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Showing 1 to 1 of 1 for “"SEO underpricing"”.
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Two Essays on Shelf-registered Corporate Equity Offerings
… issuers, and often have been certified in prior SEOs. The evidence indicates that the way firms now use shelf offerings resolves the under-certification problem responsible for the shelf demise in the 1980s (Denis, 1991) and results in smaller market penalties and lower underwriter fees relative …