by Chan Ting-chung, Cheung Kei-chung. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1988. / Bibliography: leaves 73-75.

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 Chan Chun-hung Benjamin. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1991. / Bibliography: leaves 103-105. / ACKNOWLEDGMENT --- p.i / ABSTRACT --- p.ii / TABLE OF CONTENT --- p.iv / LIST OF TABLE --- p.vii / CHAPTER / Chapter I --- INTRODUCTION --- p.1 / Chapter II --- "THE THEORETICAL FOUNDATION OF THE CAPITAL ASSET PRICING MODEL, CAPM" --- p.3 / Chapter III --- THE THEORETICAL FOUNDATION OF THE ARBITRAGE PRICING THEORY --- p.5 / Chapter IV --- REVIEWS ON THE PREVIOUS STUDIES ON THE ARBITRAGE PRICING THEORY --- p.9 / Tests for Identification of the Number of Factors --- p.10 / Studies Supporting the APT --- p.10 / Roll and Ross [1980] --- p.10 / Chen [1983] --- p.12 / Pari and Chen [1984] --- p.13 / Chang and Lewellen [1985] --- p.15 / Studies Opposing the APT --- p.17 / Shanken [1982] --- p.17 / "Dhrymes, Friend and Gultekins [1985]" --- p.17 / The Gultekins [1987] --- p.18 / Test for Identification of Economic Factors --- p.20 / "Chen, Roll and Ross [1986]" --- p.20 / Burmeister and Wall [1986] --- p.26 / Sweeney and Warga [1986] --- p.27 / Beenstock and Chan [1988] --- p.28 / Chapter V --- THE FOUNDATION AND OBJECTIVE OF THE STUDY --- p.30 / Chapter VI --- THE PROPOSITION OF POTENTIAL FACTORS --- p.35 / The Rationale and Criteria of the Proposition --- p.35 / Descriptions of the Proposed Factors --- p.38 / Industrial Production (PI) --- p.38 / Industrial Production of Major Trading Partners --- p.39 / Exchange Rate (EERI) --- p.39 / Confidence Level of the Investors in Hong Kong --- p.41 / The Inflation Rate (CPI) --- p.42 / Interest Rate and Term Structure --- p.43 / Foreign Stock Market Performance --- p.44 / Chapter VII --- STATISTICAL CHARACTERISTICS OF THE POTENTIAL FACTORS --- p.45 / Intercorrelations of the Factors --- p.45 / Autocorrelations of the Factors --- p.47 / Chapter VIII --- METHODOLOGY --- p.50 / Phrase One: The Test on the CAPM Model --- p.50 / Phrase Two: The Test on the APT model with the Identification of Relevant Factors --- p.52 / Phrase Three: Test of the CAPM Residual --- p.55 / Chapter IX --- BASIC RESULTS AND INTERPRETATIONS --- p.57 / Phrase One: The Test on the CAPM Model --- p.57 / Beta Coefficient --- p.58 / "Statistical Significance, R2" --- p.60 / The Intercept Constant --- p.62 / Phrase Two: The Test on the APT Model --- p.64 / The Relevant Factors and the Betas --- p.64 / Financial Sector --- p.65 / Utilities Index --- p.65 / Properties Index --- p.67 / Hotels Index --- p.68 / Industrials Index --- p.69 / "Improvement in the Significance, R2" --- p.70 / The Intercept Constant --- p.72 / Phrase Three : Test of the Residuals of CAPM --- p.74 / Chapter X --- CONCLUSION --- p.76 / Chapter XI --- LIMITATIONS AND FURTHER IMPROVEMENTS --- p.79 / APPENDICES / Chapter I --- The Constituent Stocks of the Hong Kong Index As of April1990 --- p.83 / Chapter II --- Autocorrelations of the Sectorial Indices and Potential Factors --- p.85 / Chapter III --- Output of Regression on Sectorial Returns with Returns on Market Portfolio (HKI) as Independent Variable --- p.96 / Chapter IV --- Output of Regression (Stepwise) on Sectorial Returns with Factors as Independent Variables --- p.98 / Chapter V --- Output of Regression (Stepwise) on Residual Variances of Sectorial Indices (CAPM) with Factors as Independent Variables --- p.101 / BIBLIOGRAPHY --- p.103

