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The indirect economic penalties in SEC investigations of underwriters1Our thanks to Sanjai Bhagat, Mo Chaudhury, Andy Chen, Jay Ritter, Wayne Shaw, Cliff Smith (editor), Michael Vetsuypens, an anonymous referee, and workshop participants at Southern Methodist University and Tulane University for valuable comments. The financial support of the Cox School of Business at the Southern Methodist University and the Center for Finance and Accounting Research at UNC-Chapel Hill are gratefully acknowledged.1
16 references·10 citing·30 second hop
The indirect economic penalties in SEC investigations of underwriters1Our thanks to Sanjai Bhagat, Mo Chaudhury, Andy Chen, Jay Ritter, Wayne Shaw, Cliff Smith (editor), Michael Vetsuypens, an anonymous referee, and workshop participants at Southern Methodist University and Tulane University for valuable comments. The financial support of the Cox School of Business at the Southern Methodist University and the Center for Finance and Accounting Research at UNC-Chapel Hill are gratefully acknowledged.1 (1998)The indirect economic penalties in SEC in…The reputational penalty firms bear from committing criminal fraud (1996)The reputational penalty firm…The Reputational Penalty Firms Bear from Committing Criminal Fraud (1993)The Reputational Penalty Firm…The role of audits and audit quality in valuing new issues (1991)The role of audits and audit …The Financial and Market Effects of the SEC's Accounting and Auditing Enforcement Releases (1991)The Financial and Market Effe…Initial Public Offerings and Underwriter Reputation (1990)Initial Public Offerings and …Signalling by underpricing in the IPO market (1989)Signalling by underpricing in…Seasoned Offerings, Imitation Costs, and the Underpricing of Initial Public Offerings (1989)Seasoned Offerings, Imitation…The costs of going public (1987)The costs of going publicInvestment banking, reputation, and the underpricing of initial public offerings (1986)Investment banking, reputatio…Information quality and the valuation of new issues (1986)Information quality and the v…Capital raising, underwriting and the certification hypothesis (1986)Capital raising, underwriting…Reputation and Product Quality (1984)Reputation and Product QualityThe Role of Market Forces in Assuring Contractual Performance (1981)The Role of Market Forces in …Intra-industry information transfers associated with earnings releases (1981)Intra-industry information tr…Estimating betas from nonsynchronous data (1977)Estimating betas from nonsync…The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)The Market for "Lemons": Qual…All bark and no bite: the political economy of bank fines in Anglo-America (2019)All bark and no bite: the pol…Safety crises and R&D outsourcing alliances: Which governance mode minimizes negative spillovers? (2018)Safety crises and R&D outsour…Proactive Financial Reporting Enforcement and Shareholder Wealth (2017)Proactive Financial Reporting…Corporate Reputation’s Invisible Hand: Bribery, Rational Choice, and Market Penalties (2016)Corporate Reputation’s Invisi…Prestige without purpose? Reputation, differentiation, and pricing in U.S. equity underwriting (2015)Prestige without purpose? Rep…Deliberate premarket underpricing and aftermarket mispricing: New insights on IPO pricing (2015)Deliberate premarket underpri…The IPO Underwriting Market Share in China: Do Ownership and Quality Matter? (2014)The IPO Underwriting Market S…Toward an Input-Based Perspective on Categorization: Investor Reactions to Chemical Accidents (2013)Toward an Input-Based Perspec…"Then Let's Have a Dialogue": Interdependence and Negotiation in a Cohesive Regulatory System (2006)"Then Let's Have a Dialogue":…Shareholder Diversification and the Decision to Go Public (2005)Shareholder Diversification a…Why new issues are underpriced (1986)Underwriter Reputation, Initial Returns, and the Long‐Run Performance of IPO Stocks (1998)Corporate financing and investment decisions when firms have information that investors do not have (1984)Dividend Policy under Asymmetric Information (1985)IPO Pricing in the Dot‐com Bubble (2003)INFORMATIONAL ASYMMETRIES, FINANCIAL STRUCTURE, AND FINANCIAL INTERMEDIATION (1977)The Determination of Financial Structure: The Incentive-Signalling Approach (1977)Imperfect Information, Dividend Policy, and "The Bird in the Hand" Fallacy (1979)Valuation effects of security offerings and the issuance process (1986)Grandstanding in the venture capital industry (1996)A Subordinated Stochastic Process Model with Finite Variance for Speculative Prices (1973)An Intertemporal Capital Asset Pricing Model (1973)Conditional Heteroskedasticity in Asset Returns: A New Approach (1991)Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)Illiquidity and stock returns: cross-section and time-series effects (2002)Investment banking and the capital acquisition process (1986)The Long‐Run Performance of initial Public Offerings (1991)Initial public offerings: International insights (1994)Job Market Signaling (1973)Transaction-Cost Economics: The Governance of Contractual Relations (1979)The Digitization of Word of Mouth: Promise and Challenges of Online Feedback Mechanisms (2003)Buzz: face-to-face contact and the urban economy (2004)The Impact of Social Structure on Economic Outcomes (2005)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)Conflict of Interest and the Credibility of Underwriter Analyst Recommendations (1999)The Evolution of Cooperation (1981)The Resource-Based Theory of Competitive Advantage: Implications for Strategy Formulation (1991)
this work references cited by second hop

References

  • 1970The Market for "Lemons": Quality Uncertainty and the Market Mechanism22,977 cited
  • 1981The Role of Market Forces in Assuring Contractual Performance3,652 cited
  • 1977Estimating betas from nonsynchronous data2,751 cited
  • 1986Investment banking, reputation, and the underpricing of initial public offerings2,581 cited
  • 1990Initial Public Offerings and Underwriter Reputation2,442 cited
  • 1989Signalling by underpricing in the IPO market1,454 cited
  • 1989Seasoned Offerings, Imitation Costs, and the Underpricing of Initial Public Offerings1,393 cited
  • 1986Information quality and the valuation of new issues1,180 cited
  • 1986Capital raising, underwriting and the certification hypothesis952 cited
  • 1987The costs of going public701 cited
  • 1991The Financial and Market Effects of the SEC's Accounting and Auditing Enforcement Releases689 cited
  • 1981Intra-industry information transfers associated with earnings releases592 cited
  • 1993The Reputational Penalty Firms Bear from Committing Criminal Fraud555 cited
  • 1991The role of audits and audit quality in valuing new issues484 cited
  • 1984Reputation and Product Quality468 cited

Only edges whose both ends are imported exist here. Widen the year window, or show the whole map. Back to the work

  • 1996The reputational penalty firms bear from committing criminal fraud434 cited
  • Cited by

    • 2016Corporate Reputation’s Invisible Hand: Bribery, Rational Choice, and Market Penalties97 cited
    • 2013Toward an Input-Based Perspective on Categorization: Investor Reactions to Chemical Accidents74 cited
    • 2017Proactive Financial Reporting Enforcement and Shareholder Wealth60 cited
    • 2006"Then Let's Have a Dialogue": Interdependence and Negotiation in a Cohesive Regulatory System38 cited
    • 2014The IPO Underwriting Market Share in China: Do Ownership and Quality Matter?35 cited
    • 2015Prestige without purpose? Reputation, differentiation, and pricing in U.S. equity underwriting33 cited
    • 2005Shareholder Diversification and the Decision to Go Public31 cited
    • 2019All bark and no bite: the political economy of bank fines in Anglo-America31 cited
    • 2015Deliberate premarket underpricing and aftermarket mispricing: New insights on IPO pricing27 cited
    • 2018Safety crises and R&D outsourcing alliances: Which governance mode minimizes negative spillovers?18 cited