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.
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Showing 1 to 20 of 53 for “"Initial public offerings"”.
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Essays on initial public offerings
The present dissertation includes 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 …
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The valuation and pricing of initial public offerings
Going public is an incredibly exciting and dynamic event in a company's life. The company and its management are transformed and will forever have to conduct their business differently. During the mid to late 1990s, many companies went public, creating multitudes of instant millionaires overnight, …
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Alternative valuation methods of biotechnology initial public offerings
Thesis (M.B.A.)--Massachusetts Institute of Technology, Sloan School of Management, 1996.
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The performance of initial public offerings on the JSE
This study examined the performance 60 initial public offerings listing on the JSE main board between 1 January 2000 and 31 December 2011. Significant underpricing of 10.1% and 8.5% was found to exist on the first day and during first week subsequent to the IPO. Underperformance of 14.17% was found …
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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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Underpricing: Lessons from Bookbuilt Initial Public Offerings in Hong Kong
… each representing an independent study on Initial Public Offers. The first study 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 …
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Earnings management and accounting choices in initial public offerings : Evidence from Indonesia
… asymmetry about the value of the firm making initial public Offering and the potential investors exists. This thesis investigates whether issuers of initial public affairs (IPOs) use accounting discretion to increase the reported earnings through the choice of accounting methods. Anecdotal …
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The timing of initial public offerings and the role of investment banks
… comprises an investigation of the timing of initial public offerings (IPOs) and the role therein, of investment banks, in taking firms public. Most prior studies of IPOs and seasoned equity offerings (SEOs) investigate timing with respect to firm-specific or economy-wide conditions. Also, the …
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The long-run investment performance of initial public offerings (IPOs) in South Africa
This study investigated the long-run investment performance of 411 South African IPOs during the period 1992 to 2007. Consistent with historical studies, no evidence of abnormal performance was found on a calendar-time approach using the Fama- French (1993) three-factor model. While the long-run …
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Implications of investment banks’ reputation and specialisation on initial public offerings and corporate takeovers
… outcomes of mergers and 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 …
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Essays On The Role Of Competitor-Specific Human Capital On Initial Public Offerings (ipos) Performance
<p>This dissertation splits the idea of competitor-specific human capital into two types: competitor-specific-direct (CSD) human capital and competitor-specific-indirect (CSI) human capital, and inspects how these two types of human capital held by IPO Top Management Team (TMT) members are …
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Heterogeneity in Institutional Context and Its Impact on Initial Public Offerings and Corporate Social Responsibility
… corporate social responsibility, gender, and initial public offering literatures. In the two chapters that make up this dissertation, I theorize and empirically show that the institutional context varies not only between countries or groups of countries, but also domestically; and this …
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Evaluation of Market Performance of Initial Public Offerings (IPOs) and Its Determinants: Evidence from Australian IPOs
To determine whether Australian initial public offerings (IPOs) underprice in the short run and underperform in the long run, and to identify their determinants, this study investigated the short-run and the long-run stock market performance of 254 IPOs listed during 2006 to 2011 by industry and …
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The role of investment banker reputation in initial public offerings : evidence from the NASDAQ bubble era
The certification role of investment banks in the initial public offering (IPO) market has been well documented. Extant literature reports a negative relationship between the prestige of the investment banker and both the first-day price run-up (Carter and Manaster (1990) and long run performance …
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Timing of initial public offerings, seasoned equity offerings and takeover bids financed with equity: UK evidence
… Our main motivation is to see whether the Initial Public Offerings, Seasoned equity offerings and Takeover activity financed with equity move together. Our second motivation is to see whether certain individual factors affect the timing of the three corporate activities. We focus our …
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Analyses if initial public offerings (IPO) impact on companies financial performances listed in NASDAQ Baltic 2016-2019 /
… aim of this study was to analyse the impact of initial public offerings (IPO) on companies’ financial performances listed in NASDAQ Baltics during 2016 to 2020. Theoretical part of the research will analyse why companies decide to go public (business cycle, better crediting, financing …
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An empirical study of unit IPOS in the UK: why do firms include warrants in initial public offerings?
… underwritten by less reputable underwriters. The initial return results provide strong support to the Agency Cost hypothesis that unit IPOs is significantly more underpriced than share-only IPOs. Unit firms have lower survival rate than that of share-only IPO firms; however, unit firms that do …
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A cost benefit analysis of initial public offerings of equity REITs and prospects for growth in the industry
Thesis (M.S.)--Massachusetts Institute of Technology, Dept. of Urban Studies and Planning, 1992.
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Risk, Reputation, and Interdependence in the Market for Initial Public Offerings: Embedded Networks and the Construction of Organization Value
… and selling organizations in the market for initial public offerings. I develop a dual-process model of market mediation to explain how investment banks, acting as transaction intermediaries, use their organizational reputation and networks of relationships with institutional investors and …
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The skewness preference of investors in initial public offerings in the long run: A theoretical and empirical test of Asset Pricing Models
The underperformance of initial public offerings (IPOs) in the long run has been widely documented. Using a sample of 2537 IPOs from the 1980-1999 period, this research explores the importance of skewness as an explanation the underperformance phenomenon. The results shoe that both the event time …
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