The purpose of this monograph is to provide an overview of the IPO literature since 2000.
The fewer numbers of companies going public in recent years has raised many questions …

This survey reviews the literature on sell-side analysts' forecasts and their implications for
asset pricing. We review the literature on the supply and demand forces shaping analysts' …

In the 1980s, the average first-day return on initial public offerings (IPOs) was 7%. The
average first-day return doubled to almost 15% during 1990-1998, before jumping to 65 …

The likelihood and speed of forced CEO turnover–but not voluntary turnover–are positively
related to a firm's earnings management. These patterns persist in tests that consider the …

This study investigates whether geographic variation in religion-induced gambling norms
affects aggregate market outcomes. We conjecture that gambling propensity would be …

We provide evidence that analyst coverage affects security issuance. First, firms covered by
fewer analysts are less likely to issue equity as opposed to debt. They issue equity less …

We contribute to multiple agency theory by examining cases in which ventures making initial
public offerings (IPOs) have managerial agents on their boards whose goals conflict with …

We develop a theory of initial public offering (IPO) underpricing based on differentiated
underwriting services and localized competition. Even though a large number of investment …

We investigate whether analyst behavior influenced banks' likelihood of winning
underwriting mandates for a sample of 16,625 US debt and equity offerings in 1993–2002 …

Derrien [2005. Journal of Finance 60, 487–521] and Ljungqvist et al.[2006. Journal of
Business] build upon the work of Miller [1977. Journal of Finance 32, 1151–1168] and claim …