An examination of installment receipt initial public offerings (IPOs) and implications for the efficiency of the Canadian capital market

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dc.creator Boabang, Francis
dc.date.accessioned 2014-02-27T19:30:56Z
dc.date.available 2014-02-27T19:30:56Z
dc.date.issued 1998
dc.identifier.uri http://library2.smu.ca/xmlui/handle/01/25725
dc.description.abstract In this paper, we investigate the effects of installment receipt IPOs on the short term and long term prices of the underlying securities. Our findings are that: there exist both short term and long term trends in prices implying that investors view the issue as a bargain and therefore buy the issue for both short term and long term gains; that the dominant factor affecting investor uncertainty is the level of confidence attached to the underwriter; and that for installment receipt IPOs, investors have the time leverage to monitor the activities of the firm before making a commitment to purchase the security. en_CA
dc.description.provenance Submitted by Trish Grelot (trish.grelot@smu.ca) on 2014-02-27T19:30:56Z No. of bitstreams: 1 asb_proceedings_1998_boabang_f.pdf: 77798 bytes, checksum: 144f2c78d991956d48c69400dd6c2b90 (MD5) en
dc.description.provenance Made available in DSpace on 2014-02-27T19:30:56Z (GMT). No. of bitstreams: 1 asb_proceedings_1998_boabang_f.pdf: 77798 bytes, checksum: 144f2c78d991956d48c69400dd6c2b90 (MD5) Previous issue date: 1998 en
dc.format.extent 10 p.
dc.language.iso en en_CA
dc.publisher Atlantic Schools of Business en_CA
dc.subject.lcsh Going public (Securities) -- Canada
dc.subject.lcsh Securities -- Prices -- Canada
dc.title An examination of installment receipt initial public offerings (IPOs) and implications for the efficiency of the Canadian capital market en_CA
dc.type Text en_CA
dcterms.bibliographicCitation Proceedings of the 28th Atlantic Schools of Business Conference, Acadia University, 1998
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