Jay R. Ritter

University of Florida - Department of Finance, Insurance and Real Estate

Cordell Professor of Finance

P.O. Box 117168

Gainesville, FL 32611

United States

http://bear.cba.ufl.edu/ritter

SCHOLARLY PAPERS

41

DOWNLOADS
Rank 423

SSRN RANKINGS

Top 423

in Total Papers Downloads

40,935

CITATIONS
Rank 199

SSRN RANKINGS

Top 199

in Total Papers Citations

1,732

Scholarly Papers (41)

1.
Downloads 15,096 ( 192)
Citation 375

A Review of IPO Activity, Pricing and Allocations

Yale ICF Working Paper No. 02-01
Number of pages: 45 Posted: 09 Jan 2002
Ivo Welch and Jay R. Ritter
University of California, Los Angeles (UCLA) and University of Florida - Department of Finance, Insurance and Real Estate
Downloads 14,892 (193)
Citation 375

Abstract:

Loading...

IPOs

A Review of IPO Activity, Pricing, and Allocations

NBER Working Paper No. w8805
Number of pages: 45 Posted: 21 Feb 2002 Last Revised: 26 Oct 2010
Ivo Welch and Jay R. Ritter
University of California, Los Angeles (UCLA) and University of Florida - Department of Finance, Insurance and Real Estate
Downloads 204 (142,415)
Citation 375

Abstract:

Loading...

A Review of IPO Activity, Pricing, and Allocations

Journal of Finance, Vol. 57, pp. 1795-1828, 2002
Posted: 30 Dec 2003
Ivo Welch and Jay R. Ritter
University of California, Los Angeles (UCLA) and University of Florida - Department of Finance, Insurance and Real Estate

Abstract:

Loading...

2.
Downloads 7,136 ( 764)
Citation 395

Why Has IPO Underpricing Changed Over Time?

AFA 2003 Washington, DC Meetings
Number of pages: 55 Posted: 18 Sep 2002
Tim Loughran and Jay R. Ritter
University of Notre Dame and University of Florida - Department of Finance, Insurance and Real Estate
Downloads 7,119 (754)
Citation 395

Abstract:

Loading...

Initial public offerings, internet bubble, underwriter reputation, spinning

Why Has IPO Underpricing Changed Over Time?

Financial Management, Vol. 33, No. 3, 2004
Number of pages: 34 Posted: 20 Aug 2004
Tim Loughran and Jay R. Ritter
University of Notre Dame and University of Florida - Department of Finance, Insurance and Real Estate
Downloads 17 (535,965)
Citation 395
  • Add to Cart

Abstract:

Loading...

3.

Why Don't Issuers Get Upset About Leaving Money on the Table in Ipos?

AFA 2001 New Orleans Meetings
Number of pages: 35 Posted: 29 Sep 2000
Tim Loughran and Jay R. Ritter
University of Notre Dame and University of Florida - Department of Finance, Insurance and Real Estate
Downloads 2,066 (6,409)
Citation 257

Abstract:

Loading...

Initial public offerings, prospect theory, behavioral finance, hot issue markets

4.

Where Have All the IPOs Gone?

Number of pages: 56 Posted: 05 Nov 2011 Last Revised: 26 Sep 2013
Jay R. Ritter, Xiaohui Gao Bakshi and Zhongyan Zhu
University of Florida - Department of Finance, Insurance and Real Estate, University of Maryland - Department of Finance and Monash University
Downloads 2,034 (6,565)
Citation 16

Abstract:

Loading...

IPO volume, trade sales, economies of scope, effects of Sarbanes-Oxley, VC exits

5.

Short Interest, Institutional Ownership, and Stock Returns

Number of pages: 45 Posted: 06 Apr 2004
Paul Asquith, Parag A. Pathak and Jay R. Ritter
Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA), Massachusetts Institute of Technology (MIT) - Department of Economics and University of Florida - Department of Finance, Insurance and Real Estate
Downloads 1,864 (7,666)
Citation 168

Abstract:

Loading...

