The Underwriter Spread and the Underpricing of REIT IPOs
碩士 === 元智大學 === 財務金融研究所 === 91 === Previous studies document the reversal in the initial day returns of REIT IPOs from overpricing in the 1980s to underpricing in the 1990s. Simultaneously, the spreads received by underwriters in REIT IPOs decrease significantly in the 1990s. We attribute the conver...
| Main Authors: | , |
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| Other Authors: | |
| Format: | Others |
| Language: | en_US |
| Published: |
2003
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| Online Access: | http://ndltd.ncl.edu.tw/handle/52332159198611999155 |