English  |  正體中文  |  简体中文  |  Items with full text/Total items : 49985/85139 (59%)
Visitors : 7805647      Online Users : 123
RC Version 7.0 © Powered By DSPACE, MIT. Enhanced by NTU Library & TKU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
  • Adv. Search
    HomeLoginUploadHelpAboutAdminister Goto mobile version
    Please use this identifier to cite or link to this item: http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/31952

    Title: 創投、公開資訊對初次公開發行(IPO)折價之影響
    Other Titles: The impact of IPO underpricing on venture capital and public information
    Authors: 陳正賢;Chen, Cheng-hsien
    Contributors: 淡江大學國際貿易學系國際企業學碩士班
    謝志柔;Hsieh, Chih-jou
    Keywords: 創投;內部人保留比;產業效果;資訊不對稱;承銷價;Venture capital;share overhang;industry effect;information asymmetry;offer price
    Date: 2008
    Issue Date: 2010-01-11 01:28:00 (UTC+8)
    Abstract: 本研究探討創投、公開資訊與承銷價折價之間的關係。對企業而言股票公開上市乃是一重要籌措資金管道,但由於首次公開發行,市場投資者對企業感到陌生,價值不易評定,資訊不對稱的情況也由此產生。因此本研究探討創投與公開資訊的取得是否能降低資訊不對稱的程度。

    This research examines the relationship among venture capital, public information and IPO underpricing. Publicly unfamiliar with the business and the speech share’s appearing on market being one important financing piping, but due to for the very first time publishing publicly, the market investor to the business, worth assess not easily, information asymmetry also produces from here. So this research set to throw whether the venture capital backing、public information available can reduce the information asymmetry.

    We examine the extent to which IPO underpricing reflect public information and VC-backed issue for 735 companies that stocks are Initial public offerings (IPO) on the Over-the-counter Market between 1997 and 2007.This essay focus on : venture capital backing, share overhang, and variable which appear on previous study that affect IPO underpricing . Empirical result suggest that: the tendency for VC-backed IPOs to be more underpriced appears to be in large part an industry effect. There are no variable can be effectively to solve information asymmetry problem. Finally, motivated by the hot issue markets literature, we examine the influence of average 40 days market return before offer date on IPO underpricing. We show that such a variable has significant predictive power to IPO underpricing.
    Appears in Collections:[國際企業學系暨研究所] 學位論文

    Files in This Item:

    File SizeFormat

    All items in 機構典藏 are protected by copyright, with all rights reserved.

    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library & TKU Library IR teams. Copyright ©   - Feedback