Underwriter Reputation and IPO Returns A Re Evaluation for an Emerging Market 3

Date

2004-05-01

Author

Danışoğlu, Seza
Güner, Zehra Nuray

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URI

https://hdl.handle.net/11511/86341

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Underwriter Reputation and Short Run IPO Returns Evidence from an Emerging Market Danışoğlu, Seza; Güner, Zehra Nuray (null; 2000-09-01) This study examines the effect of underwriter reputation on the initial-day IPO returns in an emerging market. It uses both a traditional and an extended model given the characteristics of the IPO market under analysis. The results from the traditional model indicate that underwriter reputation does not affect the initial day IPO returns. However, after controlling for factors that are important in determining the price of an IPO in an emerging market, a complex relationship between underwriter reputation m...
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Citation Formats

S. Danışoğlu and Z. N. Güner, “Underwriter Reputation and IPO Returns A Re Evaluation for an Emerging Market 3,” 2004, Accessed: 00, 2021. [Online]. Available: https://hdl.handle.net/11511/86341.