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Journal Articles
Journal of Property Investment & Finance (2020) 38 (3): 163–180.
Published: 16 December 2019
... that managers trying to time the equity market gain from lower underpricing. Furthermore, underwritten offerings are more underpriced to reduce the risk of the arranging bank, but top-tier underwriters are able to reduce offer price discounts by being more successful in attracting investors. The results cannot...
