The Determinants of Insiders' Selling at Initial Public Offerings: An Empirical Analysis
Preprint
- 1 January 2003
- preprint
- Published by Elsevier in SSRN Electronic Journal
Abstract
The paper examines the effect of information asymmetry on equity selling by pre-IPO shareholders as part of the offering. Consistent with the implications of moKeywords
This publication has 42 references indexed in Scilit:
- Allocation of initial public offerings and flipping activityJournal of Financial Economics, 2002
- Concealing and confounding adverse signals: insider wealth-maximizing behavior in the IPO processJournal of Financial Economics, 2002
- Strategic IPO underpricing, information momentum, and lockup expiration sellingJournal of Financial Economics, 2002
- The role of venture capital in the creation of public companies: Evidence from the going-public processPublished by Elsevier ,2002
- How investment bankers determine the offer price and allocation of new issuesPublished by Elsevier ,2002
- Why Do Entrepreneurs Hold Large Ownership Shares? Testing Agency Theory Using Entrepreneur Effort and WealthSSRN Electronic Journal, 2002
- Stabilization Activities by Underwriters after Initial Public OfferingsThe Journal of Finance, 2000
- Signalling by underpricing in the IPO marketJournal of Financial Economics, 1989
- Investment banking, reputation, and the underpricing of initial public offeringsJournal of Financial Economics, 1986
- A Model of the Demand for Investment Banking Advising and Distribution Services for New IssuesThe Journal of Finance, 1982