Abstract:
The paper portrays the probing work in IPO due on investment banks rejoinders satisfaction banks. The and reactions the clarity of disclosures study is undertaken among functioning in Islamabad . to decision maker are vital for the investment banks Banks are despondent with disclosure of the firms and felt that firm contribute to asymmetrical information. The research is descriptive kind research. And it is based on secondary data . The main primary data are questionnaires take different investment banks and dispense feed back forms among those banks to assess their views. Finally we commence discussion to examine their responses in parallel to the questionnaires. It is determined that Company's CEO perception notably affects the underwriter selection and it is utterly dependent on internal management , rather top management satisfaction who are supposed to be involved in the decision making process regarding the choice of underwriter for IPO. The Critical features of our research are the testing of behavioral modeling theory hypothesis , in the developing countries like Pakistan . The aggressive attitude of changing underwriter is termed with firm size the bigger the firm the bigger risk of changing underwriter and the smaller ones are unlikely to change under writer infrequently . End revealed that the majority of the committed with one under writer, are due maker satisfaction.
