Economic determinants of underpricing: New evidence from Taiwan.

Economic determinants of underpricing: New evidence from Taiwan.

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碩士 === 國立政治大學 === 會計學系 === 84 === This sutdy mainly employs empirical methodology. The sample period convers from 1987 to 1995, including 195 samples. The unerpricing regress against EPS (earnings per share), average earning growth rate, debt/equity ratio...

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Bibliographic Details
Main Authors: Loo, Shan-Kwang, 呂勝光
Other Authors: Jen Dien-Wan
Format: Others
Language:zh-TW
Published: 1996
Online Access:http://ndltd.ncl.edu.tw/handle/90101789280107416551
Description
Summary:碩士 === 國立政治大學 === 會計學系 === 84 === This sutdy mainly employs empirical methodology. The sample period convers from 1987 to 1995, including 195 samples. The unerpricing regress against EPS (earnings per share), average earning growth rate, debt/equity ratio, firm''s size , changes in ownership structure, seasoned new issues within one year subsequent to the IPO (dummy variable), and lottery rate. The findings indicate that the underpricing significantly (95% significant level) correlates with EPS, firm''s size, and lottery rate.

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