Conflicts of interest and efficient contracting in IPOs

We study the role of underwriter compensation in mitigating conflicts of interest between companies going public and their investment bankers. Making the banks compensation more sensitive to the issuers valuation should reduce agency conflicts and thus underpricing.(...)

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Year of publication:	2002-11-15
Authors:	Ljungquist, Alexander
Publisher:	Salomon Center <New York, NY>
Subject:	Going Public \| Investmentbank \| Interessenkonflikt \| Börsenzulassung

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Extent:	143360 bytes 44 p. application/pdf
Series:	NYU Salomon Center for the Study of Financial Institutions - Publications Arbeitspapier / NYU Salomon Center for the Study of Financial Institutions Corporate Governance; S-CG-02-07
Type of publication:	Book / Working Paper
Language:	English
Classification:	Corporate finance and investment policy. Other aspects ; Individual Working Papers, Preprints ; United Kingdom
Source:	USB Cologne (business full texts)

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