Short Sales, Limits to Arbitrage, Short Selling

6.

Economic Growth and Equity Returns

EFA 2005 Moscow Meetings Paper
Number of pages: 20 Posted: 27 Feb 2005
Jay R. Ritter
University of Florida - Department of Finance, Insurance and Real Estate
Downloads 1,765 (8,406)
Citation 14

Abstract:

Loading...

Economic Growth, Equity Premium Puzzle

Testing Theories of Capital Structure and Estimating the Speed of Adjustment

20th Australasian Finance & Banking Conference 2007 Paper
Number of pages: 65 Posted: 18 Oct 2006 Last Revised: 29 Jun 2009
Rongbing Huang and Jay R. Ritter
Kennesaw State University - Michael J. Coles College of Business and University of Florida - Department of Finance, Insurance and Real Estate
Downloads 1,568 (10,011)
Citation 73

Abstract:

Loading...

capital structure, market timing, pecking order, static tradeoff, speed of adjustment, long difference

Testing Theories of Capital Structure and Estimating the Speed of Adjustment

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Posted: 25 Mar 2008
Rongbing Huang and Jay R. Ritter
Kennesaw State University - Michael J. Coles College of Business and University of Florida - Department of Finance, Insurance and Real Estate

Abstract:

Loading...

capital structure, market timing, static tradeoff, speed of adjustment

8.

Equilibrium in the IPO Market

Number of pages: 38 Posted: 25 Apr 2011 Last Revised: 28 Apr 2011
Jay R. Ritter
University of Florida - Department of Finance, Insurance and Real Estate
Downloads 968 (21,519)
Citation 2

Abstract:

Loading...

adverse selection, bookbuilding, initial public offerings, long-run performance, market timing, underpricing

9.

2013 State of Entrepreneurship Address: 'Financing Entrepreneurial Growth'

Ewing Marion Kauffman Foundation Research Paper
Number of pages: 16 Posted: 07 Feb 2013
Madrona Venture Group, Bogan Associates, LLC, Private Investor, University of California, Berkeley - School of Law, Gruter Institute for Law and Behavioral Research, Vermont Law School, WR Hambrecht + Co, National Association of Securities Dealers, Inc., NASD, University of Oxford - Said Business School, Independent, Ewing Marion Kauffman Foundation, Harvard Business School - Finance Unit, Council on Foreign Relations (CFR) - Council on Foreign Relations- Washington D.C., Ewing Marion Kauffman Foundation, Harvard University - Entrepreneurial Management Unit, University of California, Berkeley - School of Law, BATS Global Markets, Inc., AngelList, University of Florida - Department of Finance, Insurance and Real Estate, University of Colorado at Boulder, Fuqua School of Business, Duke University, Independent, SecondMarket, Babson College, Ewing Marion Kauffman Foundation and Astia
Downloads 836 (26,687)

Abstract:

Loading...

state of entrepreneurship, entrepreneurship, state, national, policy, job creation, regulation, barriers, growth, finance, crowdfunding, bank debt, IPO, venture capital

10.

The Marketing of Seasoned Equity Offerings

20th Australasian Finance & Banking Conference 2007 Paper
Number of pages: 48 Posted: 20 Mar 2007 Last Revised: 15 Mar 2010
Xiaohui Gao Bakshi and Jay R. Ritter
University of Maryland - Department of Finance and University of Florida - Department of Finance, Insurance and Real Estate
Downloads 787 (28,941)
Citation 45

Abstract:

Loading...

Marketing of securities, Follow-on offerings, Seasoned equity offerings, Bookbuilding

11.

Re-Energizing the IPO Market

Number of pages: 26 Posted: 08 Nov 2012 Last Revised: 02 Nov 2014
Jay R. Ritter
University of Florida - Department of Finance, Insurance and Real Estate
Downloads 570 (44,627)
Citation 1

Abstract:

Loading...

