Henderson & Narasimhan Jegadeesh & Michael S. Weisbach, 2004. "World Markets for Raising New Capital," NBER Working Papers 10225, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    93. Nicholas Barberis & Ming Huang, 2007. "Stocks as Lotteries: The Implications of Probability Weighting for Security Prices," NBER Working Papers 12936, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    94. Alexander Ljungqvist, 1999. "IPO Underpricing, Wealth Losses and the Curious Role of Venture Capitalists in the Creation of Public Companies," OFRC Working Papers Series 1999fe04, Oxford Financial Research Centre. [Downloadable!]
    95. Dong, Ming & Hirshleifer, David & Teoh, Siew Hong, 2007. "Stock market misvaluation and corporate investment," MPRA Paper 3109, University Library of Munich, Germany, revised 05 May 2007. [Downloadable!]
    96. Pástor, Luboš & Veronesi, Pietro, 2003. "Stock Prices and IPO Waves," CEPR Discussion Papers 4002, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
      Other versions:
    97. Goergen, M. & Renneboog, L.D.R., 2003. "Insider retention and long-run performance in German and UK IPO's," Discussion Paper 16, Tilburg University, Tilburg Law and Economic Center. [Downloadable!]
    98. Helmenstein, Christian, 1995. "The Withdrawal of the State from Economic Activity: An Austrian Capital Market Perspective," Economics Series 19, Institute for Advanced Studies. [Downloadable!]
    99. Bart Hobijn & Boyan Jovanovic, 2001. "The Information-Technology Revolution and the Stock Market: Evidence," American Economic Review, American Economic Association, vol. 91(5), pages 1203-1220, December. [Downloadable!] (restricted)
      Other versions:
    100. Robert Cressy, 2002. "Introduction: Funding Gaps," Economic Journal, Royal Economic Society, vol. 112(477), pages F1-F16, February. [Downloadable!] (restricted)
    101. O. Erhardt & R. Koerstein, . "Die Simulation langfristiger Überrenditen," Sonderforschungsbereich 373 1999-56, Humboldt Universitaet Berlin.
    102. José Emilio Farinós, 2001. "Rendimientos anormales de las OPV en España," Investigaciones Economicas, Fundación SEPI, vol. 25(2), pages 417-437, May. [Downloadable!]
    103. Terrance Odean, 1999. "Do Investors Trade Too Much?," American Economic Review, American Economic Association, vol. 89(5), pages 1279-1298, December. [Downloadable!] (restricted)
    104. Cécile Carpentier & Jean-Marc Suret, 2009. "The Survival and Success of Canadian Penny Stock IPOs," CIRANO Working Papers 2007s-28, CIRANO. [Downloadable!]
    105. Michelle Lowry & G. William Schwert, 2000. "IPO Market Cycles: Bubbles or Sequential Learning?," NBER Working Papers 7935, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    106. Wai-yan Cheng & Yan-leung Cheung & Yuen-ching Tse, 2005. "The Impact on IPO Performance of More Stringent Listing Rules with a Pre-listing Earnings Requirement: Evidence from Hong Kong," Working Papers 172005, Hong Kong Institute for Monetary Research. [Downloadable!]

  24. Ritter, Jay R & Chopra, Navin, 1989. " Portfolio Rebalancing and the Turn-of-the-Year Effect," Journal of Finance, American Finance Association, vol. 44(1), pages 149-66, March. [Downloadable!] (restricted)

    Cited by:

    1. Ryan Sullivan & Allan Timmermann & Halbert White, 1998. "Dangers of Data-Driven Inference: The Case of Calendar Effects in Stock Returns," University of California at San Diego, Economics Working Paper Series 1998-16, Department of Economics, UC San Diego. [Downloadable!]
      Other versions:
    2. Khalid Al-Saad & Imad A. Moosa, 2005. "Seasonality in stock returns: evidence from an emerging market," Applied Financial Economics, Taylor and Francis Journals, vol. 15(1), pages 63-71, January. [Downloadable!] (restricted)

