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Citations for "Why new issues are underpriced"

by Rock, Kevin

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Cited by (explanations, 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.):
  1. Michael J. Brennan & Anjan V. Thakor, 2004. "Shareholder Preferences and Dividend Policy," Finance 0411017, EconWPA. [Downloadable!]
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  2. Merton, Robert C., 1986. "Capital market theory and the pricing of financial securities," Working papers 1818-86., Massachusetts Institute of Technology (MIT), Sloan School of Management. [Downloadable!]
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  3. Acharya, Viral V., 2009. "A Theory of Systemic Risk and Design of Prudential Bank Regulation," CEPR Discussion Papers 7164, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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  4. 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)
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  5. Acharya, Viral V, 2002. "Is the International Convergence of Capital Adequacy Regulation Desirable?," CEPR Discussion Papers 3253, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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  6. William J. Wilhelm & Alexander Ljungqvist, 2002. "IPO Pricing in the Dot-com Bubble," OFRC Working Papers Series 2002fe07, Oxford Financial Research Centre. [Downloadable!]
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  7. Stavros Peristiani, 2003. "Evaluating the riskiness of initial public offerings: 1980-2000," Staff Reports 167, Federal Reserve Bank of New York. [Downloadable!]
  8. Kenbata Bangassa, 2000. "Performance Of The UK Investment Trust IPO's," Research Papers 2000_20, University of Liverpool Management School. [Downloadable!]
  9. 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)
  10. 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!]
  11. 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)
  12. 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!]
  13. 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!]
  14. 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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  15. Rahnema, Ahmad & Fernández, Pablo, 1993. "Initial public offerings (IPOs): The Spanish experience," IESE Research Papers D/243, IESE Business School. [Downloadable!]
  16. Diwan, Ishac & Errunza, Vihang & Senbet, Lemma W., 1993. "Empirical perspectives on national index funds," Policy Research Working Paper Series 1206, The World Bank. [Downloadable!]
  17. Naoki Kojima, 2007. "IPO share allocation and conflicts of interest," Annals of Finance, Springer, vol. 3(3), pages 369-387, July. [Downloadable!] (restricted)
  18. Qiao, Yongyuan, 2008. "Analysis into IPO underpricing and clustering in Hong Kong equity market," MPRA Paper 7876, University Library of Munich, Germany. [Downloadable!]
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  19. 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!]
  20. 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)
  21. Maher Kooli & Jean-Marc Suret, 2001. "The Underpricing of Initial Public Offerings: Further Canadian Evidence," CIRANO Working Papers 2001s-50, CIRANO. [Downloadable!]
  22. Ravi Jagannathan & Ann E. Sherman, 2006. "Why Do IPO Auctions Fail?," NBER Working Papers 12151, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  23. 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!]
  24. 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)
  25. Erik Lehmann & Jürgen Weigand, 1998. "Wieviel Phantasie braucht die Fußballaktie?," Thuenen-Series of Applied Economic Theory 16, University of Rostock, Institute of Economics, Germany. [Downloadable!]
  26. 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!]
  27. 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)
  28. Boudriga, Abdelkader & Ben Slama, Sarra & Boulila, Neila, 2009. "What determines IPO underpricing ? Evidence from a frontier market," MPRA Paper 18069, University Library of Munich, Germany. [Downloadable!]
  29. 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!]
  30. 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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  31. 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!]
  32. 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!]
  33. 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!]
  34. 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!]
  35. 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!]
  36. 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!]
  37. 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!]
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  38. Perotti, Enrico C & van Oijen, Pieter, 1999. "Privatization, Political Risk and Stock Market Development," CEPR Discussion Papers 2243, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
  39. 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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  40. 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!]
  41. Hendrik Hakenes & Isabel Schnabel, 2006. "Bank Size and Risk-Taking under Basel II," Discussion Papers 88, 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!]
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  42. Gary Charness & Dan Levin, 2005. "The Origin of the Winner’s Curse: A Laboratory Study," Levine's Bibliography 666156000000000602, UCLA Department of Economics. [Downloadable!]
