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Testing for Deliberate Underpricing in the IPO Premarket: A Stochastic Frontier Approach
16 references·16 citing·31 second hopsampled
Testing for Deliberate Underpricing in the IPO Premarket: A Stochastic Frontier Approach (1996)Testing for Deliberate Underpricing in th…Sequential Sales, Learning, and Cascades (1992)Sequential Sales, Learning, a…The Long‐Run Performance of initial Public Offerings (1991)The Long‐Run Performance of i…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…How investment bankers determine the offer price and allocation of new issues (1989)How investment bankers determ…INITIAL PUBLIC OFFERINGS (1988)INITIAL PUBLIC OFFERINGSWhy new issues are underpriced (1986)Why new issues are underpricedInvestment banking, reputation, and the underpricing of initial public offerings (1986)Investment banking, reputatio…The "Hot Issue" Market of 1980 (1984)The "Hot Issue" Market of 1980On the estimation of technical inefficiency in the stochastic frontier production function model (1982)On the estimation of technica…A Model of the Demand for Investment Banking Advising and Distribution Services for New Issues (1982)A Model of the Demand for Inv…Informational Asymmetries, Financial Structure, and Financial Intermediation (1977)Informational Asymmetries, Fi…INFORMATIONAL ASYMMETRIES, FINANCIAL STRUCTURE, AND FINANCIAL INTERMEDIATION (1977)INFORMATIONAL ASYMMETRIES, FI…Formulation and estimation of stochastic frontier production function models (1977)Formulation and estimation of…Price performance of common stock new issues (1975)Price performance of common s…Registration system and IPO pricing efficiency: Evidence from China (2023)Registration system and IPO p…Initial and After-market Performance of SME IPOs in India (2017)Initial and After-market Perf…Market Reforms, Legal Changes and Bank Risk-Taking – Evidence from Transition Economies (2011)Market Reforms, Legal Changes…Corporate R&D and firm efficiency: evidence from Europe’s top R&D investors (2011)Corporate R&D and firm effici…New evidence on the pricing and performance of initial public offerings in Thailand, 1997–2008 (2010)New evidence on the pricing a…Firm Characteristics, Relative Efficiency, and Equity Returns (2009)Firm Characteristics, Relativ…The growth in equity market size and trading activity: An international study (2006)The growth in equity market s…Loan loss provision decisions: An empirical analysis of the Spanish depository institutions (2005)Loan loss provision decisions…Alternative efficiency measures for multiple-output production (2004)Alternative efficiency measur…IPO Underpricing: A Meta-Analysis and Research Synthesis (2003)IPO Underpricing: A Meta-Anal…Impact of the Penny Stock Reform Act of 1990 on the Initial Public Offering Market (2003)Impact of the Penny Stock Ref…Bankruptcy Risk and Productive Efficiency in Manufacturing Firms (2003)Bankruptcy Risk and Productiv…The valuation of IPO and SEO firms (2001)The valuation of IPO and SEO …The Underpricing of Venture and Nonventure Capital IPOs: An Empirical Investigation (2001)The Underpricing of Venture a…Firm Value and Managerial Incentives: A Stochastic Frontier Approach (2000)Firm Value and Managerial Inc…How Does Underwriter Price Support Affect Ipos? Empirical Evidence (1998)How Does Underwriter Price Su…The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)The Role of Market Forces in Assuring Contractual Performance (1981)Initial Public Offerings and Underwriter Reputation (1990)Underwriter Reputation, Initial Returns, and the Long‐Run Performance of IPO Stocks (1998)The Measurement of Productive Efficiency (1957)A model for technical inefficiency effects in a stochastic frontier production function for panel data (1995)Estimation and inference in two-stage, semi-parametric models of production processes (2005)Efficiency Estimation from Cobb-Douglas Production Functions with Composed Error (1977)Prediction of firm-level technical efficiencies with a generalized frontier production function and panel data (1988)Frontier production functions, technical efficiency and panel data: With application to paddy farmers in India (1992)Problem loans and cost efficiency in commercial banks (1997)RISK, UNCERTAINTY, AND DIVERGENCE OF OPINION (1977)Does the Stock Market Overreact? (1985)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)Job Market Signaling (1973)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Determinants of corporate borrowing (1977)Corporate financing and investment decisions when firms have information that investors do not have (1984)Financial Intermediation and Delegated Monitoring (1984)Why Has IPO Underpricing Changed Over Time? (2002)Why Has IPO Underpricing Changed Over Time (2004)Information and the Cost of Capital (2004)Grandstanding in the venture capital industry (1996)Conflict of Interest and the Credibility of Underwriter Analyst Recommendations (1999)The economics of small business finance: The roles of private equity and debt markets in the financial growth cycle (1998)A Review of IPO Activity, Pricing, and Allocations (2002)Whom You Know Matters: Venture Capital Networks and Investment Performance (2007)The Benefits of Lending Relationships: Evidence from Small Business Data (1994)The Economic Consequences of Legal Origins (2008)
this work references cited by second hop· second hop is a sample of the most-cited connections

References

  • 1977Formulation and estimation of stochastic frontier production function models10,129 cited
  • 1977INFORMATIONAL ASYMMETRIES, FINANCIAL STRUCTURE, AND FINANCIAL INTERMEDIATION4,056 cited
  • 1977Informational Asymmetries, Financial Structure, and Financial Intermediation3,772 cited
  • 1991The Long‐Run Performance of initial Public Offerings3,500 cited
  • 1982On the estimation of technical inefficiency in the stochastic frontier production function model3,446 cited
  • 1986Why new issues are underpriced2,788 cited
  • 1986Investment banking, reputation, and the underpricing of initial public offerings2,581 cited
  • 1989How investment bankers determine the offer price and allocation of new issues1,815 cited
  • 1984The "Hot Issue" Market of 19801,586 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
  • 1992Sequential Sales, Learning, and Cascades1,301 cited
  • 1988INITIAL PUBLIC OFFERINGS1,183 cited
  • 1989Signalling and the Pricing of New Issues1,049 cited

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  • 1982A Model of the Demand for Investment Banking Advising and Distribution Services for New Issues931 cited
  • Cited by

    • 2011Corporate R&D and firm efficiency: evidence from Europe’s top R&D investors108 cited
    • 2001The Underpricing of Venture and Nonventure Capital IPOs: An Empirical Investigation96 cited
    • 2009Firm Characteristics, Relative Efficiency, and Equity Returns90 cited
    • 2004Alternative efficiency measures for multiple-output production69 cited
    • 2003Bankruptcy Risk and Productive Efficiency in Manufacturing Firms52 cited
    • 2005Loan loss provision decisions: An empirical analysis of the Spanish depository institutions50 cited
    • 2003IPO Underpricing: A Meta-Analysis and Research Synthesis47 cited
    • 2001The valuation of IPO and SEO firms47 cited
    • 2000Firm Value and Managerial Incentives: A Stochastic Frontier Approach46 cited
    • 2010New evidence on the pricing and performance of initial public offerings in Thailand, 1997–200842 cited
    • 2003Impact of the Penny Stock Reform Act of 1990 on the Initial Public Offering Market38 cited
    • 2006The growth in equity market size and trading activity: An international study35 cited
    • 2017Initial and After-market Performance of SME IPOs in India34 cited
    • 2011Market Reforms, Legal Changes and Bank Risk-Taking – Evidence from Transition Economies34 cited
    • 1998How Does Underwriter Price Support Affect Ipos? Empirical Evidence32 cited
    • 2023Registration system and IPO pricing efficiency: Evidence from China31 cited