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Cited by 272

The DOI matches its Crossref record; 51 of the 51 references it cites were found in a registry or an index.

The Effect of Banking Relationships on the Firm's IPO Underpricing

Open access
SCHENONE, CAROLA·2004·The Journal of Finance
DOI 10.1111/j.1540-6261.2004.00720.x
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Abstract

This paper investigates the effects of pre‐IPO banking relationships on a firm's IPO. Using a new and unique 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 informa tion problems behind high IPO underpricing. The results show that firms with a pre‐IPO banking relationship with a prospective underwriter face about 17% lower underpricing than firms without such banking relationships. These results are robust to controlling for the firm's endogenous selection of the pre‐IPO banking institution.

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Metadata

Authors
SCHENONE, C.
Venue
The Journal of Finance
Publisher
Wiley
Published
2004-12
Volume
59
Issue
6
Pages
2903-2958
ISSN
  • 0022-1082 (ISSN-L)
  • 1540-6261
DOI
10.1111/j.1540-6261.2004.00720.x
OpenAlex
W2003476310
Cited by
272
References
51
FWCI
60.07
Type
journal article
Language
en
Open access
green

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CoChat. (2026). Citation check: The Effect of Banking Relationships on the Firm's IPO Underpricing. https://app.cochat.ai/papers/10.1111/j.1540-6261.2004.00720.x
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SCHENONE, C. (2004). The Effect of Banking Relationships on the Firm's IPO Underpricing. The Journal of Finance. https://doi.org/10.1111/j.1540-6261.2004.00720.x

Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.