by Chan Tse-Kit, Chau Wing-Hong. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1996. / Includes bibliographical references (leaves 41-44). / ABSTRACT --- p.ii / TABLE OF CONTENTS --- p.iii / ACKNOWLEDGMENTS --- p.v / Chapter I. --- INTRODUCTION --- p.1 / Chapter II. --- OBJECTIVES --- p.4 / Chapter III. --- LITERATURE REVIEW --- p.5 / Chapter IV. --- DATA SAMPLE AND SOURCES --- p.10 / Chapter V. --- METHODOLOGY --- p.11 / Chapter VI. --- LIMITATIONS --- p.16 / Survival Bias --- p.16 / Time Lag --- p.16 / Change Financial Year End --- p.17 / Chapter VII. --- SAMPLE SUMMARY STATISTICS --- p.18 / Number of Samples --- p.18 / Sample Characteristics at Year 0 (Listing Year) --- p.19 / Implications --- p.19 / Chapter VIII. --- SUMMARY RESULTS --- p.20 / All Samples/No Segmentation --- p.20 / ROA --- p.20 / Profit Margin --- p.21 / Assets/Turnover --- p.21 / Current Ratio --- p.22 / ROE --- p.23 / EPS --- p.23 / Summary --- p.23 / Segmented by Assets Size in Year -1 --- p.25 / RQA --- p.25 / Profit Margin --- p.26 / ROE --- p.27 / EPS --- p.28 / Summary --- p.29 / Segmented by Major Shareholders' % Share in Year 0 --- p.30 / ROA --- p.30 / Profit Margin --- p.31 / ROE --- p.32 / EPS --- p.33 / Summary --- p.33 / Chapter IX. --- FINDINGS --- p.34 / Decline in Operating Performance --- p.34 / Asset Size --- p.36 / Relation between Managerial Ownership Retention and Operating Performance --- p.37 / Debt Reduction --- p.37 / Chapter X. --- RECOMMENDATIONS TO INVESTORS --- p.38 / Read the Prospectus Carefully --- p.38 / Be Aware of the Pattern --- p.39 / Chapter XI. --- CONCLUSIONS --- p.40 / BIBLIOGRAPHY --- p.41 / APPENDICES

Sun Yuekang. / Thesis submitted in: October 1999. / Thesis (M.Phil.)--Chinese University of Hong Kong, 2000. / Includes bibliographical references (leaves 40-44). / Abstracts in English and Chinese.

by Ng Chi-Cheong, Allen, Tsea Po Kwan. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1999. / Includes bibliographical references (leaves 39-41). / ABSTRACT --- p.ii / TABLE OF CONTENTS --- p.iii / LIST OF ILLUSTRATIONS --- p.v / LIST OF TABLES --- p.vi / ACKNOWLEDGEMENT --- p.vii / Chapter / Chapter I. --- INTRODUCTION --- p.1 / Chapter II --- LITERATURE REVIEW --- p.3 / General Review --- p.3 / Model Review --- p.6 / Rock´ةs Model --- p.6 / Principal-Agent Model --- p.7 / Signaling Model --- p.11 / Chapter III --- H SHARES LISTING PROCEDURE --- p.13 / Chapter IV --- DATA AND METHODOLOGY --- p.17 / Research Period and Source --- p.17 / Measures of Underpricing --- p.18 / Chapter V --- RESULTS AND DISCUSSION --- p.23 / Underpricing of H shares IPOs --- p.23 / Regression Model --- p.25 / Chapter VI --- CONCLUSION --- p.30 / APPENDIX --- p.34 / BIBLIOGRAPHY --- p.38

Xu, Lin. / Thesis (Ph.D.)--Chinese University of Hong Kong, 2013. / Includes bibliographical references (leaves 128-131). / Electronic reproduction. Hong Kong : Chinese University of Hong Kong, [2012] System requirements: Adobe Acrobat Reader. Available via World Wide Web. / Abstract also in Chinese.

