CRAIG DUNBAR Office/Building #3R34G  Phone Number: (519) 661-3716  E-mail: cdunbar@ivey.uwo.ca

CURRENT RESEARCH INTERESTS
Investment banking

Initial Public Offerings

Withdrawn security offerings
Analyst recommendations and analyst turnover

WORKING PAPERS

Clarke, J., C. Dunbar and K. Kahle, 2005, "All Star Analyst Turnover, Investment Bank Market Share, and the Performance of Initial Public Offerings"

C. Dunbar and S. Foerster, 2005, "Second Time Lucky? Underwriter Switching and the Performance of Withdrawn IPOs that Return to the Market"

PUBLICATIONS

Clarke, J., C. Dunbar and K. Kahle, 2001, The Long-run Performance of Secondary Equity Issues: A Test of the Window of Opportunity Hypothesis?, Journal of Business, Forthcoming  

Long-Run Performance and Insider Trading in Completed vs. Canceled Seasoned Equity Offerings, with J. Clarke and K. Kahle,2001, Journal of Financial and Quantitative Analysis, 36(4), 415-430 (winner of the 2001 Sharpe Award for best paper) 

Factors Affecting Investment Bank Initial Public Offering Market Share, Journal of Financial Economics, 2000, 55(1), 3-41.

The Choice between Firm-Commitment and Best-Efforts Offering Methods in IPOs: The Effect of Unsuccessful Offers, Journal of Financial Intermediation, 1998, 7(1), 60-90.

Overallotment Option Restrictions and Contract Choice in Initial Public Offerings, Journal of Corporate Finance, 3(3), 1997, 251-275.

Private Information and the Cost of Trading Around Quarterly Earnings Announcements, with Michael Barclay (Simon School of Business), Financial Analyst Journal, December 1996, 75-84.

The Use of Warrants as Underwriter Compensation in Initial Public Offerings, Journal of Financial Economics, 1995, 38, 59-78.

OTHER LINKS

IPO withdrawals - Ivey Homecoming 2001 presentation

Presentations on databases at Ivey (4/23/04)

Google IPO - Story in National Post (8/25/04)