J
J. Ari Pandes
Researcher at University of Calgary
Publications - 20
Citations - 293
J. Ari Pandes is an academic researcher from University of Calgary. The author has contributed to research in topics: Initial public offering & Information asymmetry. The author has an hindex of 9, co-authored 20 publications receiving 267 citations.
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Underwriter Quality and Long-Run IPO Performance
TL;DR: In this article, the authors analyzed the relationship between the quality of underwriters and the long-run performance of IPOs in the light of underwriter marketing, certification and screening, and information production, and found that higher underwriter quality (measured by the number of managing underwriters, underwriter reputation and absolute price adjustment) predicts better long run performance.
Journal ArticleDOI
Underwriter Quality and Long-Run IPO Performance
TL;DR: In this paper, the authors analyzed the relationship between the quality of underwriters and the long-run performance of initial public offerings (IPOs) in light of underwriter marketing, certification and screening, and information production.
Journal ArticleDOI
The Wealth Effects of Reducing Private Placement Resale Restrictions: The Wealth Effects of Reducing Private Placement Resale Restrictions
Elizabeth Maynes,J. Ari Pandes +1 more
TL;DR: In this article, the authors find that smaller firms and firms with greater information asymmetry are less likely to issue privately placed common stock after the legislative change, suggesting that the easing of resale restrictions reduces the costly signal that helps to overcome the Myers and Majluf (1984) underinvestment problem.
Posted Content
Bought Deals: The Value of Underwriter Certification in Seasoned Equity Offerings
TL;DR: In this article, the authors found a significantly smaller negative stock price reaction around the announcement of bought deals compared to firm commitment issues, suggesting that investment banks’ underwriting method of choice is informative of issue quality.
Journal ArticleDOI
Bought deals: The value of underwriter certification in seasoned equity offerings
TL;DR: In this paper, the authors found a significantly smaller negative stock price reaction around the announcement of bought deals compared to firm commitment issues, suggesting that investment banks’ underwriting method of choice is informative of issue quality.