Initial Public Offerings, IPO Volume, JOBS Act

12.

The Economic Consequences of IPO Spinning

AFA 2008 New Orleans Meetings Paper
Number of pages: 40 Posted: 10 Mar 2007 Last Revised: 23 Sep 2009
Xiaoding Liu and Jay R. Ritter
Texas A&M University - Department of Finance and University of Florida - Department of Finance, Insurance and Real Estate
Downloads 546 (47,148)
Citation 12

Abstract:

Loading...

Spinning, IPOs, SEOs, Underpricing

13.

Corporate Cash Shortfalls and Financing Decisions

Number of pages: 72 Posted: 04 Apr 2015 Last Revised: 25 Nov 2018
Rongbing Huang and Jay R. Ritter
Kennesaw State University - Michael J. Coles College of Business and University of Florida - Department of Finance, Insurance and Real Estate
Downloads 457 (59,043)

Abstract:

Loading...

Cash Holdings, External Financing, Security Issuance, SEO, Private Placement in Public Equity (PIPE), Bond Offering, Bank Loan, Financing Decision, Capital Structure, Precautionary Saving, Market Timing, Corporate Lifecycle, Financial Flexibility, Static Tradeoff

14.

Analyst Behavior Following Ipos: The 'Bubble Period' Evidence

Number of pages: 48 Posted: 20 Jul 2005
Daniel Bradley, Jay R. Ritter and Bradford D. Jordan
University of South Florida, University of Florida - Department of Finance, Insurance and Real Estate and University of Kentucky - Gatton College of Business and Economics
Downloads 446 (60,837)
Citation 50

Abstract:

Loading...

IPO, analyst, quiet period, bubble

15.

Private Equity Firms’ Reputational Concerns and the Costs of Debt Financing

Number of pages: 63 Posted: 23 Jan 2013 Last Revised: 23 Feb 2014
Rongbing Huang, Jay R. Ritter and Donghang Zhang
Kennesaw State University - Michael J. Coles College of Business, University of Florida - Department of Finance, Insurance and Real Estate and University of South Carolina - Darla Moore School of Business
Downloads 440 (61,833)
Citation 2

Abstract:

Loading...

IPOs, Buyout Groups, Private Equity, Reputation, Agency Costs, Bond Offering

16.

Economies of Scope and IPO Activity in Europe

Number of pages: 29 Posted: 02 Nov 2012
Jay R. Ritter, Andrea Signori and Silvio Vismara
University of Florida - Department of Finance, Insurance and Real Estate, Catholic University of Milan and University of Bergamo
Downloads 440 (61,833)
Citation 2

Abstract:

Loading...

IPOs, initial public offerings, IPO volume, trade sales, M&A, economies of scope, financial regulation, European markets

17.

Patents, Innovation, and Performance of Venture Capital-backed IPOs

Number of pages: 55 Posted: 08 Dec 2013 Last Revised: 17 Jan 2015
Jerry Cao, Fuwei Jiang and Jay R. Ritter
Independent, Central University of Finance and Economics (CUFE) and University of Florida - Department of Finance, Insurance and Real Estate
Downloads 426 (64,316)

Abstract:

Loading...

Initial public offerings, Venture capital, Patents, Innovation, Long-run performance

18.

Local Underwriter Oligopolies and IPO Underpricing

Number of pages: 52 Posted: 27 Nov 2009 Last Revised: 04 Mar 2011
Xiaoding Liu and Jay R. Ritter
Texas A&M University - Department of Finance and University of Florida - Department of Finance, Insurance and Real Estate
Downloads 423 (64,872)
Citation 19

Abstract:

Loading...

IPOs, Underwriters, Oligopoly, Venture Capital, Analysts

19.

