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Valuation uncertainty, institutional involvement, and the underpricing of IPOs: The case of REITs
16 references·16 citing·28 second hopsampled
Valuation uncertainty, institutional involvement, and the underpricing of IPOs: The case of REITs (1997)Valuation uncertainty, institutional invo…Underwriter Reputation, Initial Returns, and the Long‐Run Performance of IPO Stocks (1998)Underwriter Reputation, Initi…The Pricing of Initial Public Offerings: Tests of Adverse-Selection and Signaling Theories (1994)The Pricing of Initial Public…THE MARKET'S PROBLEMS WITH THE PRICING OF INITIAL PUBLIC OFFERINGS (1994)THE MARKET'S PROBLEMS WITH TH…The investment opportunity set and corporate financing, dividend, and compensation policies (1992)The investment opportunity se…Initial Public Offerings and Underwriter Reputation (1990)Initial Public Offerings and …Initial Public Offerings and Underwriter Reputation (1990)Initial Public Offerings and …Signalling by underpricing in the IPO market (1989)Signalling by underpricing in…Signaling by Underpricing in the IPO Market (1989)Signaling by Underpricing in …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…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, reputation, and the underpricing of initial public offerings (1986)Investment banking, reputatio…Investment banking and the capital acquisition process (1986)Investment banking and the ca…Information quality and the valuation of new issues (1986)Information quality and the v…The "Hot Issue" Market of 1980 (1984)The "Hot Issue" Market of 1980REIT Institutional Ownership Dynamics and the Financial Crisis (2012)REIT Institutional Ownership …AN OVERVIEW OF EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS): 1993–2009 (2011)AN OVERVIEW OF EQUITY REAL ES…Further Evidence on the Capital Structure of REITs (2010)Further Evidence on the Capit…Financial Opacity and Firm Performance: The Readability of REIT Annual Reports (2010)Financial Opacity and Firm Pe…The Role of Corporate Governance in Initial Public Offerings: Evidence from Real Estate Investment Trusts (2008)The Role of Corporate Governa…The Effect of Corporate Governance on Investment: Evidence from Real Estate Investment Trusts (2006)The Effect of Corporate Gover…Real Estate and Economies of Scale: The Case of REITs (2005)Real Estate and Economies of …Public Versus Private Real Estate Equities: A More Refined, Long-Term Comparison (2005)Public Versus Private Real Es…Intra-industry momentum: the case of REITs (2003)Intra-industry momentum: the …Controlling for the Impact of Variable Liquidity in Commercial Real Estate Price Indices (2003)Controlling for the Impact of…Confronting Information Asymmetries: Evidence from Real Estate Markets (2003)Confronting Information Asymm…Board Independence, Ownership Structure and Performance: Evidence from Real Estate Investment Trusts (2003)Board Independence, Ownership…The Pricing of Seasoned Equity Offerings: Evidence from REITs (2000)The Pricing of Seasoned Equit…Confronting Information Asymmetries: Evidence from Real Estate Markets (2000)Confronting Information Asymm…The information content of funds from operations (FFO) for real estate investment trusts (REITs) (1999)The information content of fu…Institutional Investment in REITs: Evidence and Implications (1998)Institutional Investment in R…The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)The Role of Market Forces in Assuring Contractual Performance (1981)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)Determinants of corporate borrowing (1977)Corporate financing and investment decisions when firms have information that investors do not have (1984)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Higher market valuation of companies with a small board of directors (1996)Corporate governance, chief executive officer compensation, and firm performance (1999)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)A Model of the Demand for Investment Banking Advising and Distribution Services for New Issues (1982)Information and the Cost of Capital (2004)Theory of Rational Option Pricing (1973)MEDIA LEGITIMATION EFFECTS IN THE MARKET FOR INITIAL PUBLIC OFFERINGS. (2003)Theory of rational option pricing (2005)The Long‐Run Performance of initial Public Offerings (1991)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)Why Has IPO Underpricing Changed Over Time? (2002)Why Has IPO Underpricing Changed Over Time (2004)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)
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References

  • 1992The investment opportunity set and corporate financing, dividend, and compensation policies3,591 cited
  • 1986Why new issues are underpriced2,788 cited
  • 1986Investment banking, reputation, and the underpricing of initial public offerings2,581 cited
  • 1990Initial Public Offerings and Underwriter Reputation2,442 cited
  • 1989How investment bankers determine the offer price and allocation of new issues1,815 cited
  • 1984The "Hot Issue" Market of 19801,586 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
  • 1986Information quality and the valuation of new issues1,180 cited
  • 1986Investment banking and the capital acquisition process979 cited
  • 1994The Pricing of Initial Public Offerings: Tests of Adverse-Selection and Signaling Theories714 cited
  • 1988Anatomy of Initial Public Offerings of Common Stock566 cited
  • 1994THE MARKET'S PROBLEMS WITH THE PRICING OF INITIAL PUBLIC OFFERINGS490 cited
  • 1989Signaling by Underpricing in the IPO Market

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439 cited
  • 1990Initial Public Offerings and Underwriter Reputation391 cited
  • Cited by

    • 2003Confronting Information Asymmetries: Evidence from Real Estate Markets303 cited
    • 2003Controlling for the Impact of Variable Liquidity in Commercial Real Estate Price Indices266 cited
    • 2005Public Versus Private Real Estate Equities: A More Refined, Long-Term Comparison195 cited
    • 1998Institutional Investment in REITs: Evidence and Implications146 cited
    • 2000The Pricing of Seasoned Equity Offerings: Evidence from REITs144 cited
    • 2006The Effect of Corporate Governance on Investment: Evidence from Real Estate Investment Trusts142 cited
    • 2010Further Evidence on the Capital Structure of REITs133 cited
    • 2003Board Independence, Ownership Structure and Performance: Evidence from Real Estate Investment Trusts133 cited
    • 2003Intra-industry momentum: the case of REITs127 cited
    • 1999The information content of funds from operations (FFO) for real estate investment trusts (REITs)124 cited
    • 2011AN OVERVIEW OF EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS): 1993–2009113 cited
    • 2005Real Estate and Economies of Scale: The Case of REITs112 cited
    • 2008The Role of Corporate Governance in Initial Public Offerings: Evidence from Real Estate Investment Trusts111 cited
    • 2010Financial Opacity and Firm Performance: The Readability of REIT Annual Reports100 cited
    • 2012REIT Institutional Ownership Dynamics and the Financial Crisis82 cited
    • 2000Confronting Information Asymmetries: Evidence from Real Estate Markets81 cited