主讲人Speaker: Jordan Neyland      副教授       美国本特利大学

时间Date & Time: 2025年11月10日（周一），上午10:30--12:00

地点Venue:粤海校区汇星楼一层2号教室

内容简介/ Abstract:

This study provides novel evidence that law firms representing issuers have a material impact on economic outcomes in the IPO market. Fixed effects for legal counsel explain a significant portion of the variation in IPO underpricing, comparable to underwriter fixed effects documented in prior studies. Issuer law firms also exhibit differential skill in moderating the likelihood of IPO-related litigation, and have an idiosyncratic influence on the structure of IPO disclosures. Accounting for endogenous selection, we document that law firms associated with lower rates of IPO-related litigation are also associated with less first-day underpricing and receive higher fees from their clients.

主讲人介绍/Biography of the speaker：

Jordan Neyland is an Associate Professor of Finance at Bentley University. Before joining Bentley, he was an Assistant Professor of Law at the Antonin Scalia Law School at George Mason University and a Senior Lecturer of Finance at the Faculty of Business and Economics at the University of Melbourne in Melbourne, Australia. In addition to full-time positions, he has worked as a Visiting Economist at the U.S. Securities and Exchange Commission and as a Visiting Scholar at the University of Pennsylvania Law School and American University's Kogod School of Business.

Professor Neyland’s research interests span law, finance, economics, and accounting, with papers in corporate acquisitions, governance, accounting policy, disclosure, and executive compensation. His work has been published in peer-reviewed journals, including the Journal of Accounting and Economics, Review of Accounting Studies, and Journal of Corporate Finance. He has also been cited frequently in the popular press, such as the Wall Street Journal and Marketwatch.