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Are there long-run implications of analyst coverage for IPOs?
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| DC Field | Value | Language |
|---|---|---|
| dc.contributor.author | Bradley, Daniel | - |
| dc.contributor.author | Chan, Konan | - |
| dc.contributor.author | Kim, Joonghyuk | - |
| dc.contributor.author | Singh, Ajai | - |
| dc.date.accessioned | 2021-09-09T07:52:24Z | - |
| dc.date.available | 2021-09-09T07:52:24Z | - |
| dc.date.created | 2021-06-10 | - |
| dc.date.issued | 2008-06 | - |
| dc.identifier.issn | 0378-4266 | - |
| dc.identifier.uri | https://scholar.korea.ac.kr/handle/2021.sw.korea/123457 | - |
| dc.description.abstract | 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. (C) 2007 Elsevier B.V. All rights reserved. | - |
| dc.language | English | - |
| dc.language.iso | en | - |
| dc.publisher | ELSEVIER SCIENCE BV | - |
| dc.subject | INITIAL PUBLIC OFFERINGS | - |
| dc.subject | UNDERWRITER REPUTATION | - |
| dc.subject | OPERATING PERFORMANCE | - |
| dc.subject | MARKET-EFFICIENCY | - |
| dc.subject | EMPIRICAL POWER | - |
| dc.subject | TEST STATISTICS | - |
| dc.subject | STOCK RETURNS | - |
| dc.subject | FIRMS | - |
| dc.subject | RECOMMENDATIONS | - |
| dc.subject | SPECIFICATION | - |
| dc.title | Are there long-run implications of analyst coverage for IPOs? | - |
| dc.type | Article | - |
| dc.contributor.affiliatedAuthor | Kim, Joonghyuk | - |
| dc.identifier.doi | 10.1016/j.jbankfin.2007.09.021 | - |
| dc.identifier.scopusid | 2-s2.0-43049171968 | - |
| dc.identifier.wosid | 000256742700018 | - |
| dc.identifier.bibliographicCitation | JOURNAL OF BANKING & FINANCE, v.32, no.6, pp.1120 - 1132 | - |
| dc.relation.isPartOf | JOURNAL OF BANKING & FINANCE | - |
| dc.citation.title | JOURNAL OF BANKING & FINANCE | - |
| dc.citation.volume | 32 | - |
| dc.citation.number | 6 | - |
| dc.citation.startPage | 1120 | - |
| dc.citation.endPage | 1132 | - |
| dc.type.rims | ART | - |
| dc.type.docType | Article | - |
| dc.description.journalClass | 1 | - |
| dc.description.journalRegisteredClass | scie | - |
| dc.description.journalRegisteredClass | scopus | - |
| dc.relation.journalResearchArea | Business & Economics | - |
| dc.relation.journalWebOfScienceCategory | Business, Finance | - |
| dc.relation.journalWebOfScienceCategory | Economics | - |
| dc.subject.keywordPlus | INITIAL PUBLIC OFFERINGS | - |
| dc.subject.keywordPlus | UNDERWRITER REPUTATION | - |
| dc.subject.keywordPlus | OPERATING PERFORMANCE | - |
| dc.subject.keywordPlus | MARKET-EFFICIENCY | - |
| dc.subject.keywordPlus | EMPIRICAL POWER | - |
| dc.subject.keywordPlus | TEST STATISTICS | - |
| dc.subject.keywordPlus | STOCK RETURNS | - |
| dc.subject.keywordPlus | FIRMS | - |
| dc.subject.keywordPlus | RECOMMENDATIONS | - |
| dc.subject.keywordPlus | SPECIFICATION | - |
| dc.subject.keywordAuthor | analysts&apos | - |
| dc.subject.keywordAuthor | research coverage | - |
| dc.subject.keywordAuthor | initial public offers | - |
| dc.subject.keywordAuthor | long-run performance | - |
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