Part B examines the relationship between firm board quality and initial underpricing and the post-IPO performance of 73 H-share and Red-chip share firms from 1993 to 2000. I hypothesize that a high quality board can convey the firm's intrinsic value to the market, thereby reducing the information asymmetry in the firm. Therefore, IPOs of firms with higher management quality will be characterized by lower underpricing level and higher aftermarket long-term stock performance. The level of underpricing is 32% for the sample firms. My result shows that firms with more foreigners on board tend to have a lower IPO underpricing level. The aftermarket, long-term downward drift is confirmed relative to all of the six benchmarks used in this paper. More foreigners on board are positively related to the post-IPO long-term stock performance. In summary, the results show that the management quality of directors has a positive influence on long-term post-IPO stock performance. / This paper consists of two parts. Part A This paper investigates the determinants of the adoption of executive stock option plans in Japanese firms and measures the market reaction of executive stock option grants. I find that firms with larger size, and low leverage level are more likely to adopt executive stock options. I also find that keiretsu firms in Japan are less likely to adopt stock options. In those firms that grant stock options, firms with high liquidity and those operate in noisier environment tend to use more option incentives. Japanese firms exhibit significant abnormal stock returns about 0.4% of at the announcement day. / Zhang Ling. / "March 2006." / Source: Dissertation Abstracts International, Volume: 67-11, Section: A, page: 4287. / Thesis (Ph.D.)--Chinese University of Hong Kong, 2006. / Includes bibliographical references (p. 162-169). / Electronic reproduction. Hong Kong : Chinese University of Hong Kong, [2012] System requirements: Adobe Acrobat Reader. Available via World Wide Web. / Electronic reproduction. [Ann Arbor, MI] : ProQuest Information and Learning, [200-] System requirements: Adobe Acrobat Reader. Available via World Wide Web. / Electronic reproduction. Ann Arbor, MI : ProQuest dissertations and theses, [200-] System requirements: Adobe Acrobat Reader. Available via World Wide Web. / Abstracts in English and Chinese. / School code: 1307.

by Ching Chi Keung. / Thesis (M.Phil.)--Chinese University of Hong Kong, 1996. / Includes bibliographical references (leaves 89-91). / Chapter 1. --- Introduction --- p.3 / Chapter 2. --- Literature Review --- p.9 / Chapter 3. --- Data --- p.17 / Chapter 4. --- Profile of IPOs in Hong Kong --- p.24 / Chapter 5. --- Methodology --- p.27 / Chapter 6. --- Results --- p.43 / Chapter 7. --- Comparison with the study in U. S --- p.57 / Chapter 8. --- Summary --- p.61 / Chapter 9. --- Tables --- p.64 / Chapter 10. --- Results of statistical test --- p.70 / Chapter 11. --- Charts --- p.72 / Chapter 12. --- Appendixes --- p.79 / Chapter 13. --- Reference --- p.89

by Cheong Mei Kin, Sung Shuk Ka. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1997. / Includes bibliographical references (leaves 94-99). / ABSTRACT --- p.ii / ACKNOWLEDGEMENT --- p.iv / TABLE OF CONTENTS --- p.v / LIST OF TABLES --- p.vii / LIST OF GRAPHS --- p.viii / Chapter / Chapter I. --- INTRODUCTION --- p.1 / Chapter II. --- REVIEW OF THEORY AND LITERATURE --- p.4 / Rock's Model (Adverse Selection) --- p.5 / Principal - Agent Model --- p.6 / Signalling Model --- p.8 / Heterodox Explanations --- p.11 / Ownership Structure --- p.16 / Chapter III. --- REVIEW OF PREVIOUS WORK IN HONG KONG --- p.18 / Initial Public Offering in Hong Kong: Procedures and Regulations --- p.18 / Underpricing of IPOs before the Merger of Hong Kong Stock Exchanges --- p.20 / P.McGuiness's Work --- p.21 / Chapter IV. --- DATA AND METHODOLOGY --- p.22 / Research Period and Data Description --- p.22 / Measures of Underpricing --- p.23 / Grouping of Data --- p.25 / Test for Rock's Model --- p.29 / Chapter V. --- RESULT AND DISCUSSION --- p.32 / Underpricing of IPOs in Hong Kong --- p.32 / Listing Methods and Underpricing of IPOs --- p.34 / Stock Groups and Underpricing of IPOs --- p.36 / Different Years of Underpricing Levels --- p.40 / Subscription Ratios and Underpricing --- p.44 / Capital Raising and Underpricing --- p.48 / Test of Rock's Model --- p.51 / Chapter VI. --- CONCLUSION --- p.56 / APPENDIX --- p.59 / Chapter 1. --- Warrant Effect On Underpricing Level Of IPOs (1990- 1996) --- p.59 / Chapter 2. --- Listing Method Effect On Underpricing Level Of IPOs (1990 -1996) --- p.60 / Chapter 3. --- Stock Group Effect On Underpricing Level Of IPOs (1990-1996) --- p.63 / Chapter 4. --- Different Years of Underpricing Level Of IPOs (1990- 1996) --- p.72 / Chapter 5. --- Subscription Ratio Effect On Underpricing Level Of IPOs (1990- 1996) --- p.77 / Chapter 6. --- Amount of Capital Raised Effect On Underpricing Level Of IPOs (1990- 1996) --- p.81 / Chapter 7. --- Initial Public Offerings in Hong Kong (Jan. 1990 - Nov. 1996) --- p.84 / BIBLIOGRAPHY --- p.94

Thesis (M.B.A.)--University of Hong Kong, 1996. / Includes bibliographical references.

published_or_final_version / Business Administration / Master / Master of Business Administration

published_or_final_version / Economics and Finance / Doctoral / Doctor of Philosophy