Mola, Simona (contributor); Guidolin, Massimo (contributor) - 2006
unaffiliated analysts. Average IPO size-adjusted excess returns at the event
date are 2.7% for underwriter analyst … returns, we choose a 255-
trading day estimation period starting 46 days before the event date. We categorize the median … define the choice of covering a stock with at least one report as a failure event sampled at a
quarterly frequency …