  25. Ritter, Jay R, 1988. " The Buying and Selling Behavior of Individual Investors at the Turn of the Year," Journal of Finance, American Finance Association, vol. 43(3), pages 701-17, July. [Downloadable!] (restricted)

    Cited by:

    1. Jose Garcia Blandon, 2007. "Return autocorrelation anomalies in two European stock markets," Revista de Analisis Economico – Economic Analysis Review, Ilades-Georgetown University, Economics Department, vol. 22(1), pages 59-70, June. [Downloadable!]
    2. Riccardo Ferretti & Francesco Pattarin, 2008. "Is public information really public? The role of newspapers," Centro Studi di Banca e Finanza (CEFIN) (Center for Studies in Banking and Finance) 08013, Universita di Modena e Reggio Emilia, Facoltà di Economia "Marco Biagi". [Downloadable!]
    3. Douglas A. Shackelford & Robert E. Verrecchia, 1999. "Intertemporal Tax Discontinuities," NBER Working Papers 7451, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    4. Zoran Ivković & James Poterba & Scott Weisbenner, 2005. "Tax-Motivated Trading by Individual Investors," American Economic Review, American Economic Association, vol. 95(5), pages 1605-1630, December. [Downloadable!]
      Other versions:
    5. Jonathan Wiley & Leonard Zumpano, 2009. "Institutional Investment and the Turn-of-the-Month Effect: Evidence from REITs," The Journal of Real Estate Finance and Economics, Springer, vol. 39(2), pages 180-201, August. [Downloadable!] (restricted)
    6. David K. Musto, 1997. "Investment Decisions Depend on Portfolio Disclosure," Center for Financial Institutions Working Papers 97-49, Wharton School Center for Financial Institutions, University of Pennsylvania. [Downloadable!]
    7. Mark J. Kamstra & Lisa A. Kramer & Maurice D. Levi, 2003. "Winter Blues: A SAD Stock Market Cycle," American Economic Review, American Economic Association, vol. 93(1), pages 324-343, March. [Downloadable!]
      Other versions:
    8. Mark Grinblatt & Matti Keloharju, 2002. "Tax-Loss Trading and Wash Sales," NBER Working Papers 8745, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    9. Josep Garcia Blandón, 2001. "New Findings Regarding Return Autocorrelation Anomalies and the Importance of Non-trading Periods," Economics Working Papers 585, Department of Economics and Business, Universitat Pompeu Fabra. [Downloadable!]
    10. Doran, James & Jiang, Danling & Peterson, David, 2008. "Gambling Preference and the New Year Effect of Assets with Lottery Features," MPRA Paper 9258, University Library of Munich, Germany, revised 10 Mar 2009. [Downloadable!]
    11. Mark M. Carhart & Ron Kaniel & David K. Musto & Adam Reed, . "Mutual Fund Returns and Market Microstructure," Rodney L. White Center for Financial Research Working Papers 11-99, Wharton School Rodney L. White Center for Financial Research. [Downloadable!]
    12. Bohl, Martin T. & Gottschalk, Katrin & Pál, Rozália, 2006. "Institutional investors and stock market efficiency: The case of the January anomaly," MPRA Paper 677, University Library of Munich, Germany, revised Nov 2006. [Downloadable!]
    13. Ian Garrett & Mark Kamstra & Lisa Kramer, 2004. "Winter blues and time variation in the price of risk," Working Paper 2004-8, Federal Reserve Bank of Atlanta. [Downloadable!]
      Other versions:
    14. Magnus Dahlquist, Peter Sellin, 1996. "Stochastic dominance, tax-loss selling and seasonalities in Sweden," European Journal of Finance, Taylor and Francis Journals, vol. 2(1), pages 1-19, March. [Downloadable!] (restricted)
    15. James M. Poterba & Scott J. Weisbenner, 1998. "Capital Gains Tax Rules, Tax Loss Trading and Turn-of-the-Year Returns," NBER Working Papers 6616, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    16. Rakesh Bali, 2003. "Seasonality in ex dividend day returns," Applied Economics Letters, Taylor and Francis Journals, vol. 10(14), pages 929-932, November. [Downloadable!] (restricted)
    17. Juan Rendon & William Ziemba, 2007. "Is the January effect still alive in the futures markets?," Financial Markets and Portfolio Management, Springer, vol. 21(3), pages 381-396, September. [Downloadable!] (restricted)