by Li Shu Kan Tony. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1993. / Includes bibliographical references (leaf 50). / ABSTRACT --- p.i / TABLE OF CONTENTS --- p.1 / LIST OF FIGURES AND TABLES --- p.2 / CHAPTER / Chapter I. --- INTRODUCTION --- p.3 / Definition of Rights Issue --- p.6 / Chapter II. --- PREVIOUS STUDIES --- p.9 / Chapter III. --- DATA COLLECTION --- p.13 / Chapter IV. --- METHODOLOGY --- p.16 / Sutdy Period --- p.20 / Chapter V. --- FINDINGS --- p.23 / Post-announcement Parameters --- p.24 / Discount to Net Asset Value --- p.26 / Amount raised from Right Issues --- p.30 / Right Issue Terms --- p.31 / Further test on Price Press Hypothesis --- p.33 / Chapter VI. --- CONCLUSION --- p.35 / Chapter VII. --- FIGURES AND TABLES --- p.37 / Chapter VIII. --- BIBLIOGRAPHY --- p.50

by Ma Hing-Sing. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1989. / Bibliography: leaves 89-90.

by Wong Heung-wing. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1990. / Bibliography: leaves 38-41. / ABSTRACT --- p.ii / TABLE OF CONTENTS --- p.iii / LIST OF EXHIBITS --- p.iv / Chapter / Chapter I. --- INTRODUCTION --- p.1 / Definition of 'Unseasoned' --- p.2 / Unseasoned Stock Market in Hong Kong --- p.2 / Importance of Accurate Pricing --- p.5 / Past Studies on Unseasoned Stock --- p.7 / Chapter II. --- RESEARCH OBJECTIVE --- p.11 / Chapter III. --- ASSUMPTIONS --- p.12 / Chapter IV. --- RESEARCH METHODOLOGY --- p.15 / Data Collection Method --- p.15 / The Sampling Design --- p.16 / Statistical Tools --- p.20 / Correlation Analysis --- p.20 / Factor Analysis --- p.21 / Chapter V. --- RESULTS AND INTERPRETATION --- p.24 / Correlation Analysis --- p.24 / Factor Analysis --- p.26 / Chapter VI. --- LIMITATIONS --- p.33 / Chapter VII. --- CONCLUSIONS --- p.35 / BIBLOGRAPHY --- p.38

by Chan Man Kam, Chung Kwai Ying, Fung Po Hei. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1990. / Bibliography: leaf 52. / ABSTRACT --- p.ii / TABLE OF CONTENTS --- p.iv / LIST OF TABLES --- p.vi / ACKNOWLEDGEMENT --- p.vii / Chapter / Chapter I. --- INTRODUCTION --- p.1 / Justification of the research --- p.1 / Research Objectives --- p.3 / Chapter II. --- METHODOLOGY --- p.5 / Data Source --- p.5 / Models --- p.7 / Model 1-Simplified Kassouf Model --- p.8 / Model 2 -Shelton Model --- p.10 / Model 3-Black-Scholes Model --- p.13 / Testing Methods --- p.16 / Objectives --- p.16 / Test of accuracy --- p.17 / Rank Test --- p.19 / Chapter III. --- RESULTS & FINDINGS --- p.22 / Estimating the Shelton Model --- p.22 / Estimation of Shelton Model --- p.22 / The validity of model --- p.26 / Overestimation or underestimation --- p.31 / Mean Error vs. Mean Absolute Error --- p.32 / Ranking of the models --- p.33 / Sensitivity Analysis --- p.37 / Simplified Kassouf Model --- p.38 / Shelton Model --- p.39 / Black-Scholes Model --- p.42 / Elasticity of warrant price --- p.43 / Warrants issued by the same company --- p.44 / Chapter IV. --- CONCLUSION --- p.46 / Chapter V. --- LIMITATION OF MODELS & FUTURE RESEARCH --- p.48 / APPENDICES --- p.50 / BIBLIOGRAPHY --- p.52

by Chan Yan Ho, Tommy. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1988. / Bibliography: leaves 32-33.

