Global integration in primary equity markets: the role of U.S. banks and U.S. investors
We examine the costs and benefits of the global integration of primary equity markets associated with the parallel diffusion of U.S. underwriting methods. We analyze both direct and indirect costs (associated with underpricing) using a unique dataset of 2,143 IPOs by non-U.S. issuers from 65 countri...
| Main Authors: | , , |
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| Format: | Working paper |
| Udgivet: |
University of Oxford
2001
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