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Keywords: Gross spread
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Journal Articles
Are IPO underwriters paid for the services they provide?
Available to Purchase
International Journal of Managerial Finance (2015) 11 (4): 414–437.
Published: 07 September 2015
... for 47 out of the 87 offerings in which the liquidity support service were declared. © Emerald Group Publishing Limited 2015 The level of competition in the IPO underwriting industry has been under discussion since Chen and Ritter (2000) pointed out an unusual clustering of gross spreads...