  26. Ritter, Jay R., 1987. "The costs of going public," Journal of Financial Economics, Elsevier, vol. 19(2), pages 269-281, December. [Downloadable!] (restricted)

    Cited by:

    1. Kenbata Bangassa, 2000. "Performance Of The UK Investment Trust IPO's," Research Papers 2000_20, University of Liverpool Management School. [Downloadable!]
    2. Ramón A. Castillo Ponce, 2007. "Entre familia y amigos: la elección de la estructura de propiedad corporativa," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 22(1), pages 3-18. [Downloadable!]
    3. Ellingsen, Tore & Rydqvist, Kristian, 1997. "The Stock Market as a Screening Device and the Decision to Go Public," Working Paper Series in Economics and Finance 174, Stockholm School of Economics. [Downloadable!]
    4. Herbert A. Rijken, Menno C. Booij, Adrian Buckley, 1999. "Valuation differences between quoted and unquoted companies- empirical evidence from the UK," European Journal of Finance, Taylor and Francis Journals, vol. 5(3), pages 256-275, September. [Downloadable!] (restricted)
    5. Cristián Celis & Gustavo Maturana, 1998. "Initial Public Offerings In Chile," Abante, Escuela de Administracion. Pontificia Universidad Católica de Chile., vol. 1(1), pages 7-31. [Downloadable!]
    6. Hoa Nguyen & William Dimovski & Robert Brooks, 2007. "Underpricing, Risk Management, Hot Issue and Crowding out Effects: Evidence from the Australian Resources Sector Initital Public Offerings," Accounting, Finance, Financial Planning and Insurance Series 2007_17, Deakin University, Faculty of Business and Law, School of Accounting, Economics and Finance. [Downloadable!]
    7. Qi Huang & Richard M. Levich, 1999. "Underpricing of New Equity Offerings by Privatized Firms: An International Test," New York University, Leonard N. Stern School Finance Department Working Paper Seires 99-075, New York University, Leonard N. Stern School of Business-. [Downloadable!]
    8. Berglund, T., 1994. "The Pricing of Initial Public Offerings : A Simple Model," Research Memorandum 673, Tilburg University, Faculty of Economics and Business Administration. [Downloadable!]
    9. Lucian Arye Bebchuk & Luigi Zingales, 1996. "Corporate Ownership Structures: Private versus Social Optimality," NBER Working Papers 5584, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    10. Bharat N. Anand & Alexander Galetovic, 2002. "Investment Banking and Security Market Development: Does Finance Follow Industry?," Documentos de Trabajo 121, Centro de Economía Aplicada, Universidad de Chile. [Downloadable!]
    11. Janet K. Smith & Richard L. Smith & Karyn L. Williams, 2000. "The SEC's "Fair Value" Standard for Mutual Fund Investment in Restricted Shares and Other Illiquid Securities," Claremont Colleges Working Papers 2000-39, Claremont Colleges. [Downloadable!]
    12. Michel Habib & Alexander Ljungqvist, 1999. "Underpricing and Entrepreneurial Wealth Losses in IPOs: Theory and Evidence," OFRC Working Papers Series 1999fe03, Oxford Financial Research Centre. [Downloadable!]
      Other versions:
    13. Demirguc-Kunt, Asli & Maksimovic, Vojislav, 1995. "Stock market development and firm financing choices," Policy Research Working Paper Series 1461, The World Bank. [Downloadable!]
    14. Philippe Aghion & Oliver Hart & John Moore, 1992. "The Economics of Bankruptcy Reform," NBER Working Papers 4097, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    15. Hsuan-Chi Chen & Chiuling Lu, 2006. "How Much Do REITs Pay for Their IPOs?," The Journal of Real Estate Finance and Economics, Springer, vol. 33(2), pages 105-125, September. [Downloadable!] (restricted)
    16. Maher Kooli & Jean-Marc Suret, 2001. "The Underpricing of Initial Public Offerings: Further Canadian Evidence," CIRANO Working Papers 2001s-50, CIRANO. [Downloadable!]
    17. Maher Kooli & Jean-Marc Suret, 2001. "The Aftermarket Performance of Initial Public Offerings in Canada," CIRANO Working Papers 2001s-52, CIRANO. [Downloadable!]
    18. Mayur, Manas & Kumar, Manoj, 2006. "An Empirical Investigation of Going Public Decision of Indian Companies," MPRA Paper 1801, University Library of Munich, Germany. [Downloadable!]
    19. William Dimovski & Robert Brooks, 2006. "The Pricing of Property Trust IPOs in Australia," The Journal of Real Estate Finance and Economics, Springer, vol. 32(2), pages 185-199, March. [Downloadable!] (restricted)
    20. Alexander Ljungqvist, 1999. "IPO Underpricing, Wealth Losses and the Curious Role of Venture Capitalists in the Creation of Public Companies," OFRC Working Papers Series 1999fe04, Oxford Financial Research Centre. [Downloadable!]
    21. Jean-Marc Suret & Maher Kooli, 2002. "How cost-effective are Canadian IPO markets?," CIRANO Working Papers 2002s-83, CIRANO. [Downloadable!]
    22. Helmenstein, Christian, 1995. "The Withdrawal of the State from Economic Activity: An Austrian Capital Market Perspective," Economics Series 19, Institute for Advanced Studies. [Downloadable!]
    23. Richard J. Rosen & Scott B. Smart & Chad J. Zutter, 2005. "Why do firms go public? evidence from the banking industry," Working Paper Series WP-05-17, Federal Reserve Bank of Chicago. [Downloadable!]
    24. Bharat N. Anand & Alexander Galetovic, 2002. "Does Competition Kill Relationships? Inside Investment Banking," Documentos de Trabajo 119, Centro de Economía Aplicada, Universidad de Chile. [Downloadable!]

