Article ID Journal Published Year Pages File Type
5089771 Journal of Banking & Finance 2012 13 Pages PDF
Abstract
► Unaffiliated analysts face conflicts of interest when IPO underpricing is high. ► Personal-level reputation reduces analyst conflicts. ► Bank-level reputation is less effective in reducing analyst conflicts. ► Extreme high IPO underpricing may be needed to induce biased behavior.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
The impact of reputation on analysts' conflicts of interest: Hot versus cold markets
Authors
, , ,