The effects of the initial offering price of OTC companies to the change of ownership structure.

碩士 === 國立中山大學 === 企業管理學系研究所 === 88 === This investigation is based on the data of the IPO on the OTC market in Taiwan for 1995 to 1999. We demonstrated that firms would use higher offering price to attract institutional investors, and lower offering price to attract small investors. Higher offering...

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Bibliographic Details
Main Authors:	Chih-Yung Wamg, 汪志勇
Other Authors:	Victor W., Liu
Format:	Others
Language:	zh-TW
Published:	2000
Online Access:	http://ndltd.ncl.edu.tw/handle/12084758935064772166

id	ndltd-TW-088NSYS5121025
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spelling	ndltd-TW-088NSYS51210252016-07-08T04:22:57Z http://ndltd.ncl.edu.tw/handle/12084758935064772166 The effects of the initial offering price of OTC companies to the change of ownership structure. 新上櫃公司承銷價格對股權結構變動的影響 Chih-Yung Wamg 汪志勇碩士國立中山大學企業管理學系研究所 88 This investigation is based on the data of the IPO on the OTC market in Taiwan for 1995 to 1999. We demonstrated that firms would use higher offering price to attract institutional investors, and lower offering price to attract small investors. Higher offering price abstracts institutional investors because of higher turnover rate of the IPO stocks. Lower offering price would attract small investors because of higher degree of IPO underpricing. We also show that the firms attracted more institutional investors` ownership would have higher performance. Victor W., Liu 劉維琪 2000 學位論文 ; thesis 60 zh-TW
collection	NDLTD
language	zh-TW
format	Others
sources	NDLTD
description	碩士 === 國立中山大學 === 企業管理學系研究所 === 88 === This investigation is based on the data of the IPO on the OTC market in Taiwan for 1995 to 1999. We demonstrated that firms would use higher offering price to attract institutional investors, and lower offering price to attract small investors. Higher offering price abstracts institutional investors because of higher turnover rate of the IPO stocks. Lower offering price would attract small investors because of higher degree of IPO underpricing. We also show that the firms attracted more institutional investors` ownership would have higher performance.
author2	Victor W., Liu
author_facet	Victor W., Liu Chih-Yung Wamg 汪志勇
author	Chih-Yung Wamg 汪志勇
spellingShingle	Chih-Yung Wamg 汪志勇 The effects of the initial offering price of OTC companies to the change of ownership structure.
author_sort	Chih-Yung Wamg
title	The effects of the initial offering price of OTC companies to the change of ownership structure.
title_short	The effects of the initial offering price of OTC companies to the change of ownership structure.
title_full	The effects of the initial offering price of OTC companies to the change of ownership structure.
title_fullStr	The effects of the initial offering price of OTC companies to the change of ownership structure.
title_full_unstemmed	The effects of the initial offering price of OTC companies to the change of ownership structure.
title_sort	effects of the initial offering price of otc companies to the change of ownership structure.
publishDate	2000
url	http://ndltd.ncl.edu.tw/handle/12084758935064772166
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The effects of the initial offering price of OTC companies to the change of ownership structure.

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