by Lui Man-wai, Erik, Szeto Fong-wa, Jenny. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1994. / Includes bibliographical references (leaves 35-37). / ABSTRACT --- p.i / ACKNOWLEDGEMENT --- p.ii / Chapter / Chapter I. --- INTRODUCTION --- p.1 / Chapter II. --- BACKGROUND OF THE HK WARRANTS MARKET --- p.2 / Chapter III. --- LITERATURE REVIEW --- p.6 / Chapter IV. --- METHODOLOGY --- p.11 / Data --- p.14 / Chapter V. --- EMPIRICAL RESULTS --- p.19 / Price Effect --- p.19 / Excess Return --- p.19 / Variance --- p.20 / Beta --- p.25 / Trading Volume --- p.26 / Chapter VI. --- CONCLUSIONS --- p.28 / Recommendations --- p.30 / APPENDIX --- p.34 / REFERENCES --- p.35

by Hui Sheung Yin, Yim Kam Kin. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1994. / Includes bibliographical references (leaves 69-70). / abstract --- p.ii / table of contents --- p.iii / list of tables --- p.v / acknowledgments --- p.vi / Chapter Chapter I. --- INTRODUCTION --- p.1 / Chapter Chapter II. --- literature review --- p.4 / Ivo Welch (1989) --- p.4 / Rock (1986) --- p.5 / Beatty and Ritter (1984) --- p.6 / "Kim, Krinsky and Lee (1993)" --- p.7 / McGuiness (1990) --- p.8 / Grinblatt and Hwang (1989) --- p.9 / Thomas J. Chemmanur (1993) --- p.10 / Chapter Chapter III. --- RESEARCH METHODOLOGY --- p.11 / Data Description --- p.11 / The Measurement of Underpricing Levels - --- p.14 / The Determination of IPO Underpricing --- p.17 / Explanation 1 for IPO: Uncertainty --- p.19 / Explanation 2 for IPO： Underwriter's Quality --- p.20 / Explanation 3 for IPO： Signaling Effect --- p.22 / Chapter Chapter IV. --- RESULTS AND DISCUSSION --- p.24 / First Day Initial Excess Return --- p.24 / Correlation between Initial Excess Return and determinations --- p.27 / Multivariate Regression Analysis --- p.29 / Chapter Chapter V. --- CONCLUSION --- p.36 / APPENDIXES / Chapter 1. --- Listing Requirements and Methods of Listing (For Equity Securities) --- p.38 / Chapter 2. --- Ranking of Underwriters --- p.41 / Chapter 3 . --- Correlation Matrix for Initial Excess Return and Explanatory Variables --- p.43 / Chapter 4. --- Selected Hong Kong Initial Public Offerings April 86 - December 92 --- p.44 / Chapter 5. --- Percentage Price Change From Offer Price of the end of the First Trading Day --- p.51 / Chapter 6. --- "Daily Excess Return, Periods: First Day to Seventh Day after listing" --- p.55 / Chapter 7. --- "Daily Excess Return, Periods: 8th to 10th, 15th, 20th, 25th and 30th day after listing" --- p.62 / BIBLIOGRAPHY --- p.69

by Li Kwing-hong, Alvin, Tang Chun-sing, Roger. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1988. / Bibliography: leaf 71.

by Leung Wang Shek, Alice K.Y. Tsang. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1981. / Bibliography: leaf 136.

