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Risk, the quality of intermediaries and legal liability in The Netherlands IPO market

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  • van der Goot, Tjalling

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  • van der Goot, Tjalling, 2003. "Risk, the quality of intermediaries and legal liability in The Netherlands IPO market," International Review of Law and Economics, Elsevier, vol. 23(2), pages 121-140, June.
    • Handle: RePEc:eee:irlaec:v:23:y:2003:i:2:p:121-140
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    1. Clarkson, Peter M. & Simunic, Dan A., 1994. "The association between audit quality, retained ownership, and firm-specific risk in U.S. vs. Canadian IPO markets," Journal of Accounting and Economics, Elsevier, vol. 17(1-2), pages 207-228, January.
    2. Loughran, Tim & Ritter, Jay R. & Rydqvist, Kristian, 1995. "Initial public offerings: International insights," Pacific-Basin Finance Journal, Elsevier, vol. 3(1), pages 139-140, May.
    3. Datar, Srikant M. & Feltham, Gerald A. & Hughes, John S., 1991. "The role of audits and audit quality in valuing new issues," Journal of Accounting and Economics, Elsevier, vol. 14(1), pages 3-49, March.
    4. Feltham, Gerald A. & Hughes, John S. & Simunic, Dan A., 1991. "Empirical assessment of the impact of auditor quality on the valuation of new issues," Journal of Accounting and Economics, Elsevier, vol. 14(4), pages 375-399, December.
    5. Leland, Hayne E & Pyle, David H, 1977. "Informational Asymmetries, Financial Structure, and Financial Intermediation," Journal of Finance, American Finance Association, vol. 32(2), pages 371-387, May.
    6. Glenn A. Wolfe & Elizabeth S. Cooperman & Stephen P. Ferris, 1994. "An Analysis Of The Underwriter Selection Process For Initial Public Offerings," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 17(1), pages 77-90, March.
    7. Roosenboom, Peter & van der Goot, Tjalling & Mertens, Gerard, 2003. "Earnings management and initial public offerings: Evidence from the Netherlands," The International Journal of Accounting, Elsevier, vol. 38(3), pages 243-266.
    8. Keloharju, Matti, 1993. "The winner's curse, legal liability, and the long-run price performance of initial public offerings in Finland," Journal of Financial Economics, Elsevier, vol. 34(2), pages 251-277, October.
    9. Beatty, Randolph P & Welch, Ivo, 1996. "Issuer Expenses and Legal Liability in Initial Public Offerings," Journal of Law and Economics, University of Chicago Press, vol. 39(2), pages 545-602, October.
    10. repec:bla:jfinan:v:53:y:1998:i:1:p:285-311 is not listed on IDEAS
    11. Wasserfallen, Walter & Wittleder, Christian, 1994. "Pricing initial public offerings: Evidence from Germany," European Economic Review, Elsevier, vol. 38(7), pages 1505-1517, August.
    12. Gietzmann, M. B. & Quick, R., 1998. "Capping auditor liability: The German experience," Accounting, Organizations and Society, Elsevier, vol. 23(1), pages 81-103, January.
    13. Megginson, William L & Weiss, Kathleen A, 1991. "Venture Capitalist Certification in Initial Public Offerings," Journal of Finance, American Finance Association, vol. 46(3), pages 879-903, July.
    14. Firth, Michael & Smith, Andrew, 1995. "Auditor Quality, Corporate Risk, and the Valuation of New Issues," Review of Quantitative Finance and Accounting, Springer, vol. 5(3), pages 241-251, September.
    15. Keasey, K & McGuinness, P & Short, H, 1992. "New Issues on the U.K. Unlisted Securities Market: The Ability of Entrepreneurs to Signal Firm Value," Small Business Economics, Springer, vol. 4(1), pages 15-27, March.
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    Cited by:

    1. C. Hopp & A. Dreher, 2013. "Do differences in institutional and legal environments explain cross-country variations in IPO underpricing?," Applied Economics, Taylor & Francis Journals, vol. 45(4), pages 435-454, February.
    2. Svetlana BILOOCAIA, 2011. "Analysis of the Issuers’ Main Risks during the IPO," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 378-383.
    3. Johan, Sofia A., 2010. "Listing standards as a signal of IPO preparedness and quality," International Review of Law and Economics, Elsevier, vol. 30(2), pages 128-144, June.
    4. Lin, Hui Ling & Pukthuanthong, Kuntara & Walker, Thomas John, 2013. "An international look at the lawsuit avoidance hypothesis of IPO underpricing," Journal of Corporate Finance, Elsevier, vol. 19(C), pages 56-77.
    5. Cumming, Douglas & Johan, Sofia, 2007. "Regulatory harmonization and the development of private equity markets," Journal of Banking & Finance, Elsevier, vol. 31(10), pages 3218-3250, October.

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