  27. Beatty, Randolph P. & Ritter, Jay R., 1986. "Investment banking, reputation, and the underpricing of initial public offerings," Journal of Financial Economics, Elsevier, vol. 15(1-2), pages 213-232. [Downloadable!] (restricted)
    Other versions:

    See citations under working paper version above.

  28. Ritter, Jay R, 1984. " Signaling and the Valuation of Unseasoned New Issues: A Comment," Journal of Finance, American Finance Association, vol. 39(4), pages 1231-37, September. [Downloadable!] (restricted)

    Cited by:

    1. William J. McNally, 1999. "Multi-dimensional signaling with fixed-price repurchase offers," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 20(3), pages 131-150.
    2. Michelle Lowry & Micah S. Officer & G. William Schwert, 2006. "The Variability of IPO Initial Returns," NBER Working Papers 12295, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    3. Roger M. Shelor & Dwight C. Anderson, 1998. "The Financial Performance of REITs Following Initial Public Offerings," Journal of Real Estate Research, American Real Estate Society, vol. 16(3), pages 375-388. [Downloadable!]
    4. Pandey Ajay & Kumar G. Arun, 2001. "Relative Effectiveness of Signals in IPOs in Indian Capital Markets," IIMA Working Papers 2001-09-03, Indian Institute of Management Ahmedabad, Research and Publication Department. [Downloadable!]

  29. Ritter, Jay R, 1984. "The "Hot Issue" Market of 1980," Journal of Business, University of Chicago Press, vol. 57(2), pages 215-40, April. [Downloadable!] (restricted)

    Cited by:

    1. Belén Gill de Albornoz & Peter F. Pope, 2004. "The Determinants Of The Going Public Decision: Evidence From The U.K," Working Papers. Serie AD 2004-22, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie). [Downloadable!]
    2. Malcolm Baker & Jeffrey Wurgler, 2004. "Investor Sentiment and the Cross-Section of Stock Returns," NBER Working Papers 10449, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    3. Cristián Celis & Gustavo Maturana, 1998. "Initial Public Offerings In Chile," Abante, Escuela de Administracion. Pontificia Universidad Católica de Chile., vol. 1(1), pages 7-31. [Downloadable!]
    4. Hoa Nguyen & William Dimovski & Robert Brooks, 2007. "Underpricing, Risk Management, Hot Issue and Crowding out Effects: Evidence from the Australian Resources Sector Initital Public Offerings," Accounting, Finance, Financial Planning and Insurance Series 2007_17, Deakin University, Faculty of Business and Law, School of Accounting, Economics and Finance. [Downloadable!]