by Cheung Siu-fai, Dickson, Mak Wai-man, Raymond. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1995. / Includes bibliographical references (leaves 69-70). / ABSTRACT --- p.ii / TABLE OF CONTENT --- p.iii / LIST OF TABLES --- p.v / LIST OF FIGURES --- p.v / ACKNOWLEDGMENTS --- p.vi / INTRODUCTION --- p.1 / Current Situation --- p.1 / Description of Initial Public Offers --- p.2 / Initial Public Offers Versus Other Floatation Methods --- p.3 / IPO Procedures And Requirements In Hong Kong --- p.4 / Authorities Related To Initial Public Offers --- p.6 / Statistics of Initial Public Offers In Hong Kong From 1990 To 1994 --- p.6 / Sponsor --- p.7 / Underwriter --- p.7 / LITERATURE REVIEW --- p.10 / Previous Studies on IPO --- p.10 / Limitations of Previous Studies on IPOs in Hong Kong --- p.11 / Scope and Significance of The Study --- p.12 / DATA SOURCES AND SAMPLE DESCRIPTION --- p.14 / Data Sources --- p.14 / Sample Description --- p.15 / RESEARCH METHODOLOGY --- p.18 / Objectives --- p.18 / Neutralization of the Effects of HSI and Dividend --- p.19 / Assumptions --- p.20 / Framework of Analysis --- p.21 / Statistical Methods --- p.21 / Chapter i. --- First Layer - Correlation Model --- p.22 / Chapter ii. --- Second Layer - Regression Model --- p.23 / DATA ANALYSIS AND FINDINGS --- p.25 / Predictability Of IPO Performance --- p.25 / Chapter i. --- Empirical Evidence --- p.25 / Chapter ii. --- Framework Of Offer Period --- p.26 / Chapter iii. --- Correlation Coefficient --- p.26 / Chapter iv. --- Regression Model --- p.27 / Chapter v. --- Implications --- p.31 / Impact of First-day IPO Return on Underwriter's Market Value --- p.33 / Chapter i. --- Empirical evidence --- p.33 / Chapter ii. --- Framework of Offer period --- p.34 / Chapter iii. --- Correlation coefficient --- p.34 / Chapter iv. --- Regression model --- p.35 / Chapter v. --- Implications --- p.37 / Separation of Lead-underwriters and Co-underwriters --- p.38 / Chapter i. --- Lead-underwriters --- p.38 / Chapter ii. --- Co-underwriters --- p.41 / Chapter iii. --- Implications --- p.41 / CONCLUSIONS --- p.42 / FURTHER CONSIDERATIONS --- p.45 / APPENDIX --- p.47 / BIBLIOGRAPHY --- p.69

by Lau Chi-keung, Edward, Lee Chi Wing. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1995. / Includes bibliographical references (leaves 49-51). / ABSTRACT --- p.ii / TABLE OF CONTENTS --- p.iii / LIST OF FIGURES --- p.v / LIST OF TABLES --- p.vi / ACKNOWLEDGEMENT --- p.viii / Chapter / Chapter I. --- INTRODUCTION --- p.1 / Chapter II. --- WARRANTS AND WARRANT MARKET --- p.2 / General Issue of Warrants and Covered Warrants --- p.2 / Hong Kong Warrant Market --- p.3 / Chapter III. --- MULTIPLE COVERED WARRANT LISTING ISSUE --- p.6 / Chapter IV. --- LITERATURE REVIEW --- p.7 / Theoretical Reviews --- p.7 / Empirical Studies --- p.9 / Chapter V. --- METHODOLOGY --- p.13 / Data Selection --- p.13 / Analysis Method --- p.14 / Abnormal Return --- p.15 / Total Volatility --- p.16 / Systematic Risk --- p.16 / Trading Volume --- p.16 / Chapter VI. --- EMPIRICAL RESULTS --- p.18 / Abnormal Return --- p.18 / Systematic Risk --- p.20 / Total Volatility --- p.21 / Trading Volume --- p.24 / Chapter VII. --- DISCUSSION OF RESULTS --- p.30 / Abnormal Return --- p.31 / Total Volatility and Systematic Risk --- p.32 / Trading Volume --- p.35 / Chapter VIII. --- LIMITATIONS OF STUDY --- p.36 / Chapter IX. --- CONCLUSION --- p.39 / Chapter X. --- RECOMMENDATIONS --- p.40 / APPENDIX --- p.43 / List of Covered Warrants Issued from Jan 1989 to Dec 1992 --- p.43 / List of Covered Warrants in the Sample Set --- p.44 / Primary Result of Abnormal Return Analysis --- p.45 / Primary Result of Systematic Risk Analysis --- p.46 / Primary Result of Total Volatility Analysis --- p.47 / Primary Result of Trading Volume Analysis --- p.48 / BIBLIOGRAPHY --- p.49

