Accounting for the interaction between investment banks and lenders in IPO underpricing in Canada

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dc.contributor.advisor Dodds, J. C. (James Colin)
dc.coverage.spatial Canada
dc.creator Du, Yu
dc.date.accessioned 2013-09-25T15:36:20Z
dc.date.available 2013-09-25T15:36:20Z
dc.date.issued 2013
dc.identifier.uri http://library2.smu.ca/xmlui/handle/01/25221
dc.description 1 online resource (iv, 37 p.)
dc.description Includes abstract and appendices.
dc.description Includes bibliographical references (p. 23-25).
dc.description.abstract This paper investigates the effects of pre-IPO banking relationships on a firm’s IPO. Using the data set, which compares the firm’s pre-IPO banking relationships to the underwriters managing the firm’s new issue, I test whether banking relationships established before the firm’s IPO ameliorate asymmetric information problems behind high IPO underpricing. The results show that firms with a pre-IPO banking relationship with a prospective underwriter face about 45.7% lower underpricing than firms without such banking relationships. en_CA
dc.language.iso en en_CA
dc.publisher Halifax, N.S. : Saint Mary's University
dc.title Accounting for the interaction between investment banks and lenders in IPO underpricing in Canada en_CA
dc.type Text en_CA
thesis.degree.name Master of Finance
thesis.degree.level Masters
thesis.degree.discipline Sobey School of Business
thesis.degree.grantor Saint Mary's University (Halifax, N.S.)


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