From: Does reputation of sponsors matter in IPO? Evidence from Hong Kong
Variable | Col. 1 | Col. 2 |
---|---|---|
Intercept | 17.626 (0.652) | 28.018 (1.084) |
UndRepMar | −1.874 (−1.997)b | |
UndRepIss | −0.111 (−1.786)c | |
HighTech | 3.417 (0.651) | 3.384 (0.644) |
lnProceeds | −1.306 (−0.924) | −1.841 (−1.367) |
GrossSpread | 3.919 (2.119)b | 3.880 (2.095)b |
OfferRange | 0.114 (0.738) | 0.120 (0.769) |
lnSales | −0.997 (−0.787) | −1.158 (−0.922) |
lnAge | 1.965 (1.049) | 2.007 (1.069) |
MarketReturn | 0.410 (1.737)c | 0.388 (1.634) |
Industry fixed effects | Yes | Yes |
Observations | 315 | 315 |
R2 | 0.138 | 0.136 |
Adj. R2 | 0.089 | 0.086 |