jointly presented by Lau Chi Yuen, Joseph, Wong Chi Ho. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1995. / Includes bibliographical references (leaves 92-96). / ABSTRACT --- p.ii / TABLE OF CONTENTS --- p.iv / Chapter CHAPTER I --- INTRODUCTION --- p.1 / Chapter CHAPTER II --- THE MOTIVATION OF DERTVATIVES TRANSACTIONS --- p.3 / Chapter CHAPTER III --- MAJOR TYPE OF DERIVATIVES TRADING IN EXCHANGE MARKET AND OTC MARKET IN HONG KONG --- p.7 / Exchange Traded Derivatives --- p.7 / Index Option --- p.7 / Strategies of option trading --- p.9 / Ratio covered writing --- p.9 / Bull/Bear Spreads --- p.10 / Butterfly Spreads --- p.11 / Calendar Spreads --- p.12 / Straddle --- p.13 / Strips and Straps --- p.14 / Strangles --- p.14 / Index Future --- p.15 / Spreading Trading --- p.16 / Warrants and Covered Warrants --- p.16 / Other derivatives --- p.19 / OTC (Over-The-Counter) Derivatives --- p.20 / Equity or equity-linked derivatives --- p.20 / Advantages of equity-linked derivatives --- p.20 / Equity-Linked Debt Instruments --- p.21 / Equity Swaps --- p.23 / The Future of Equity Swap Market --- p.27 / Equity options --- p.27 / OTC Stock options --- p.28 / Collar --- p.28 / Spread Call or Put (Capped Call or Put) --- p.29 / Barrier options --- p.30 / Convertible Bonds --- p.31 / OTC Currency Derivatives --- p.31 / Currency Options --- p.32 / Currency Swaps --- p.33 / Currency forwards --- p.33 / Currency Asian Option --- p.33 / Interest Rate Derivatives --- p.34 / Interest rate swap --- p.34 / Interest rate swaptions --- p.35 / Interest rate forward swaps --- p.35 / "Interest rate cap, floor and collar" --- p.35 / Chapter CHAPTER IV --- GROWTH OF ASIAN AND HONG KONG DERIVATIVES MARKET --- p.37 / Bookrunners in Asia --- p.39 / Growth of OTC markets in Asia --- p.41 / Chapter CHAPTER V --- PRICING MODELS FOR THE DERIVATIVES --- p.46 / Black-Scholes differential equation --- p.46 / For HSI call option --- p.47 / For HSI put options --- p.47 / Binomial Trees Model --- p.50 / Valuation of Convertible Bond --- p.50 / Swap Pricing - Banker rs Perspective --- p.51 / Decreasing Profit Margin in Swap Deal --- p.53 / Chapter CHAPTER VI --- THE APPLICATION OF DERIVATIVES IN HONG KONG MARKET --- p.54 / Corporations --- p.54 / Lowering Funding Costs through Arbitrage Opportunity or Issuance of Customized Instruments --- p.55 / Diversifying Funding Sources --- p.55 / Funding Operations in Multiple Countries at Lowest Cost --- p.56 / Managing Foreign Exchange Exposures --- p.56 / Hedging the cost of Issuing Floating-Rate and Fixed-Rate Debt --- p.57 / Hedging the Cost of Anticipated Issuance of Fixed-Rate Debt --- p.58 / Managing Existing Debt of Asset Portfolio --- p.58 / Institutional Investors --- p.59 / Enhancing Yields Through Arbitrage Opportunities --- p.59 / Asset Allocation using Swap --- p.59 / Synthetic Equity --- p.59 / Synthetic FRN --- p.60 / The Benefits of Swap in Asset Management --- p.62 / Eliminate Currency Risk --- p.62 / Managing Risk Exposure with Customized instruments --- p.63 / Individual investors --- p.63 / "Financial Institutions," --- p.64 / Greater Progress in Asian Markets Risk Management Still Lies Ahead --- p.64 / Chapter CHAPTER VII --- RISK MANAGEMENT --- p.65 / Concerns of risk management --- p.65 / "What can be done by the clients," --- p.67 / What can be done by regulators --- p.69 / Chapter CHAPTER VIII --- RISK MANAGEMENT - BANKERS PERSPECTIVE --- p.71 / Reasons for Investment in risk management --- p.71 / Profit by taking more of the right risks --- p.71 / Internationalization of markets --- p.72 / Greater variety and complexity of financial instruments --- p.73 / Risk management in Action --- p.74 / A Common Framework in Risk Management --- p.74 / Identification --- p.74 / Measurement --- p.74 / Management --- p.76 / Measuring Volatility - Past Vs Future --- p.76 / Market Risk Management --- p.78 / Basic Information Views --- p.78 / Trader's View --- p.79 / Accountant's View --- p.79 / Management's View --- p.80 / Simulation to Describe Risks --- p.80 / Reality Check --- p.83 / Reporting in Action --- p.84 / "Risk Management at Large Investment Banks Today," --- p.85 / APPENDIX I SIMULATION OF DELTA HEDGING --- p.88 / BIBLIOGRAPHY --- p.92

