Please use this identifier to cite or link to this item:
https://hdl.handle.net/10356/47353
Title: | Essays on foreign stock listing | Authors: | Ting, Yang | Keywords: | DRNTU::Business::Finance::Stock exchanges | Issue Date: | 2005 | Source: | Ting, Y. (2005). Essays on foreign stock listing. Doctoral thesis, Nanyang Technological University, Singapore. | Abstract: | This dissertation consists of three essays on foreign stock listing. The first essay examines firms from 27 countries/districts that bypassed their home stock markets and conducted initial public offerings in the United Sates. We find that there is significant improvement in operating performance subsequent to their US IPO events, which is consistent with findings from previous studies that such firms are of a select group of high-quality and high-growth firms. These firms significantly underperform US and home market indices as well as similar US domestic IPO firms matched on size and industry after 1,3, and 5 years of seasoning. Coupled with findings from previous studies that such firms on average experience same underwriting costs and first-day underpricing as US domestic IPOs, our finding indicates that they face similar issue costs as US domestic IPO firms. | Description: | 178 p. | URI: | https://hdl.handle.net/10356/47353 | DOI: | 10.32657/10356/47353 | Schools: | Nanyang Business School | Rights: | Nanyang Technological University | Fulltext Permission: | open | Fulltext Availability: | With Fulltext |
Appears in Collections: | NBS Theses |
Files in This Item:
File | Description | Size | Format | |
---|---|---|---|---|
NBS_THESES_56.pdf | 21.63 MB | Adobe PDF | View/Open |
Page view(s) 20
704
Updated on Mar 18, 2024
Download(s) 5
481
Updated on Mar 18, 2024
Google ScholarTM
Check
Altmetric
Items in DR-NTU are protected by copyright, with all rights reserved, unless otherwise indicated.