The IPO and first seasoned equity sale: Issue proceeds, owner/managers' wealth, and the underpricing signal

Recent models of IPO underpricing suggest that high-quality firms underprice their IPOs to differentiate themselves from low-quality firms and, thus, receive a more favorable market response to subsequent equity offerings. We test this suggestion for 172 industrial firms that made an initial public...

Ausführliche Beschreibung

Gespeichert in:

Bibliographische Detailangaben
Veröffentlicht in:	Journal of banking & finance 1997-07, Vol.21 (7), p.967-988
Hauptverfasser:	Katherine Spiess, D., Pettway, Richard H.
Format:	Artikel
Sprache:	eng
Schlagworte:	Banking Corporate finance Economic models Equity Going public Impact analysis Industrial enterprises Initial Public Offering Initial public offerings IPOs Ownership Prices Pricing Pricing policies Proceeds Sales Seasoned equity offerings Stock offerings Stock prices Studies Underpricing Valuation
Online-Zugang:	Volltext
Tags:	Tag hinzufügen Keine Tags, Fügen Sie den ersten Tag hinzu!

Schreiben Sie den ersten Kommentar!