An analysis of the IPO underpricing for high-tech companies in Japan

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dc.contributor.advisor Boabang, Francis
dc.coverage.spatial Japan
dc.creator Yang, Liang
dc.date.accessioned 2012-09-27T15:27:18Z
dc.date.available 2012-09-27T15:27:18Z
dc.date.issued 2012
dc.identifier.uri http://library2.smu.ca/xmlui/handle/01/24692
dc.description 1 online resource (iv, 28 leaves) : ill.
dc.description Includes abstract.
dc.description Includes bibliographical references (leaves 26-28).
dc.description.abstract This paper examines the factors for IPO underpricing phenomenon in Japan between year 2002 and 2007. The paper uses the IPO sample from the high-tech industry and the sample consists of 119 IPO issues over the period 2002 and 2007. Besides, the paper examines the relationship between these factors and the degree of IPO underpricing for Japanese high-tech companies. The paper finds that issue size, market return, P/E ratio and the percentage of existing shares offered play a statistically significant role in explaining IPO underpricing for high-tech companies in Japan. The percentage of existing shares offered has the strongest relation with IPO underpricing, reflecting that IPO investors really care about how exiting shareholders view their companies’ future. en_CA
dc.description.provenance Submitted by Trish Grelot (trish.grelot@smu.ca) on 2012-09-27T15:27:18Z No. of bitstreams: 1 yang_liang_mrp_2012.pdf: 586224 bytes, checksum: 70641c885167e5a23b2c2e68e3cdc517 (MD5) en
dc.description.provenance Made available in DSpace on 2012-09-27T15:27:18Z (GMT). No. of bitstreams: 1 yang_liang_mrp_2012.pdf: 586224 bytes, checksum: 70641c885167e5a23b2c2e68e3cdc517 (MD5) en
dc.language.iso en en_CA
dc.publisher Halifax, N.S. : Saint Mary's University
dc.title An analysis of the IPO underpricing for high-tech companies in Japan en_CA
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.)
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