How investment bankers determine the offer price and allocation of new issues
Integrity signals
Registry
Cites
Statistics
Claims the paper makes
Claims other papers make about this one
Each is checked against this paper’s own text: does it say what the citing paper says it does?
Mechanisms such as underpricing and price stabilization are market features that address information problems.
“Mechanisms such as underpricing (Rock, 1986;Benveniste and Spindt, 1989) and price stabilization (Chowdhry and Nanda, 1996;Benveniste et al., 1996;Benveniste et al., 1998) are market features that address information problems.”
From The economics of small business finance: The roles of private equity and debt markets in the financial growth cycle (1998) · cites this paper as Benveniste and Spindt, 1989
Cited by
Sorted by citations
N. Berger, A., & F. Udell, G. (1998) · Journal of Banking & Finance · doi:10.1016/s0378-4266(98)00038-7 · Cited by 3,690 · see citing works
“Mechanisms such as underpricing (Rock 1986, Benveniste and Spindt 1989) and price stabilization (Chowdhry and Nanada 1996, Benveniste, Busaba and Wilhelm 1996, Benveniste, Erdal, and Wilhelm 1998) are market features that address information problems.”
Shipilov, A. V., & Li, S. X. (2012) · Organization Science · doi:10.1287/orsc.1100.0568 · Cited by 152 · see citing works
- Authors
- Benveniste, L. M., & Spindt, P. A.
- Affiliations
- Boston College (US)
- Venue
- Journal of Financial Economics
- Publisher
- Elsevier BV
- Published
- 1989-01
- Volume
- 24
- Issue
- 2
- Pages
- 343-361
- ISSN
- 0304-405X (ISSN-L)
- OpenAlex
- W2091957067
- Cited by
- 1,815
- References
- 0
- Citations by year
- 2026: 51 · 2025: 59 · 2024: 59 · 2023: 57 · 2022: 56 · 2021: 78 · 2020: 67 · 2019: 64 · 2018: 67 · 2017: 78 · 2016: 60 · 2015: 60 · 2014: 82 · 2013: 70 · 2012: 74
- FWCI
- 29.33
- Type
- journal article
- Language
- en
- Open access
- closed
- Locations
- Journal of Financial Economics (publishedVersion)
- Topics
- Social Sciences › Business, Management and Accounting › Accounting › Corporate Finance and Governance
- Social Sciences › Economics, Econometrics and Finance › Finance › Financial Markets and Investment Strategies
- Social Sciences › Decision Sciences › Management Science and Operations Research › Auction Theory and Applications
- Keywords
- investment bankers, underwriting, auction mechanisms, information asymmetry, underpricing
About these checks
Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.
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