by Lam Ka Ming. / Thesis (M.Phil.)--Chinese University of Hong Kong, 1995. / Includes bibliographical references (leaves 83-86). / Chapter CHAPTER 1 --- INTRODUCTION --- p.1 / Chapter CHAPTER 2 --- REVIEW OF THEORIES AND LITERATURE / Chapter 2.1 --- Empirical Studies on IPO Underpricing --- p.7 / Chapter 2.2 --- "Underpricing, Auditors and Underwriters" --- p.10 / Chapter 2.3 --- Rock's Adverse Selection hypothesis --- p.16 / Chapter 2.4 --- The Signalling Hypothesis --- p.23 / Chapter 2.5 --- Unit IPO --- p.31 / Chapter 2.6 --- Empirical Studies on Hong Kong IPOs --- p.32 / Chapter Chapter 3 --- DATA AND METHODOLOGY / Chapter 3.1 --- Measures of Underpricing --- p.35 / Chapter 3.2 --- Test for Rock's Model --- p.40 / Chapter 3.3 --- Test for the Signalling Hypothesis --- p.44 / Chapter 3.3.1 --- Probability of Reissue --- p.47 / Chapter 3.3.2 --- Size of Seasoned Offering --- p.48 / Chapter 3.3.3 --- Time between IPO and Announcement of Seasoned Offering --- p.48 / Chapter 3.3.4 --- Price Reaction on Announcement Date --- p.49 / Chapter CHAPTER 4 --- RESULTS / Chapter 4.1 --- Underpricing of Hong Kong IPOs --- p.51 / Chapter 4.2 --- Rock's Model --- p.53 / Chapter 4.2.1 --- The Winner's Curse Problem --- p.53 / Chapter 4.2.2 --- Regression Results --- p.54 / Chapter 4.3 --- Signalling Hypothesis --- p.62 / Chapter 4.3.1 --- Probability of Reissue --- p.62 / Chapter 4.3.2 --- Size of Seasoned Offering --- p.64 / Chapter 4.3.3 --- Time between IPO and the First Seasoned Offering --- p.65 / Chapter 4.4.4 --- Price Reaction on Announcement Date --- p.66 / Chapter CHAPTER 5 --- DISCUSSION --- p.67 / Chapter CHAPTER 6 --- CONCLUSION --- p.71 / FIGURES --- p.72 / APPENDIX A SPECIMEN OF ANNOUNCEMENT OF BASIS OF ALLOTMENT --- p.75 / APPENDIX B LIST OF COMPANY --- p.76 / REFERENCE --- p.83

by Chung Kwok-Wai, Li Wai-Man, Raymond. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1996. / Includes bibliographical references (leaves 40-41). / ABSTRACT --- p.ii / TABLE OF CONTENTS --- p.iii / LIST OF TABLES --- p.iv / Chapter / Chapter I. --- INTRODUCTION --- p.1 / Chapter II. --- LITERATURE REVIEW --- p.2 / Relationship Between Earning Forecasts and Stock Returns --- p.2 / Relationship Between Forecast Error and Stock Returns --- p.3 / Relationship Between Forecast Revision and Stock Returns --- p.5 / Chapter III. --- METHODOLOGY --- p.7 / Sources of Consensus Earning Estimates --- p.7 / The Sampling Criteria --- p.7 / Six Earnings Expectations Variables --- p.9 / Statistical Procedures --- p.11 / Measuring Excess Returns --- p.12 / Rank Correlation Test --- p.14 / Report of Excess Returns --- p.15 / Chapter IV. --- RESULTS --- p.16 / Relationship Between Earning Forecasts and Stock Returns --- p.16 / Relationship Between Actual Growth and Stock Returns --- p.20 / Relationship Between Forecast Error and Stock Returns --- p.22 / Relationship Between Forecast Revision and Stock Returns --- p.27 / Size and Variation of Excess Returns Due to Forecast Errors --- p.28 / Size of Returns by Being More Accurate --- p.30 / Limitations of Our Study --- p.31 / Chapter V. --- CONCLUSION --- p.33 / APPENDIX --- p.35 / BIBLIOGRAPHY --- p.40