References
- Beatty, R. P. and Ritter, J. R. (1986) Investment banking, reputation, and the underpricing of initial public offerings, Journal of Financial Economics, 15, 213–32. doi:10.1016/0304-405X(86)90055-3
- Benveniste, L. M. and Spindt, P. A. (1989) How investment bankers determine the offer price and allocation of new issues, Journal of Financial Economics, 24, 343–61. doi:10.1016/0304-405X(89)90051-2
- Breusch, T. S. and Pagan, A. R. (1979) A simple test for heteroscedasticity and random coefficient variation, Econometrica, 47, 1287–94. doi:10.2307/1911963
- Derrien, F. and Womack, K. L. (2003) Auctions vs. bookbuilding and the control of underpricing in hot IPO markets, Review of Financial Studies, 16, 31–61. doi:10.1093/rfs/16.1.31
- Hair, J. F., Black, W. C., Babin, B. J., et al. (2006) Multivariate Data Analysis, 6th edn, Prentice-Hall, Englewood Cliff, NJ.
- Jenkinson, T. and Ljungqvist, A. (2001) Going Public: The Theory and Evidence on How Companies Raise Equity Finance, 2nd edn, Oxford University Press, Oxford.
- Loughran, T., Ritter, J. R. and Rydqvist, K. (1994) Initial public offerings: international insights, Pacific-Basin Finance Journal, 2, 165–99. doi:10.1016/0927-538X(94)90016-7
- Ritter, J. R. (1988) Initial public offerings, Contemporary Finance Digest, 2, 5–30.
- Sherman, A. E. (2000) IPOs and long term relationships: an advantage of bookbuilding, Review of Financial Studies, 13, 697–714. doi:10.1093/rfs/13.3.697
- Sherman, A. E. and Titman, S. (2002) Building the IPO order book: underpricing and participation limits with costly information, Journal of Financial Economics, 65, 3–29. doi:10.1016/S0304-405X(02)00133-2
- Tian, L. G. (2005) Financial regulations, investment risks, and determinants of Chinese IPO underpricing, Working Paper, Peking University Management School and London Business School, Peking.
- Yu, T. and Tse, Y. K. (2006) An empirical examination of IPO underpricing in the Chinese A-share market, China Economic Review, 17, 363–82. doi:10.1016/j.chieco.2005.07.001