MANGERIAL STATISTICS QUESTION: A study of a developing country’s stock exchange showed that companies employing prestigi

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MANGERIAL STATISTICS QUESTION: A study of a developing country’s stock exchange showed that companies employing prestigi

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MANGERIAL 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?
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