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A Test of the Signaling Value of IPO Underpricing with REIT IPO-SEO Pairs
16 references·6 citing·37 second hop
A Test of the Signaling Value of IPO Underpricing with REIT IPO-SEO Pairs (2000)A Test of the Signaling Value of IPO Unde…Underwriter Reputation, Initial Returns, and the Long‐Run Performance of IPO Stocks (1998)Underwriter Reputation, Initi…THE MARKET'S PROBLEMS WITH THE PRICING OF INITIAL PUBLIC OFFERINGS (1994)THE MARKET'S PROBLEMS WITH TH…The Pricing of Initial Public Offerings: A Dynamic Model with Information Production (1993)The Pricing of Initial Public…An empirical investigation of IPO returns and subsequent equity offerings (1993)An empirical investigation of…The Long‐Run Performance of initial Public Offerings (1991)The Long‐Run Performance of i…Initial Public Offerings and Underwriter Reputation (1990)Initial Public Offerings and …Signalling by underpricing in the IPO market (1989)Signalling by underpricing in…Signalling and the Pricing of New Issues (1989)Signalling and the Pricing of…Seasoned Offerings, Imitation Costs, and the Underpricing of Initial Public Offerings (1989)Seasoned Offerings, Imitation…Anatomy of Initial Public Offerings of Common Stock (1988)Anatomy of Initial Public Off…Anatomy of Initial Public Offerings of Common Stock (1988)Anatomy of Initial Public Off…Why new issues are underpriced (1986)Why new issues are underpricedInvestment banking and the capital acquisition process (1986)Investment banking and the ca…Corporate financing and investment decisions when firms have information that investors do not have (1984)Corporate financing and inves…Alternative methods for raising capital (1977)Alternative methods for raisi…Price performance of common stock new issues (1975)Price performance of common s…Information Asymmetry and REIT Capital Market Access (2018)Information Asymmetry and REI…Discounting and Underpricing of REIT Seasoned Equity Offers (2013)Discounting and Underpricing …Are REIT IPOs Unique? The Global Evidence (2013)Are REIT IPOs Unique? The Glo…Joint Leverage and Maturity Choices in Real Estate Firms: The Role of the REIT Status (2012)Joint Leverage and Maturity C…The underpricing of US REIT IPOs: 1996–2010 (2011)The underpricing of US REIT I…Factors Influencing the Direct Costs of Property Trust Ipos (2007)Factors Influencing the Direc…INFORMATIONAL ASYMMETRIES, FINANCIAL STRUCTURE, AND FINANCIAL INTERMEDIATION (1977)Valuation effects of security offerings and the issuance process (1986)Grandstanding in the venture capital industry (1996)A Model of the Demand for Investment Banking Advising and Distribution Services for New Issues (1982)Investment banking, reputation, and the underpricing of initial public offerings (1986)Information and the Cost of Capital (2004)Theory of Rational Option Pricing (1973)MEDIA LEGITIMATION EFFECTS IN THE MARKET FOR INITIAL PUBLIC OFFERINGS. (2003)Why Has IPO Underpricing Changed Over Time (2004)Theory of rational option pricing (2005)The New Issues Puzzle (1995)Myth or Reality? The Long-Run Underperformance of Initial Public Offerings: Evidence from Venture and Nonventure Capital-Backed Companies (1997)Herd Behaviour and Cascading in Capital Markets: a Review and Synthesis (2003)RISK, UNCERTAINTY, AND DIVERGENCE OF OPINION (1977)Does the Stock Market Overreact? (1985)INITIAL PUBLIC OFFERINGS (1988)Event Studies in Economics and Finance (1997)Investor Psychology and Security Market Under‐ and Overreactions (1998)Investor Sentiment and the Cross‐Section of Stock Returns (2006)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)The Pricing of Options and Corporate Liabilities (1973)Market Efficiency, Long-Term Returns, and Behavioral Finance (1997)The Effects of Market Segmentation and Investor Recognition on Asset Prices: Evidence from Foreign Stocks Listing in the United States (1999)Econometrics of Event Studies**We thank Espen Eckbo, Jon Lewellen, Adam Kolasinski, and Jay Ritter for insightful comments, and Irfan Safdar and Alan Wancier for research assistance. (2007)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Efficient Capital Markets: II (1991)Trading Is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors (2000)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)Determinants of corporate borrowing (1977)The Capital Structure Puzzle (1984)A Survey of Corporate Governance (1997)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)Conflict of Interest and the Credibility of Underwriter Analyst Recommendations (1999)Sequential Sales, Learning, and Cascades (1992)The Post-Issue Operating Performance of IPO Firms (1994)
this work references cited by second hop

References

  • 1984Corporate financing and investment decisions when firms have information that investors do not have18,936 cited
  • 1991The Long‐Run Performance of initial Public Offerings3,500 cited
  • 1986Why new issues are underpriced2,788 cited
  • 1990Initial Public Offerings and Underwriter Reputation2,442 cited
  • 1998Underwriter Reputation, Initial Returns, and the Long‐Run Performance of IPO Stocks1,510 cited
  • 1989Signalling by underpricing in the IPO market1,454 cited
  • 1989Seasoned Offerings, Imitation Costs, and the Underpricing of Initial Public Offerings1,393 cited
  • 1975Price performance of common stock new issues1,341 cited
  • 1989Signalling and the Pricing of New Issues1,049 cited
  • 1986Investment banking and the capital acquisition process979 cited
  • 1988Anatomy of Initial Public Offerings of Common Stock566 cited
  • 1977Alternative methods for raising capital550 cited
  • 1988Anatomy of Initial Public Offerings of Common Stock539 cited
  • 1994THE MARKET'S PROBLEMS WITH THE PRICING OF INITIAL PUBLIC OFFERINGS490 cited
  • 1993The Pricing of Initial Public Offerings: A Dynamic Model with Information Production461 cited

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  • 1993An empirical investigation of IPO returns and subsequent equity offerings425 cited
  • Cited by

    • 2012Joint Leverage and Maturity Choices in Real Estate Firms: The Role of the REIT Status34 cited
    • 2013Are REIT IPOs Unique? The Global Evidence32 cited
    • 2013Discounting and Underpricing of REIT Seasoned Equity Offers22 cited
    • 2018Information Asymmetry and REIT Capital Market Access20 cited
    • 2011The underpricing of US REIT IPOs: 1996–201020 cited
    • 2007Factors Influencing the Direct Costs of Property Trust Ipos14 cited