Pre-Market Trading and IPO Pricing

Review of Financial Studies, Forthcoming
Number of pages: 47 Posted: 05 Mar 2014 Last Revised: 06 May 2016
Chun Chang, Yao-Min Chiang, Yiming Qian and Jay R. Ritter
Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF), National Taiwan University - Department of Finance, University of Iowa - Department of Finance and University of Florida - Department of Finance, Insurance and Real Estate
Downloads 391 (71,186)

Abstract:

Loading...

initial public offering, pre-IPO market, IPO underpricing, agency problem, rent-seeking underwriter, bookbuilding theory, information asymmetry, Taiwan stock exchange

20.
Downloads 391 ( 71,186)
Citation 6

Europe's Second Markets for Small Companies

Number of pages: 49 Posted: 09 Nov 2011 Last Revised: 05 Jan 2012
Silvio Vismara, Stefano Paleari and Jay R. Ritter
University of Bergamo, University of Bergamo - SIGE Sezione di Ingegneria Gestionale and University of Florida - Department of Finance, Insurance and Real Estate
Downloads 390 (70,752)
Citation 6

Abstract:

Loading...

stock exchanges, second markets, financial regulation, IPOs, AIM, London Stock Exchange, Neuer Markt

Europe's Second Markets for Small Companies

European Financial Management, Vol. 18, Issue 3, pp. 352-388, 2012
Number of pages: 37 Posted: 19 May 2012
Silvio Vismara, Stefano Paleari and Jay R. Ritter
University of Bergamo, University of Bergamo - SIGE Sezione di Ingegneria Gestionale and University of Florida - Department of Finance, Insurance and Real Estate
Downloads 1 (650,394)
Citation 6
  • Add to Cart

Abstract:

Loading...

stock exchanges, second markets, financial regulation, IPOs, AIM, London Stock Exchange, Neuer Markt

21.

Post-IPO Employment and Revenue Growth for U.S. IPOs, June 1996-2010

Number of pages: 24 Posted: 22 May 2012
Martin Kenney, Donald Patton and Jay R. Ritter
University of California, Davis, University of California, Davis - Department of Human & Community Development and University of Florida - Department of Finance, Insurance and Real Estate
Downloads 385 (72,506)

Abstract:

Loading...

IPO, initial public offering, policy, startup, firm, employment, revenue, company, companies

Affiliated Mutual Funds and the Allocation of Initial Public Offerings

AFA 2006 Boston Meetings Paper
Number of pages: 47 Posted: 24 Apr 2005
Jay R. Ritter and Donghang Zhang
University of Florida - Department of Finance, Insurance and Real Estate and University of South Carolina - Darla Moore School of Business
Downloads 352 (79,780)
Citation 62

Abstract:

Loading...

Initial public offerings, mutual funds, IPO allocations

Affiliated Mutual Funds and the Allocation of Initial Public Offerings

Journal of Financial Economics, Forthcoming
Posted: 10 Oct 2006
Donghang Zhang and Jay R. Ritter
University of South Carolina - Darla Moore School of Business and University of Florida - Department of Finance, Insurance and Real Estate

Abstract:

Loading...

Initial public offerings, mutual funds, IPO allocations

23.

Do Today's Trades Affect Tomorrow's IPO Allocations?

AFA 2005 Philadelphia Meetings, Forthcoming
Number of pages: 36 Posted: 05 Jan 2005
University of Florida - Department of Finance, Insurance and Real Estate, University of Florida - Department of Finance, Insurance and Real Estate and University of South Carolina - Darla Moore School of Business
Downloads 277 (104,909)
Citation 17

Abstract:

Loading...

IPOs, brokerage commissions

24.

Institutional Affiliation and the Role of Venture Capital: Evidence from Initial Public Offerings in Japan

FRB of New York Staff Report No. 52
Number of pages: 50 Posted: 15 Oct 2006
Yasushi Hamao, Jay R. Ritter and Frank Packer
Center on Japanese Economy and Business, University of Florida - Department of Finance, Insurance and Real Estate and Bank for International Settlements (BIS)
Downloads 224 (130,413)
Citation 47

Abstract:

Loading...

25.

