When the Underwriter Is the Market Maker: An Examination of Trading in the IPO Aftermarket

The Long‐Run Performance of initial Public Offerings

1991 • 3,447 citations

Inferring Trade Direction from Intraday Data

1991 • 2,983 citations

Why new issues are underpriced

1986 • 2,752 citations

Investment banking, reputation, and the underpricing of initial public offerings

1986 • 2,555 citations

Initial Public Offerings and Underwriter Reputation

1990 • 2,505 citations

How investment bankers determine the offer price and allocation of new issues

1989 • 1,840 citations

Conflict of Interest and the Credibility of Underwriter Analyst Recommendations

1999 • 1,595 citations

Signalling by underpricing in the IPO market

1989 • 1,463 citations

Price performance of common stock new issues

1975 • 1,377 citations

Seasoned Offerings, Imitation Costs, and the Underpricing of Initial Public Offerings

1989 • 1,239 citations

The underpricing of initial public offerings and the partial adjustment phenomenon

1993 • 1,014 citations

The Seven Percent Solution

2000 • 823 citations

The Pricing of Initial Public Offerings: Tests of Adverse-Selection and Signaling Theories

1994 • 735 citations

Signaling by Underpricing in the IPO Market

1989 • 509 citations

The Persistence of IPO Mispricing and the Predictive Power of Flipping

1999 • 386 citations

Effects of Market Reform on the Trading Costs and Depths of Nasdaq Stocks

1999 • 351 citations

Conflict of interest and the credibility of underwriter analyst recommendations

1999 • 260 citations

Aftermarket support and underpricing of initial public offerings

1994 • 232 citations

Price stabilization in the market for new issues

1993 • 232 citations

Stabilization, Syndication, and Pricing of IPOs

1996 • 173 citations

Price stabilization as a bonding mechanism in new equity issues

1996 • 149 citations

The Marketing of Closed-end Fund IPOs: Evidence from Transactions Data

1996 • 137 citations

Optimal Exercise of the Over-Allotment Option in IPOs

1992 • 28 citations

The Use of the Over-Allotment Option in Initial Public Offerings of Equity: Risks and Underwriter Prestige

1990 • 24 citations