| dc.contributor | 財管系 | |
| dc.creator (作者) | Bradley, Daniel;湛可南;Kim, Joonghyuk.;Singh, Ajai | |
| dc.creator (作者) | Bradley, Daniel;Chan, Konan;Kim, Joonghyuk.;Singh, Ajai | |
| dc.date (日期) | 2008-06 | |
| dc.date.accessioned | 8-一月-2015 18:03:11 (UTC+8) | - |
| dc.date.available | 8-一月-2015 18:03:11 (UTC+8) | - |
| dc.date.issued (上傳時間) | 8-一月-2015 18:03:11 (UTC+8) | - |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/72717 | - |
| dc.description.abstract (摘要) | Analyst coverage has been cited increasingly as an important attribute in the selection of an underwriter for a firm about to go public. However, it has also been alleged that affiliated analysts provide biased research. In this study, we examine these interrelated issues by examining the long-run performance of IPOs with coverage from their managing underwriters in a 1993–2003 sample. We find that (1) analysts’ research coverage from their managing syndicate is not related to long-run performance; (2) long-run performance is not different for firms that receive all-star analyst coverage; and (3) investors are not systematically worse off for following lead underwriter recommendations. | |
| dc.format.extent | 200863 bytes | - |
| dc.format.mimetype | application/pdf | - |
| dc.relation (關聯) | Journal of Banking and Finance, 32(6), 1120-1132 | |
| dc.subject (關鍵詞) | Analysts’ research coverage; Initial public offers; Long-run performance | |
| dc.title (題名) | Are There Long-Run Implications of Analyst Coverage for IPOs? | |
| dc.type (資料類型) | article | en |
