Evidence of Information Spillovers in the Production of Investment Banking Services

We provide evidence that firms attempting IPOs condition offer terms and the decision whether to carry through with an offering on the experience of their primary market contemporaries. Moreover, while initial returns and IPO volume are positively correlated in the aggregate, the correlation is nega...

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Veröffentlicht in:	The Journal of finance (New York) 2003-04, Vol.58 (2), p.577-608
Hauptverfasser:	Benveniste, Lawrence M., Ljungqvist, Alexander, Wilhelm, William J., Yu, Xiaoyun
Format:	Artikel
Sprache:	eng
Schlagworte:	Bundling Business structures Capital costs Coefficients Industrial market Industry Information production Initial public offerings Investment banking Investors Mathematical models Statistical analysis Studies
Online-Zugang:	Volltext
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