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Managerial statistics question: A study of a developing country's stock exchange showed that companies employing prestigious American investment banking firms to handle their IPOs tended
Managerial statistics question:
- A study of a developing country's stock exchange showed that companies employing prestigious American investment banking firms to handle their IPOs tended to be better respected by investors after the IPO and had stock prices that rose to higher levels. The researchers concluded from this that the prestige of these investment banks can create value even beyond the cost of their fee. Can you think of another explanation? Please provide a detailed answer.
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