A study of mutual influence between underwriters' market value and initial public offer's return in Hong Kong.

Description

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

Links & Downloads

1. cuhk:318263
2. http://library.cuhk.edu.hk/record=b5888276
3. http://repository.lib.cuhk.edu.hk/en/item/cuhk-318263

Tags

Going public (Securities)

Stocks--Prices

Stocks--Prices--China--Hong Kong

Additional Fields

Identifer	oai:union.ndltd.org:cuhk.edu.hk/oai:cuhk-dr:cuhk_318263
Date	January 1995
Contributors	Cheung, Siu-fai Dickson., Mak, Wai-man Raymond., Chinese University of Hong Kong Graduate School. Division of Business Administration.
Publisher	Chinese University of Hong Kong
Source Sets	The Chinese University of Hong Kong
Language	English
Detected Language	English
Type	Text, bibliography
Format	print, vi, 70 leaves ; 30 cm.
Coverage	China, Hong Kong, China, Hong Kong
Rights	Use of this resource is governed by the terms and conditions of the Creative Commons “Attribution-NonCommercial-NoDerivatives 4.0 International” License (http://creativecommons.org/licenses/by-nc-nd/4.0/)