The Cost of Going Bulge: A Comparative Analysis of Bulge Bracket and Non-Bulge Bracket Banks and their Impact on IPO Underpricing
This paper examines the role of investment banks in initial public offerings. More specifically, we uncover whether or not bulge bracket banks, on average, more or less underprice IPOs than non-bulge bracket counterparts. Three different models are utilized to uncover the determinants of underpricin...
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| Format: | Others |
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Scholarship @ Claremont
2014
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| Online Access: | http://scholarship.claremont.edu/cmc_theses/971 http://scholarship.claremont.edu/cgi/viewcontent.cgi?article=1860&context=cmc_theses |