Competitive IPOs
Competition between investment banks for lead underwriter mandates in IPOs is fierce, but having committed to a particular bank, the power of the issuer is greatly reduced. Although information revelation theories justify giving the underwriters influence over pricing and allocation, this creates th...
| Κύριοι συγγραφείς: | , |
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| Μορφή: | Journal article |
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Blackwell Publishing Ltd.
2009
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