  30. Bhattacharya, Sudipto & Ritter, Jay R, 1983. "Innovation and Communication: Signalling with Partial Disclosure," Review of Economic Studies, Blackwell Publishing, vol. 50(2), pages 331-46, April. [Downloadable!] (restricted)

    Cited by:

    1. Mehdi Nekhili & Evelyne Poincelot, 2000. "La fonction R&D et la latitude managériale:une analyse théorique," Working Papers FARGO 1000303, Université de Bourgogne - Latec/Fargo (Research center in Finance,organizational ARchitecture and GOvernance). [Downloadable!]
      Other versions:
    2. Michele Boldrin & David K Levine, 2003. "Rent Seeking and Innovation," Levine's Working Paper Archive 618897000000000465, David K. Levine. [Downloadable!]
      Other versions:
    3. Ueda, Masako, 2002. "Banks versus Venture Capital," CEPR Discussion Papers 3411, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
      Other versions:
    4. Martimort, D. & Poudou, J.-C. & Sand-Zantman, W., 2006. "Contracting for an Innovation under Bilateral Asymmetric Information," Cahiers du LASER (LASER Working Papers) 2006.19, LASER (Laboratoire de Science Economique de Richter), Faculty of Economics, University of Montpellier 1. [Downloadable!]
      Other versions:
    5. Giacinta Cestone, 1999. "Corporate Financing and Product Market Competition: An Overview," CSEF Working Papers 18, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy. [Downloadable!]
    6. Enrico C. Perotti & Ernst-Ludwig von Thadden, 2001. "Outside Finance, Dominant Investors and Strategic Transparancy," Tinbergen Institute Discussion Papers 01-019/2, Tinbergen Institute. [Downloadable!]
    7. M. Pilar Socorro, 2009. "R&D investment as a signal in corporate takeovers," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 30(5), pages 335-350. [Downloadable!]
    8. Bronwyn H. Hall, 1992. "Investment and Research and Development at the Firm Level: Does the Source of Financing Matter?," NBER Working Papers 4096, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    9. David J Ravenscraft & William F Long, 1993. "LBOs, Debt And R&D Intensity," Working Papers 93-3, Center for Economic Studies, U.S. Census Bureau. [Downloadable!]
    10. Akçomak, I. Semih & ter Weel, Bas, 2008. "Social Capital, Innovation and Growth: Evidence from Europe," IZA Discussion Papers 3341, Institute for the Study of Labor (IZA). [Downloadable!]
      Other versions:
    11. Siew Teoh & Chuan Hwang, 1990. "Non-disclosure and Adverse Disclosure as Signals of Firm Value," University of California at Los Angeles, Anderson Graduate School of Management 1182, Anderson Graduate School of Management, UCLA. [Downloadable!]
      Other versions:
    12. Perotti, Enrico C & von Thadden, Ernst-Ludwig, 2001. "Outside Finance, Dominant Investors and Strategic Transparency," CEPR Discussion Papers 2733, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
      Other versions:
    13. Peter G. Klein & Marc R. Saidenberg, . "Diversification, Organization, and Efficiency: Evidence from Bank Holding Companies," Center for Financial Institutions Working Papers 97-27, Wharton School Center for Financial Institutions, University of Pennsylvania. [Downloadable!]
    14. C. Beuselinck & M. Deloof & S. Manigart, 2005. "Private Equity Investments and Disclosure Policy," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 05/287, Ghent University, Faculty of Economics and Business Administration. [Downloadable!]
      Other versions:
    15. Pasquale Lucio Scandizzo, 2004. "Financing Technology: An Assessment of Theory and Practice," CEIS Research Paper 43, Tor Vergata University, CEIS. [Downloadable!]
    16. Dietmar Harhoff, 1997. "Are There Financing Constraints for R&D and Investment in German Manufacturing Firms?," CIG Working Papers FS IV 97-45, Wissenschaftszentrum Berlin (WZB), Research Unit: Competition and Innovation (CIG). [Downloadable!]
      Other versions:
    17. Hind Sami, 2005. "Financial Distress and Reputational Concerns," Working Papers 0509, Groupe d'Analyse et de Théorie Economique (GATE), Centre national de la recherche scientifique (CNRS), Université Lyon 2, Ecole Normale Supérieure. [Downloadable!]
