The use of warrants as underwriter compensation in initial public offerings

Article Abstract:

A study was conducted on the influence of warrants in underwriter compensation. An empirical method which considered self-selection was used to enable consistent cost equations estimation. Results showed that offering costs are negatively affected by warrant compensation. The evidence was consistent with issuers using warrant compensation to reduce costs and provoked the reexamination of underwriter compensation arrangement regulation.

Research, Compensation and benefits, Insurance agents, Stock warrants

---

Factors affecting investment bank initial public offering market share

Article Abstract:

The factors which affected the market share of investment banks in the management of initial public offerings from 1984 to 1995 are examined and described. Significant impacts of size are also detailed.

Statistical Data Included, Management, Market share

---

Discounting and underpricing in seasoned equity offers

Article Abstract:

The authors suggest that investment banks use the difference between the closing priceof a company on sale day and the offer price to do their final calculations on sale price.

Methods, Tender offers (Securities), Tender offers

Similar abstracts:

• Abstracts: The relative price of fairness: gender differences in a punishment game. Is trust a risky decision?
• Abstracts: The choice of exchange rate regime. Britain's fiscal problems. The Post-ERM framework for monetary policy in the United Kingdom: bounded credibility
• Abstracts: The effect of adding a constant to all payoffs: experimental investigation, and implications for reinforcement learning models
• Abstracts: The role of violence in Russian business relations. The criteria of economic security. The shadow economy as a specific feature of Russian capitalism
• Abstracts: The emergence of economic organization. On the emergence of exchange and mediation in a production economy. The effect of decision costs on the formation of market-intermediaries: a pilot experiment

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.