Pre-IPO Analyst Coverage: Hype or Information Production?

Number of pages: 53 Posted: 12 Dec 2017 Last Revised: 23 Mar 2018
Chunxin Jia, Jay R. Ritter, Zhen Xie and Donghang Zhang
Peking University - Guanghua School of Management, University of Florida - Department of Finance, Insurance and Real Estate, Shanghai University of Finance and Economics and University of South Carolina - Darla Moore School of Business
Downloads 218 (133,876)

Abstract:

Loading...

Analysts, IPOs, Primary Market, Offer Price Revision, Underpricing, China

26.
Downloads 194 (149,498)

Growth Capital-Backed IPOs

Number of pages: 42 Posted: 23 May 2014 Last Revised: 14 May 2015
Jay R. Ritter
University of Florida - Department of Finance, Insurance and Real Estate
Downloads 194 (149,363)

Abstract:

Loading...

Buyouts, growth capital, initial public offerings, long-run performance, reverse LBOs, rollups, venture capital

Growth Capital‐Backed IPOs

Financial Review, Vol. 50, Issue 4, pp. 481-515, 2015
Number of pages: 35 Posted: 26 Oct 2015
Jay R. Ritter
University of Florida - Department of Finance, Insurance and Real Estate
Downloads 0
  • Add to Cart

Abstract:

Loading...

buyouts, growth capital, growth equity, initial public offerings, long‐run performance, reverse LBOs, rollups, venture capital

27.

Short Interest and Stock Returns

NBER Working Paper No. w10434
Number of pages: 47 Posted: 03 May 2004 Last Revised: 07 Jul 2010
Paul Asquith, Jay R. Ritter and Parag A. Pathak
Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA), University of Florida - Department of Finance, Insurance and Real Estate and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 176 (163,207)
Citation 153

Abstract:

Loading...

28.

The Puzzle of Frequent and Large Issues of Debt and Equity

Number of pages: 121 Posted: 16 Mar 2017 Last Revised: 26 Oct 2018
Rongbing Huang and Jay R. Ritter
Kennesaw State University - Michael J. Coles College of Business and University of Florida - Department of Finance, Insurance and Real Estate
Downloads 174 (164,802)

Abstract:

Loading...

New issues puzzle, Seasoned Equity Offerings, Debt issues, Equity issues, Market efficiency

29.

Closed-End Fund IPOs: Sold, Not Bought

Number of pages: 64 Posted: 01 Sep 2015 Last Revised: 23 Jun 2018
Diana Shao and Jay R. Ritter
Oregon State University - College of Business and University of Florida - Department of Finance, Insurance and Real Estate
Downloads 141 (196,903)

Abstract:

Loading...

Closed-end Funds, Initial Public Offerings, Agency Problems, Underwriters

30.

The Speed of Adjustment to the Target Market Value Leverage Is Slower Than You Think

Number of pages: 53 Posted: 19 Sep 2016 Last Revised: 30 Aug 2018
Qie Ellie Yin and Jay R. Ritter
Hong Kong Baptist University and University of Florida - Department of Finance, Insurance and Real Estate
Downloads 124 (217,880)

Abstract:

Loading...

Capital Structure, Leverage, Speed of Adjustment, Target Leverage

31.

Is Economic Growth Good for Investors?

Journal of Applied Corporate Finance, Vol. 24, Issue 3, pp. 8-18, 2012
Number of pages: 13 Posted: 13 Oct 2012
Jay R. Ritter
University of Florida - Department of Finance, Insurance and Real Estate
Downloads 20 (500,274)
Citation 2
  • Add to Cart

Abstract:

Loading...

32.

Equilibrium in the Initial Public Offerings Market

Annual Review of Financial Economics, Vol. 3, pp. 347-374, 2011
Posted: 10 Jan 2012
Jay R. Ritter
University of Florida - Department of Finance, Insurance and Real Estate

Abstract:

Loading...

33.