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  43. Bill Francis & Iftekhar Hasan, 2001. "The Underpricing of Venture and Nonventure Capital IPOs: An Empirical Investigation," Journal of Financial Services Research, Springer, vol. 19(2), pages 99-113, April. [Downloadable!] (restricted)
  44. 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!]
  45. 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!]
  46. 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!]
  47. 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)
  48. 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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  49. 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!]
  50. 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)
  51. 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!]
  52. 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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  53. 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)
  54. Archishman Chakraborty & Bilge Yilmaz, 2003. "Multi-stage financing and the winner's curse," Economics Bulletin, AccessEcon, vol. 4(32), pages 1-8. [Downloadable!]
  55. 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!]
  56. Pagano, Marco & Volpin, Paolo, 2008. "Securitization, Transparency and Liquidity," CEPR Discussion Papers 7105, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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  57. Mayur, Manas & Kumar, Manoj, 2006. "An Empirical Investigation of Going Public Decision of Indian Companies," MPRA Paper 1801, University Library of Munich, Germany. [Downloadable!]
  58. 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!]
  59. 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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  60. 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)
  61. Dimitris Kenourgios & Spyros Papathanasiou & Emmanouil Rafail Melas, 2005. "Initial Performance of Greek IPOs, Underwriter’s Reputation and Oversubscription," Finance 0512023, EconWPA. [Downloadable!]
  62. 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)
  63. 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!]
  64. 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!]
  65. 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)
  66. Naoki Kojima, 2000. "The Initial Public Offering from a Tripartite Point of View," Econometric Society World Congress 2000 Contributed Papers 1318, Econometric Society. [Downloadable!]
  67. 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!]
  68. Philip Bond & David K. Musto & Bilge Yilmaz, 2006. "Predatory lending in rational world," Working Papers 06-2, Federal Reserve Bank of Philadelphia. [Downloadable!]
  69. Steven Dolvin & Mark Pyles, 2009. "REIT IPOs and the Cost of Going Public," The Journal of Real Estate Finance and Economics, Springer, vol. 39(1), pages 92-106, July. [Downloadable!] (restricted)
  70. 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!]
  71. 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!]
  72. Berglund, T., 1994. "The Pricing of Initial Public Offerings : A Simple Model," Research Memorandum 673, Tilburg University, Faculty of Economics and Business Administration. [Downloadable!]
  73. Vicente Pons-Sanz, 2005. "Who benefits from IPO underpricing? Evidence form hybrid bookbuilding offerings," Working Paper Series 428, European Central Bank. [Downloadable!]
  74. Helmenstein, Christian, 1995. "The Withdrawal of the State from Economic Activity: An Austrian Capital Market Perspective," Economics Series 19, Institute for Advanced Studies. [Downloadable!]
  75. 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)
  76. 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)
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  77. Eijgenhuijsen, Hans & Valk, Rob van der, 1997. "Initial public offerings in Mexico and Argentina: 1991-1994 Initial public offerings in Mexico and Argentina : 1991 - 1994," Serie Research Memoranda 0009, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics. [Downloadable!]
  78. 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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  79. 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)
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  80. R. Stehle & O. Ehrhardt, . "Renditen bei B"orseneinf"uhrungen am deutschen Kapitalmarkt," Sonderforschungsbereich 373 1996-89, Humboldt Universitaet Berlin.
  81. Ljungqvist, Alexander P, 2003. "Conflicts of Interest and Efficient Contracting in IPOs," CEPR Discussion Papers 4163, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
  82. 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!]
  83. 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)
  84. Cornelli, Francesca & Goldreich, David, 1999. "Bookbuilding and Strategic Allocation," CEPR Discussion Papers 2160, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
  85. Pegaret Pichler & William Wilhelm, 2001. "A Theory of the Syndicate: Form Follows Function," OFRC Working Papers Series 2001fe05, Oxford Financial Research Centre. [Downloadable!]
  86. 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)
  87. Kwang Soo Cheong, 1999. "Asymmetric Information, Capital and Ownership Structures and Corporate Income Taxation," Working Papers 199904, University of Hawaii at Manoa, Department of Economics. [Downloadable!]
  88. 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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  89. 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!]
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