:::

詳目顯示

回上一頁
題名:On IPO Market Anomalies through the Emerging Stock Market in Taiwan
書刊名:International Journal of Business and Economics
作者:Chen, Yi-shuanChu, Michelle Shin-Herng
出版日期:2010
卷期:9:1
頁次:頁57-76
主題關鍵詞:Initial public offeringOperating performanceEmerging stock market
原始連結:連回原系統網址new window
相關次數:
  • 被引用次數被引用次數:期刊(1) 博士論文(0) 專書(0) 專書論文(0)
  • 排除自我引用排除自我引用:1
  • 共同引用共同引用:0
  • 點閱點閱:43
Abstract This study investigates the long-term performance of initial public offering (IPO) firms in Taiwan since it established a pre-IPO market, the Emerging Stock Market (ESM), starting in 2002. The analytical results indicate that IPO firms in Taiwan suffer long-term post-issue deterioration in operating performance, and the difference in deterioration between ESM and direct listing firms is more significant for the Taiwan Stock Exchange than for the Gre Tai Securities Market. This phenomenon can be explained by the overly-optimistic-market-expectations and the window-of-opportunity hypotheses; however, managerial ownership control variables are not statistically significant.
期刊論文
1.Nohel, T.、Tarhan, V.(1988)。Share Repurchase and Firm Performance: New Evidence on the Agency Costs of Free Cash Flow。Journal of Finance Economics,49(2),187-222。  new window
2.Miller, E. M.(1977)。Risk, Uncertainty, and Divergence of Opinion。Journal of Finance,32(4),1151-1168。  new window
3.Chan, K. L.、Wang, J.、Wei, K. C. J.(2004)。Underpricing and long-term performance of IPOs in China。Journal of Corporate Finance,10(3),409-430。  new window
4.Mikkelson, W. H.、Partch, M. M.、Shah, K.(1997)。Ownership and Operating Performance of Companies That Go Public。Journal of Financial Economics,44(3),281-307。  new window
5.Benveniste, Lawrence M.、Spindt, Paul A.(1989)。How Investment Bankers Determine the Offer Price and Allocation of New Issues。Journal of Financial Economics,24(2),343-361。  new window
6.Rock, Kevin(1986)。Why New Issues Are Underpriced?。Journal of Financial Economics,15(1/2),187-212。  new window
7.Loughran, Tim、Ritter, Jay R.、Rydqvist, Kristian(1994)。Initial Public Offerings: International Insights。Pacific-Basin Finance Journal,2(2/3),165-199。  new window
8.Jain, Bharat A.、Kini, Omesh(1994)。The Post-Issue Operating Performance of IPO Firms。Journal of Finance,49(5),1699-1726。  new window
9.Loughran, Tim、Ritter, Jay R.(1995)。The New Issues Puzzle。The Journal of Finance,50(1),23-51。  new window
10.Ritter, Jay R.(1991)。The Long-run Performance of Initial Public Offerings。Journal of Finance,46(1),3-27。  new window
11.Jensen, Michael C.、Meckling, William H.(1976)。Theory of the firm: Managerial behavior, agency costs and ownership structure。Journal of Financial Economics,3(4),305-360。  new window
12.Loughran, Tim、Ritter, Jay R.(1997)。The operating performance of firms conducting seasoned equity offerings。Journal of Finance,52,1823-1850。  new window
13.Derrien, Francois、Kecskés, Ambrus(2007)。The Initial Public Offerings of Listed Firms。Journal of Finance,62,447-479。  new window
14.Kutsuna, K.、Okamura, H.、Cowling, M.(2002)。Ownership Structure Pre- and Post-IPOs and the Operating Performance of JASDAQ Companies。Pacific-Basin Financial Journal,10,163-181。  new window
15.Chen, G.、Firth, M.、Kim, J. B.(2000)。The Post-Issue Market Performance of Initial Public Offerings in China's New Stock Markets。Review of Quantitative Finance and Accounting,14,319-339。  new window
16.Yan, D.、Cai, J.(2003)。Long-Run Operating Performance of Initial Public Offerings in Japanese Over-the-Counter Market (1991-2001): Evidence and Implications。Asia-Pacific Financial Markets,10,239-274。  new window
 
 
 
 
第一頁 上一頁 下一頁 最後一頁 top
:::
無相關博士論文
 
無相關書籍
 
無相關著作
 
無相關點閱
 
QR Code
QRCODE