Three essays on initial public offerings:
Gespeichert in:
| Beteilige Person: | |
|---|---|
| Format: | Buch |
| Sprache: | Englisch |
| Veröffentlicht: |
Helsinki
Helsinki School of Economics
1992
|
| Schriftenreihe: | Kauppakorkeakoulu <Helsinki>: Acta Academiae Oeconomicae Helsingiensis / A
85 |
| Schlagwörter: | |
| Links: | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=005955019&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| Umfang: | 126 S. |
| ISBN: | 951702343X |
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Datensatz im Suchindex
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Table of Contents
Page
ACKNOWLEDGEMENTS 3
INTRODUCTION 7
1 Introduction 7
2 Empirical evidence of initial IPO returns 8
3 Theories of short term initial returns 11
4 Hot issue markets and long run aftermarket Performance 24
5 Relation of the work to previous literature 30
ESSAY 1: WINNER S CURSE, LEGAL LIABILITY,
AND THE LONG RUN PRICE PERFORMANCE OF
INITIAL PUBLIC OFFERINGS IN FINLAND 37
1 Introduction 38
2 The institutional arrangements for IPOs in Finland 42
3 Methods and data 44
4 Initial returns and the winner s curse 52
5 The lawsuit avoidance hypothesis of IPO underpricing 59
6 Long run aftermarket Performance 61
7 Conclusions „ 70
Appendix: Characteristics of the sample IPOs 74
ESSAY 2: INITIAL IPO RETURNS AND THE CHARACTERISTICS
OF SUBSEQUENT SEASONED OFFERINGS IN FINLAND 76
1 Introduction 77
2 Data 81
3 Empirical results 86
4 Conclusion 107
ESSAY 3: WINNER S CURSE, ALLOCATION RULES,
AND OPTIMAL UNDERPRICING IN INITIAL PUBLIC OFFERINGS 110
1 Introduction 111
2 The model 112
3 The optimal underpricing in new issue markets 119
4 Compensation schemes and the winner s curse 122
5 Conclusion 124
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| id | DE-604.BV009008449 |
| illustrated | Not Illustrated |
| indexdate | 2024-12-20T09:30:23Z |
| institution | BVB |
| isbn | 951702343X |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-005955019 |
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| physical | 126 S. |
| publishDate | 1992 |
| publishDateSearch | 1992 |
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| publisher | Helsinki School of Economics |
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| series2 | Kauppakorkeakoulu <Helsinki>: Acta Academiae Oeconomicae Helsingiensis / A |
| spellingShingle | Keloharju, Matti Three essays on initial public offerings Bedrijfsfinanciering gtt Effectenbeurzen gtt Mathematisches Modell Going public (Securities) Mathematical models Börsenzulassung (DE-588)4139166-4 gnd |
| subject_GND | (DE-588)4139166-4 |
| title | Three essays on initial public offerings |
| title_auth | Three essays on initial public offerings |
| title_exact_search | Three essays on initial public offerings |
| title_full | Three essays on initial public offerings Matti Keloharju |
| title_fullStr | Three essays on initial public offerings Matti Keloharju |
| title_full_unstemmed | Three essays on initial public offerings Matti Keloharju |
| title_short | Three essays on initial public offerings |
| title_sort | three essays on initial public offerings |
| topic | Bedrijfsfinanciering gtt Effectenbeurzen gtt Mathematisches Modell Going public (Securities) Mathematical models Börsenzulassung (DE-588)4139166-4 gnd |
| topic_facet | Bedrijfsfinanciering Effectenbeurzen Mathematisches Modell Going public (Securities) Mathematical models Börsenzulassung |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=005955019&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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