IPO underpricing

Xem 1-4 trên 4 kết quả IPO underpricing

Doctoral thesis of Philosophy: Essays on the role of the incentives of issuers, transparency, and culture on the global IPO underpricing difference

Initial public offerings (IPOs) underpricing is a widely researched area in finance literature. Yet, empirical evidence demonstrating and theoretical models explaining differences in underpricing across countries have remained an enigma in academia for a long time. This thesis consists of three independently interconnected essays that explain differences in underpricing observed across the Group of Twenty (G20) IPO markets.

365p runthenight04 02-02-2023 8 2 Download

Doctoral thesis of Philosophy: Underwriter allocation discretion, investor participation and IPO pricing: evidence from the Indian IPO market

This thesis is divided into six chapters. The current chapter has introduced the thesis. Chapter 2 discusses the background of the institutional features of the Indian IPO market, including the grey market. Chapter 3 (Study 1) introduces an integrated conceptual framework of information sharing, with and without allocation discretion to underwriters. Chapter 4 (Study 2) applies signaling theory in the Indian IPO market setting to understand the effect of the information asymmetry between IPO investors.

234p runthenight04 02-02-2023 9 3 Download

Luận văn Thạc sĩ Kinh tế: Tác động việc phát hành cổ phiếu lần đầu ra công chúng đến tỷ suất sinh lợi trên thị trường Việt Nam

Đề tài nghiên cứu tác động của việc phát hành cổ phiếu lần đầu ra công chúng đến tỷ suất sinh lợi của 409 doanh nghiệp niêm yết trên sàn chứng khoán Việt Nam giai đoạn 2001-2012. Tác giả xem xét vấn đề định giá thấp-underpricing (giá ngày giao dịch đầu tiên/giá chào bán) và sử dụng tỷ suất sinh lợi bất thường tích lũy (CARs) để đo lường tỷ suất sinh lợi bất thường trong ngắn hạn và dài hạn ảnh hưởng bởi sự kiện phát hành lần đầu ra công chúng (IPO).

56p thiennhaikhach10 11-08-2021 17 4 Download
Research " Essays on the Equilibrium Valuation of IPOs and Bonds "

For decades, researchers have been puzzled by three sets of empirical results associated with the pricing of initial public o¤erings (IPOs). Besides the well-documented underpricing puzzle and hot-issue market puzzle1, severe long-run underperformance of IPOs is reported recently by Ritter (1991) and Loughran and Ritter (1995), suggesting that market ine¢ciency may be even more pervasive than previously recognized. Thus, the IPO market, albeit small in scale, has become a leading example of anomalies against the e¢cient market hypothesis (Fama 1998)....

152p mualan_mualan 25-02-2013 63 12 Download