The Long-Run Performance of Initial Public Offerings

University of Illinois at Urbana-Champaign's Academy for Entrepreneurial Leadership Historical Research Reference in Entrepreneurship
Posted: 17 Nov 2009
Jay R. Ritter
University of Florida - Department of Finance, Insurance and Real Estate

Abstract:

Loading...

Startups, Initial public offerings (IPO), Securities offerings, Valuation, Underpricing, Market value

34.

Investment Banking, Reputation, and the Underpricing of Initial Public Offerings

University of Illinois at Urbana-Champaign's Academy for Entrepreneurial Leadership Historical Research Reference in Entrepreneurship
Posted: 17 Nov 2009
Randolph P. Beatty and Jay R. Ritter
University of Southern California - Leventhal School of Accounting and University of Florida - Department of Finance, Insurance and Real Estate

Abstract:

Loading...

Credibility, Reputation, Uncertainty, Underpricing, Initial public offerings (IPO), Investment bankers, Investors, Investment banks

35.

The "Hot Issue" Market of 1980

University of Illinois at Urbana-Champaign's Academy for Entrepreneurial Leadership Historical Research Reference in Entrepreneurship
Posted: 17 Nov 2009
Jay R. Ritter
University of Florida - Department of Finance, Insurance and Real Estate

Abstract:

Loading...

Industry sectors, Stock offerings, Rates of return, Initial public offerings (IPO), Natural resources, Risk assessment, Underpricing

36.

Analyst Behavior Following IPOs: The Bubble Period Evidence

The Review of Financial Studies, Vol. 21, No. 1, pp. 101-133, 2008
Posted: 25 Jun 2008
Daniel Bradley, Bradford D. Jordan and Jay R. Ritter
University of South Florida, University of Kentucky - Gatton College of Business and Economics and University of Florida - Department of Finance, Insurance and Real Estate

Abstract:

Loading...

37.

The IPO Quiet Period Revisited

Journal Of Investment Management, Vol. 2, No. 3, Third Quarter 2004
Posted: 16 Sep 2004
University of South Florida, University of Kentucky - Gatton College of Business and Economics, University of Florida - Department of Finance, Insurance and Real Estate and Clemson University - Department of Finance

Abstract:

Loading...

Analyst initiations, Analyst recommendations, Quiet period, Initial Public Offerings

38.

The Quiet Period Goes Out with a Bang

The Journal of Finance, Vol. 58, pp. 1-36, 2003
Posted: 04 Jun 2003
Daniel Bradley, Bradford D. Jordan and Jay R. Ritter
University of South Florida, University of Kentucky - Gatton College of Business and Economics and University of Florida - Department of Finance, Insurance and Real Estate

Abstract:

Loading...

39.

Uniformly Least Powerful Tests of Market Efficiency

Journal of Financial Economics, Vol. 55, No. 3, March 2000
Posted: 15 Aug 2001
Tim Loughran and Jay R. Ritter
University of Notre Dame and University of Florida - Department of Finance, Insurance and Real Estate

Abstract:

Loading...

Market efficiency, Anomalies, New issues puzzle, Risk factors

40.

The New Issues Puzzle

JOURNAL OF FINANCE, VOL. 50, NO. 1, MARCH 1995
Posted: 03 May 2000
Tim Loughran and Jay R. Ritter
University of Notre Dame and University of Florida - Department of Finance, Insurance and Real Estate

Abstract:

Loading...

The Operating Performance of Firms Conducting Seasoned Equity Offerings

Journal of Finance, Vol. 52 No. 4, December 1997
Posted: 12 Apr 1998
Tim Loughran and Jay R. Ritter
University of Notre Dame and University of Florida - Department of Finance, Insurance and Real Estate

Abstract:

Loading...

The Operating Performance of Firms Conducting Seasoned Equity Offerings

Posted: 07 Feb 1995
Tim Loughran and Jay R. Ritter
University of Notre Dame and University of Florida - Department of Finance, Insurance and Real Estate

Abstract:

Loading...