    18. Stewart C. Myers & Nicholas S. Majluf, 1984. "Corporate Financing and Investment Decisions When Firms Have InformationThat Investors Do Not Have," NBER Working Papers 1396, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    19. Bronwyn H. Hall, 2003. "The Financing of Research and Development," Finance 0303003, EconWPA. [Downloadable!]
      Other versions:
    20. David Gill, 2004. "Strategic Disclosure of Intermediate Research Results," Economics Series Working Papers 211, University of Oxford, Department of Economics. [Downloadable!]
      Other versions:
    21. Mohnen, Pierre & Palm, Franz & Schim van der Loeff, Sybrand & Tiwari, Amaresh, 2008. "Financial Constraints and Other Obstacles: Are they a Threat to Innovation Activity?," UNU-MERIT Working Paper Series 006, United Nations University, Maastricht Economic and social Research and training centre on Innovation and Technology. [Downloadable!]
      Other versions:
    22. Takalo , Tuomas & Tanayama , Tanja, 2008. "Adverse selection and financing of innovation: is there a need for R&D subsidies?," Research Discussion Papers 19/2008, Bank of Finland. [Downloadable!]
    23. Stefan ARPING, 2002. "Cannibalization & Incentives in Venture Financing," Cahiers de Recherches Economiques du Département d'Econométrie et d'Economie politique (DEEP) 02.07, Université de Lausanne, Faculté des HEC, DEEP, revised May 2002. [Downloadable!]
    24. Brett Trueman, 1986. "The Release of Propreitary Information as a Means of Reducing Competitive Costs," University of California at Los Angeles, Anderson Graduate School of Management 1199, Anderson Graduate School of Management, UCLA. [Downloadable!]
    25. Fiaschi, Alessandro, 2008. "A note about credit rationing on research and development," MPRA Paper 12300, University Library of Munich, Germany, revised 10 Dec 2008. [Downloadable!]
    26. Salman Shah & Anjan V. Thakor, 2004. "Private versus Public Ownership: Investment, Ownership Distribution, and Optimality," Finance 0411026, EconWPA. [Downloadable!]
      Other versions:
    27. Gianfranco Atzeni & Claudio Piga, 2005. "R&D investment, Credit Rationing and Sample Selection," Discussion Paper Series 2005_6, Department of Economics, Loughborough University, revised Jun 2005. [Downloadable!]
      Other versions:
    28. Spiros Bougheas & Holger Görg & Eric Strobl, 2003. "Is R & D Financially Constrained? Theory and Evidence from Irish Manufacturing," Review of Industrial Organization, Springer, vol. 22(2), pages 159-174, March. [Downloadable!] (restricted)
    29. Sudipto Bhattacharya & Sergei Guriev, 2004. "Knowledge Disclosure, Patents and Optimal Organization of Research and Development," STICERD - Theoretical Economics Paper Series /2004/478, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE. [Downloadable!]
      Other versions:
    30. Bharant N. Anand & Alexander Galetovic, 1998. "Weak Property Rights and hold-up in R&D," Documentos de Trabajo 39, Centro de Economía Aplicada, Universidad de Chile. [Downloadable!]
    31. Mayur, Manas & Kumar, Manoj, 2006. "An Empirical Investigation of Going Public Decision of Indian Companies," MPRA Paper 1801, University Library of Munich, Germany. [Downloadable!]
    32. Enrico C. Perotti & Ernst-Ludwig von Thadden, . "Dominant Investors and Strategic Transparency," Working Papers 1999.24, Fondazione Eni Enrico Mattei. [Downloadable!]
      Other versions:
    33. Cranfield, John & Herath, Deepananda & Henson, Spencer & Sparling, Dave, 2006. "An Analysis of Financing Innovation and Commercialization in Canada’'s Functional Food and Nutraceutical Sector," 2006 Annual meeting, July 23-26, Long Beach, CA 21196, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
    34. Bronwyn Hall, 2006. "R&D, productivity and market value," IFS Working Papers W06/23, Institute for Fiscal Studies. [Downloadable!]
    35. Anjan V. Thakor, 2004. "Information, Investment Horizon, and Price Reactions," Finance 0411029, EconWPA. [Downloadable!]
      Other versions:

