Initial Public Offerings as a Web of Conflicts of Interest: An Empirical Assessment

While a ubiquitous phenomenon, initial public offerings (IPOs) have received no attention in the ethics literature. We provide an overview of a series of potential conflicts of interest that pervade the IPO process. We also report the results of an empirical assessment of IPOs and those elements tha...

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Bibliographic Details
Authors: Dalton, Dan R. (Author) ; Certo, S. Trevis (Author) ; Daily, Catherine M. (Author)
Format: Electronic Article
Language:English
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Published: Cambridge Univ. Press 2003
In: Business ethics quarterly
Year: 2003, Volume: 13, Issue: 3, Pages: 289-314
Online Access: Volltext (JSTOR)
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Summary:While a ubiquitous phenomenon, initial public offerings (IPOs) have received no attention in the ethics literature. We provide an overview of a series of potential conflicts of interest that pervade the IPO process. We also report the results of an empirical assessment of IPOs and those elements that may inform a substantive moral hazard faced by key players in the period prior to and just after an IPO.
ISSN:2153-3326
Contains:Enthalten in: Business ethics quarterly
Persistent identifiers:DOI: 10.5840/beq200313321