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

by Ng Shiu Cheong, Albert, Wong Shuk King, Grace. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1991. / Bibliography: leaf 51. / ABSTRACT --- p.ii / TABLE OF CONTENT --- p.iv / ACKNOWLEDGEMENT --- p.vi / Chapter I. --- INTRODUCTION --- p.1 / General Background --- p.1 / Nature of rights issue --- p.2 / Reasons for company to raise funds through rights issue --- p.3 / Mechanics of rights offering --- p.3 / Underwriting rights issue --- p.4 / Trading of rights by shareholders --- p.4 / The intrinsic value of rights --- p.6 / Trading Rights in practice --- p.7 / Legal aspects of rights issue --- p.9 / Chapter II. --- VALUATION OF UNDERWRITING AGREEMENTS FOR RIGHTS ISSUES - THE BLACK AND SCHOLES MODEL --- p.11 / Introduction --- p.11 / Risks associated with rights issue --- p.12 / Underwriting agreement --- p.13 / The British versus American system --- p.14 / The Black and Scholes model --- p.16 / The Model --- p.16 / Empirical Findings of Underwriting Agreement --- p.18 / Comment --- p.19 / Chapter III. --- PRICING OF UNDERWRITING AGREEMENT IN HONG KONG --- p.20 / Basic Information --- p.20 / Option Pricing Model and Valuation of Underwriting Agreement --- p.21 / Assumed Price Model for Ex-post Stock Price in using Black-Scholes Model in Valuing Underwriting Agreement for Rights Issue --- p.22 / Methodology of study and Sampling --- p.23 / Estimation of variance of the stock's return --- p.25 / Hypothesis of Testing --- p.26 / Results of Analysis --- p.26 / Sensitivity of underwriting agreement value to the variables in the Black-Scholes model --- p.29 / Chapter IV. --- A NEW METHOD FOR PRICING THE UNDERWRITING AGREEMENTS FOR RIGHTS OFFERINGS --- p.35 / General overview --- p.36 / A New Price Model for the Ex-post Stock Price --- p.36 / The Model --- p.36 / Upper and Lower Bound for the Premium by K.K. Aase' s model --- p.38 / Analysis of Results --- p.40 / Chapter V. --- CONCLUSION --- p.43 / EXHIBIT 1 / "AMOUNT RAISED BY DIFFERENT METHODS IN THE MARKET, 1989" --- p.45 / APPENDIX 1 / LEGAL ASPECTS OF A RIGHTS ISSUES --- p.46 / BIBLIOGRAPHY --- p.51

Leung Kam Pui, Calvin, Ip Koon Tung, Patrick. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1993. / Includes bibliographical references (leaf 50). / Chapter Chapter1 --- Introduction --- p.3 / Chapter Chapter 2 --- Methodology --- p.6 / Chapter Chapter 3 --- Market Profile --- p.9 / Chapter Chapter 4 --- Theoretical Framework --- p.16 / Chapter Chapter 5 --- Analysis / Chapter Chapter 6 --- Case Study - Champaign Industrial Co --- p.44 / Chapter Chapter 7 --- Conclusion --- p.47 / Appendix 1. Bibliography --- p.50 / Chapter 2. --- Related Regulations with the Shenzhen Stock Market --- p.53 / Chapter 3. --- Shareholding System --- p.54 / Chapter 4. --- Requirements for New Listing --- p.56 / Chapter 5. --- Settlement Procedure --- p.58 / Chapter 6. --- "How ""B"" Shares are Traded" --- p.60 / Chapter 7. --- List of Authorised Securities Companies --- p.61 / Chapter 8. --- "Company Profiles of ""B"" Shares" --- p.63 / Chapter 9. --- List of Questions & Interviews Record --- p.83