Chapters

  1. Ritter, Jay R., 2003. "Investment banking and securities issuance," Handbook of the Economics of Finance, in: G.M. Constantinides & M. Harris & R. M. Stulz (ed.), Handbook of the Economics of Finance, edition 1, volume 1, chapter 5, pages 255-306 Elsevier. [Downloadable!] (restricted)

    Cited by:

    1. Dahlquist, Magnus & de Jong, Frank, 2004. "Pseudo Market Timing: Fact or Fiction?," SIFR Research Report Series 24, Institute for Financial Research. [Downloadable!]
    2. Galina Hale & Joao A. C. Santos, 2008. "Do banks price their informational monopoly?," Working Paper Series 2008-14, Federal Reserve Bank of San Francisco. [Downloadable!]
      Other versions:
    3. DeAngelo, Harry & DeAngelo, Linda & Stulz, Rene, 2007. "Fundamentals, Market Timing, and Seasoned Equity Offerings," Working Paper Series 2007-13, Ohio State University, Charles A. Dice Center for Research in Financial Economics. [Downloadable!]
    4. Matías Braun & Borja Larrain, 2005. "Supply matters for asset prices: evidence from IPOs in emerging markets," Working Papers 06-4, Federal Reserve Bank of Boston. [Downloadable!]
    5. Harry DeAngelo & Linda DeAngelo & René M. Stulz, 2007. "Fundamentals, Market Timing, and Seasoned Equity Offerings," NBER Working Papers 13285, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    6. Hammad Siddiqi, 2006. "Bargaining under ambiguity: some experimental evidence," Economics Bulletin, Economics Bulletin, vol. 4(7), pages 1-7. [Downloadable!]
    7. Hirshleifer, David & Jiang, Danling, 2007. "Commonality in Misvaluation, Equity Financing, and the Cross Section of Stock Returns," MPRA Paper 16134, University Library of Munich, Germany, revised 08 Jul 2009. [Downloadable!]
    8. Malcolm P. Baker & Ryan Taliaferro & Jeffrey Wurgler, 2004. "Pseudo Market Timing and Predictive Regressions," NBER Working Papers 10823, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    9. Christian Hopp & Axel Dreher, 2007. "Do Differences in Institutional and Legal Environments Explain Cross-Country Variations in IPO Underpricing?," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
      Other versions:
    10. Adriani, Fabrizio & Deidda, Luca & Sonderegger, Silvia, 2009. "The Role of Financial Intermediaries in Securities Issues: A Theoretical Analysis," MPRA Paper 16112, University Library of Munich, Germany. [Downloadable!]
    11. Malcolm Baker & Jeffrey Wurgler, 2007. "Investor Sentiment in the Stock Market," NBER Working Papers 13189, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    12. Alex Stomper & Pegaret Pichler, 2004. "Primary Market Design: Direct Mechanisms and Markets," Working Papers 2004.9, Fondazione Eni Enrico Mattei. [Downloadable!]
    13. Cécile Carpentier & Jean-Marc Suret, 2009. "The Survival and Success of Canadian Penny Stock IPOs," CIRANO Working Papers 2007s-28, CIRANO. [Downloadable!]
    14. Evgeny Lyandres & Le Sun & Lu Zhang, 2005. "Investment-Based Underperformance Following Seasoned Equity Offerings," NBER Working Papers 11459, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)

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