Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
Results
Showing 1 to 10 of 10 for “"IPO underpricing"”.
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The impact of investor sentiment on IPO underpricing
… by small investors is positively related to IPO underpricing. In addition to this firm specific investor sentiment, the market wide investor sentiment is also positively related with IPO underpricing significantly. Investor sentiment is positively related with IPO underpricing for both high …
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The impact of credit rating watchlist and effect of underwriter reputation on IPO underpricing
… an underwriter for an initial public offering (IPO). The study focuses on the issuer's preference over underwriter reputation. From GLM with fixed effects, we find that the issuer tends to choose a high-reputation underwriter when the IPO's expected offer size is large, the expected offer price …
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Underpricing on initial public offerings: further evidence from the JSE
This paper provides evidence of the existence of IPO underpricing on the JSE between 2000 and 2008. Average underpricing over the period was found to be 17.1 percent (median: 9.4 percent). In line with the general global decline in first day returns following the end of the internet bubble period, …
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Applications of Search Theory in Finance
… search model is set up to describe the pre-IPO market searching and matching process between private firms with intent to sell equity in an IPO and investment banks (IB) that underwrite the issue. Our model tightly links many IPO-related phenomena such as IPO underpricing and long run …
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Two Essays on Governance in IPO Firms
… collate a unique hand-collected dataset of 417 IPO firms for the 2001 to 2004 period, and study the effectiveness of governance and signaling mechanisms at an IPO. In chapter 1 our main contention is that current management research on IPOs has primarily looked at how corporate governance …
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Underpricing: Lessons from Bookbuilt Initial Public Offerings in Hong Kong
… tests the implications of some of the leading IPO underpricing models, using over five years of bid and allocation data on a Hong Kong sample of bookbuilt offerings, subject to clawback restrictions. I find that these allocation restrictions significantly modify the nature of the bookbuilding …
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Implications of investment banks’ reputation and specialisation on initial public offerings and corporate takeovers
… acquisitions (M&A) and initial public offering (IPO) settings. With regards to M&A settings, we study the impact of top-tier and boutique investment banks acting as financial advisors on the acquirer’s announcement returns and the deal’s time to resolution. Regarding IPO settings, we evaluate the …
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Essays on initial public offerings
… three essays on initial public offerings (IPO). The first chapter investigates the impact of venture capital (VC) syndicate size and diversity on the IPO and post-IPO performances of investee companies. We provide evidence that firms backed by larger and more diverse VC syndicates …
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Essays on the Economics of Entrepreneurship
… is to go public through initial public offers (IPO). Going public eases access to finance and rewards entrepreneurs for innovation. This chapter examines the links between the corporate ownership structures of an economy, focusing in particular on business groups, and the degree of average …
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The aftermarket performance of Chinese a share IPOs
… suggesting that the successful application of IPOs is nearly a sure way to make money in China. However, compared to other previous studies (especially those on the beginning period of Chinese stock market) on earlier period of Chinese stock market, the magnitude of initial returns has already …