published_or_final_version / Business Administration / Master / Master of Business Administration

by So Tak Chee, Joshua. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1990. / Bibliography: leaves 65-67. / ABSTRACT --- p.ii / TABLE OF CONTENTS --- p.iii / LIST OF TABLES --- p.v / ACKNOWLEDGEMENT --- p.vi / Chapter / Chapter I. --- INTRODUCTION --- p.1 / Initial Public Offers in Hong Kong --- p.2 / The Companies --- p.2 / The Advising Agents --- p.4 / The Authorities --- p.6 / Comparison with Other Paths --- p.7 / Previous Studies on IPOs --- p.9 / Signaling Hypotheses --- p.9 / Underpricing of Initial Public Offers --- p.10 / Limitations in Study of Hong Kong IPOs --- p.11 / Scope and Significance of this Study --- p.12 / Chapter II. --- RESEARCH METHODOLOGY --- p.14 / Period of Study --- p.14 / Sourcing --- p.15 / Questionnaire --- p.15 / Design --- p.15 / Content --- p.15 / Administration and Outcome --- p.16 / Limitations --- p.17 / Opinion Poll --- p.17 / Sample --- p.17 / Administration and Outcome --- p.18 / P/E Comparison --- p.18 / Test of Underpricing Factors --- p.18 / Reputation of Advising Agents --- p.19 / Market Enviroment --- p.19 / Internal Factors --- p.20 / Data Analysis --- p.20 / Chapter III. --- MERCHANT BANKERS' VIEW ON IPO --- p.22 / Importance of the Business --- p.22 / Mechanism Behind the Job --- p.24 / Motives for Flotation --- p.24 / Initial Price Setting --- p.25 / Other Participants --- p.25 / Co-Workers --- p.26 / Competitors --- p.27 / Chapter IV. --- MERCHANT BANKERS' INFLUENCE ON IPO --- p.29 / Relative P/E Comparison --- p.29 / Subscription Rate --- p.30 / Price Performance --- p.32 / Primary Market --- p.32 / Secondary Market --- p.33 / Chapter V. --- TEST OF FACTORS ON IPO UNDERPRICING --- p.35 / Regression Outcomes --- p.35 / Significance of Factors --- p.40 / Advising Agents --- p.40 / Market Enviroment --- p.40 / Internal Factors --- p.40 / Chapter VI. --- CONCLUSION --- p.42 / APPENDIX --- p.44 / BIBILOGRAPHY --- p.65