{"id":"https://openalex.org/W1962045180","doi":"https://doi.org/10.2139/ssrn.374504","title":"The Long-Run Behavior of Debt and Equity Underwriting Spreads","display_name":"The Long-Run Behavior of Debt and Equity Underwriting Spreads","publication_year":2003,"publication_date":"2003-01-01","ids":{"openalex":"https://openalex.org/W1962045180","doi":"https://doi.org/10.2139/ssrn.374504","mag":"1962045180"},"language":"en","primary_location":{"id":"doi:10.2139/ssrn.374504","doi":"https://doi.org/10.2139/ssrn.374504","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.374504","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},"volume":null,"type":"preprint","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://doi.org/10.2139/ssrn.374504","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5086963129","display_name":"Anthony Saunders","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Anthony Saunders","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"middle","author":{"id":"https://openalex.org/A5065591914","display_name":"Darius N. Palia","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Darius Palia","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5027332315","display_name":"Dongcheol Kim","orcid":"https://orcid.org/0000-0003-4723-4755","observed_orcids":["https://orcid.org/0000-0003-4723-4755"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Dongcheol Kim","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0003-4723-4755","affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":true,"cited_by_count":21,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.4375,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.4375,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11496","display_name":"Credit Risk and Financial Regulations","score":0.3799000084400177,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.155799999833107,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/underwriting-spreads","display_name":"underwriting spreads","score":0.9980000257492065},{"id":"https://openalex.org/keywords/corporate-bonds","display_name":"corporate bonds","score":0.6029999852180481},{"id":"https://openalex.org/keywords/initial-public-offerings","display_name":"initial public offerings","score":0.9670000076293945},{"id":"https://openalex.org/keywords/ipo-underpricing","display_name":"IPO underpricing","score":0.7250000238418579},{"id":"https://openalex.org/keywords/issuance-costs","display_name":"issuance costs","score":0.6259999871253967},{"id":"https://openalex.org/keywords/macroeconomic-factors","display_name":"macroeconomic factors","score":0.8069999814033508}],"concepts":[{"id":"https://openalex.org/C26503482","wikidata":"https://www.wikidata.org/wiki/Q1898080","display_name":"Underwriting","level":2,"score":0.9145838022232056},{"id":"https://openalex.org/C199728807","wikidata":"https://www.wikidata.org/wiki/Q2578557","display_name":"Equity (law)","level":2,"score":0.6288914084434509},{"id":"https://openalex.org/C120527767","wikidata":"https://www.wikidata.org/wiki/Q3196867","display_name":"Debt","level":2,"score":0.613900899887085},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.4882395565509796},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.4862331449985504},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.45749861001968384},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.4447593092918396},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.41719913482666016},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.26785847544670105},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.1059424877166748},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0}],"mesh":[],"locations_count":7,"locations":[{"id":"doi:10.2139/ssrn.374504","doi":"https://doi.org/10.2139/ssrn.374504","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.374504","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},{"id":"pmh:http://hdl.handle.net/2451/26824","doi":null,"is_oa":true,"landing_page_url":"http://archive.nyu.edu/handle/2451/26824","pdf_url":"http://archive.nyu.edu/bitstream/2451/26824/2/S-DRP-03-03.pdf","source":{"id":"https://openalex.org/S4377196662","display_name":"Faculty Digital Archive (New York University Florence)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I4210123063","host_organization_name":"New York University Florence","host_organization_lineage":["https://openalex.org/I4210123063"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"Working Paper"},{"id":"pmh:http://hdl.handle.net/2451/26576","doi":null,"is_oa":false,"landing_page_url":"http://archive.nyu.edu/handle/2451/26576","pdf_url":null,"source":{"id":"https://openalex.org/S4377196662","display_name":"Faculty Digital Archive (New York University Florence)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I4210123063","host_organization_name":"New York University Florence","host_organization_lineage":["https://openalex.org/I4210123063"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"Working Paper"},{"id":"pmh:http://hdl.handle.net/2451/26759","doi":null,"is_oa":false,"landing_page_url":"http://archive.nyu.edu/handle/2451/26759","pdf_url":null,"source":{"id":"https://openalex.org/S4377196662","display_name":"Faculty Digital Archive (New York University Florence)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I4210123063","host_organization_name":"New York University Florence","host_organization_lineage":["https://openalex.org/I4210123063"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"Working Paper"},{"id":"pmh:http://hdl.handle.net/2451/27008","doi":null,"is_oa":false,"landing_page_url":"http://archive.nyu.edu/handle/2451/27008","pdf_url":null,"source":{"id":"https://openalex.org/S4377196662","display_name":"Faculty Digital Archive (New York University Florence)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I4210123063","host_organization_name":"New York University Florence","host_organization_lineage":["https://openalex.org/I4210123063"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"Working Paper"},{"id":"pmh:oai:CiteSeerX.psu:10.1.1.194.9043","doi":null,"is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.194.9043","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://pages.stern.nyu.edu/~eofek/PhD/papers/KPS_The_WP.pdf","raw_type":"text"},{"id":"pmh:oai:CiteSeerX.psu:10.1.1.198.8204","doi":null,"is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.198.8204","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://www.stern.nyu.edu/~asaunder/Long_Run_Behavior1.pdf","raw_type":"text"}],"best_oa_location":{"id":"doi:10.2139/ssrn.374504","doi":"https://doi.org/10.2139/ssrn.374504","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.374504","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"id":"https://metadata.un.org/sdg/17","display_name":"Partnerships for the goals","score":0.46000000834465027}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":24,"referenced_works":["https://openalex.org/W1578449972","https://openalex.org/W1995834279","https://openalex.org/W2006617875","https://openalex.org/W2044986003","https://openalex.org/W2058428373","https://openalex.org/W2081771126","https://openalex.org/W2085162670","https://openalex.org/W2096381076","https://openalex.org/W2106605532","https://openalex.org/W2106707221","https://openalex.org/W2122529435","https://openalex.org/W2125520394","https://openalex.org/W2136120210","https://openalex.org/W2157749655","https://openalex.org/W2158027494","https://openalex.org/W2165119176","https://openalex.org/W2169305957","https://openalex.org/W2745081191","https://openalex.org/W3021535545","https://openalex.org/W3122367063","https://openalex.org/W3123459178","https://openalex.org/W3123676835","https://openalex.org/W3125087107","https://openalex.org/W3126029451"],"related_works":["https://openalex.org/W7096705751","https://openalex.org/W2060097092","https://openalex.org/W1970159592","https://openalex.org/W2157749655","https://openalex.org/W2744667996","https://openalex.org/W2170106538","https://openalex.org/W7070940404","https://openalex.org/W2613632289","https://openalex.org/W2165453997","https://openalex.org/W7095321219"],"abstract_inverted_index":null,"counts_by_year":[{"year":2025,"cited_by_count":1},{"year":2019,"cited_by_count":1},{"year":2017,"cited_by_count":1},{"year":2015,"cited_by_count":3},{"year":2014,"cited_by_count":2},{"year":2013,"cited_by_count":1}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2016-06-24T00:00:00"}
