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

37

DOWNLOADS
Rank 372

SSRN RANKINGS

Top 372

in Total Papers Downloads

36,468

CITATIONS
Rank 199

SSRN RANKINGS

Top 199

in Total Papers Citations

1,707

Scholarly Papers (37)

1.
Downloads 14,214 ( 155)
Citation 371

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
UCLA and University of Florida - Department of Finance, Insurance and Real Estate
Downloads 14,039 (157)
Citation 371

Abstract:

IPOs

A Review of IPO Activity, Pricing, and Allocations

NBER Working Paper No. w8805
Number of pages: 45 Posted: 21 Feb 2002
Ivo Welch and Jay R. Ritter
UCLA and University of Florida - Department of Finance, Insurance and Real Estate
Downloads 175 (134,267)
Citation 371

Abstract:

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

Abstract:

2.
Downloads 6,139 ( 715)
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 6,123 (708)
Citation 395

Abstract:

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 16 (457,653)
Citation 395

Abstract:

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 1,882 (5,451)
Citation 256

Abstract:

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

4.

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 1,655 (6,811)
Citation 14

Abstract:

Economic Growth, Equity Premium Puzzle

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 1,641 (6,669)
Citation 167

Abstract:

Short Sales, Limits to Arbitrage, Short Selling

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 1,454 (8,651)
Citation 73

Abstract:

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:

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

7.

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 1,397 (6,564)
Citation 11

Abstract:

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

8.

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 714 (24,404)
Citation 37

Abstract:

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

9.

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 684 (19,405)
Citation 1

Abstract:

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

10.

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, Ewing Marion Kauffman Foundation, 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, Saïd Business School, University of Oxford, Independent, Ewing Marion Kauffman Foundation, Harvard Business School - Finance Unit, Ewing Marion Kauffman Foundation, Ewing Marion Kauffman Foundation, Harvard University - Entrepreneurial Management Unit, University of San Diego School of Law, BATS Global Markets, Inc., AngelList, University of Florida - Department of Finance, Insurance and Real Estate, University of California, Berkeley - Coleman Fung Institute for Engineering Leadership, Fuqua School of Business, Duke University, Independent, SecondMarket, Babson College, Ewing Marion Kauffman Foundation and Astia
Downloads 612 (25,121)

Abstract:

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

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 481 (44,401)

Abstract:

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
University of Oregon - Department of Finance and University of Florida - Department of Finance, Insurance and Real Estate
Downloads 471 (41,842)
Citation 12

Abstract:

Spinning, IPOs, SEOs, Underpricing

13.

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 426 (50,056)
Citation 48

Abstract:

IPO, analyst, quiet period, bubble

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 330 (69,412)
Citation 62

Abstract:

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:

Initial public offerings, mutual funds, IPO allocations

15.
Downloads 325 ( 71,194)
Citation 5

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 324 (70,914)
Citation 5

Abstract:

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 (544,505)
Citation 5

Abstract:

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

16.

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
University of Oregon - Department of Finance and University of Florida - Department of Finance, Insurance and Real Estate
Downloads 315 (62,164)
Citation 17

Abstract:

IPOs, Underwriters, Oligopoly, Venture Capital, Analysts

17.

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 308 (52,091)
Citation 2

Abstract:

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

18.

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 254 (87,481)
Citation 16

Abstract:

IPOs, brokerage commissions

19.

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 - Department of Human & Community Development, University of California, Davis - Department of Human & Community Development and University of Florida - Department of Finance, Insurance and Real Estate
Downloads 246 (74,409)

Abstract:

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

20.

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 219 (65,504)
Citation 1

Abstract:

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

21.

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) - School of Finance and University of Florida - Department of Finance, Insurance and Real Estate
Downloads 198 (71,194)

Abstract:

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

22.

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 193 (115,386)
Citation 47

Abstract:

23.
Downloads 154 (150,224)

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 154 (150,419)

Abstract:

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

Abstract:

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

24.

Short Interest and Stock Returns

NBER Working Paper No. w10434
Number of pages: 47 Posted: 03 May 2004
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 150 (139,287)
Citation 158

Abstract:

25.

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 128 (84,709)
Citation 1

Abstract:

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

26.

Corporate Cash Shortfalls and Financing Decisions

Number of pages: 90 Posted: 04 Apr 2015 Last Revised: 17 Nov 2016
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 106 (87,128)

Abstract:

Cash Holdings, Security Issuance, SEO, Financing Decision, Capital Structure, Market Timing, Precautionary Saving, Corporate Lifecycle, Financial Flexibility, Static Tradeoff

27.

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 18 (430,775)
Citation 2

Abstract:

28.

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:

29.

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:

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

30.

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:

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

31.

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:

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

32.

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:

33.

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:

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

34.

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:

35.

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:

Market efficiency, Anomalies, New issues puzzle, Risk factors

36.

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:

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:

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: