Manipulation, the allocational role of prices and production externalities
We provide evidence that firms attempting IPOs condition offer terms and the decision whether to carry through with an offering on the experience of their primary market contemporaries. Moreover, while initial returns and IPO volume are positively correlated in the aggregate, the correlation is nega...
Main Authors: | Guembel, A, Goldstein, I |
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Format: | Working paper |
Published: |
University of Oxford
2002
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