dc.contributor.advisor |
Boabang, Francis |
|
dc.coverage.spatial |
Great Britain |
|
dc.creator |
Tian, Yuan |
|
dc.date.accessioned |
2012-10-04T15:35:18Z |
|
dc.date.available |
2012-10-04T15:35:18Z |
|
dc.date.issued |
2012 |
|
dc.identifier.uri |
http://library2.smu.ca/xmlui/handle/01/24706 |
|
dc.description |
1 online resource (iv, 30 leaves) : ill. |
|
dc.description |
Includes abstract. |
|
dc.description |
Includes bibliographical references (leaves 29-30). |
|
dc.description.abstract |
The mispricing of IPOs has been widely examined in studies. According most research findings, IPOs on average, are under priced in the short-run and correctly priced in the long-run. The purpose of this paper is to prove how the underpricing of IPOs on the London Stock Exchange is affected by issue size, firm age, systematic risk, underwriter reputation, P/E ratio, debt ratio, and ROA. Research has found the degree of underpricing on the London Stock Exchange market is 6.89744%.
The result of this research reveals that issue size, systematic risk, and debt ratio influence the underpricing of IPOs. The large volume of issue size usually contributes to a lower degree of underpricing. The systematic risk and debt ratio result to a higher degree of underpricing. Thus, there exists a positive relationship between IPOs and systematic risk & debt ratio. Actually, because of the limitation of this research, the test result may not be accurately for IPOs forecast on the London Stock Exchange. |
en_CA |
dc.description.provenance |
Submitted by Trish Grelot (trish.grelot@smu.ca) on 2012-10-04T15:35:17Z
No. of bitstreams: 1
tian_yuan_mrp_2012.pdf: 270368 bytes, checksum: 1359d61eb8312d60e4ee97df635d56ca (MD5) |
en |
dc.description.provenance |
Made available in DSpace on 2012-10-04T15:35:18Z (GMT). No. of bitstreams: 1
tian_yuan_mrp_2012.pdf: 270368 bytes, checksum: 1359d61eb8312d60e4ee97df635d56ca (MD5) |
en |
dc.language.iso |
en |
en_CA |
dc.publisher |
Halifax, N.S. : Saint Mary's University |
|
dc.title |
An examination factors influencing under-pricing of IPOs on the London Stock Exchange |
en_CA |
dc.title.alternative |
Examination [of] factors influencing under-pricing of IPOs on the London Stock Exchange |
|
dc.type |
Text |
en_CA |
thesis.degree.name |
Master of Finance |
|
thesis.degree.level |
Masters |
|
thesis.degree.discipline |
Finance, Information Systems, & Management Science |
|
thesis.degree.grantor |
Saint Mary's University (Halifax, N.S.) |
|