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

Du, Yu

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
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dc.description.provenance	Made available in DSpace on 2013-09-25T15:36:20Z (GMT). No. of bitstreams: 1 du_yu_mrp_2013.pdf: 790563 bytes, checksum: 060cc625a2ca3379692ec9aa20fff9d2 (MD5)	en
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.)