A study of advising agents' influence on Hong Kong initial public offers: 1980-1989.

• Other Authors: So, Tak Chee.
• Format: Others
• Language: English
• Published: Chinese University of Hong Kong 1990
• Subjects: Going public (Securities); Going public (Securities) > China > Hong Kong; Consultants > Marketing; Consultants > China > Hong Kong > Marketing
• Online Access: http://library.cuhk.edu.hk/record=b5886371; http://repository.lib.cuhk.edu.hk/en/item/cuhk-318525

by So Tak Chee, Joshua. === Thesis (M.B.A.)--Chinese University of Hong Kong, 1990. === Bibliography: leaves 65-67. === ABSTRACT --- p.ii === TABLE OF CONTENTS --- p.iii === LIST OF TABLES --- p.v === ACKNOWLEDGEMENT --- p.vi === Chapter === Chapter I. --- INTRODUCTION --- p.1 === Initial Public Offers in Hong Kong --- p.2 === The Companies --- p.2 === The Advising Agents --- p.4 === The Authorities --- p.6 === Comparison with Other Paths --- p.7 === Previous Studies on IPOs --- p.9 === Signaling Hypotheses --- p.9 === Underpricing of Initial Public Offers --- p.10 === Limitations in Study of Hong Kong IPOs --- p.11 === Scope and Significance of this Study --- p.12 === Chapter II. --- RESEARCH METHODOLOGY --- p.14 === Period of Study --- p.14 === Sourcing --- p.15 === Questionnaire --- p.15 === Design --- p.15 === Content --- p.15 === Administration and Outcome --- p.16 === Limitations --- p.17 === Opinion Poll --- p.17 === Sample --- p.17 === Administration and Outcome --- p.18 === P/E Comparison --- p.18 === Test of Underpricing Factors --- p.18 === Reputation of Advising Agents --- p.19 === Market Enviroment --- p.19 === Internal Factors --- p.20 === Data Analysis --- p.20 === Chapter III. --- MERCHANT BANKERS' VIEW ON IPO --- p.22 === Importance of the Business --- p.22 === Mechanism Behind the Job --- p.24 === Motives for Flotation --- p.24 === Initial Price Setting --- p.25 === Other Participants --- p.25 === Co-Workers --- p.26 === Competitors --- p.27 === Chapter IV. --- MERCHANT BANKERS' INFLUENCE ON IPO --- p.29 === Relative P/E Comparison --- p.29 === Subscription Rate --- p.30 === Price Performance --- p.32 === Primary Market --- p.32 === Secondary Market --- p.33 === Chapter V. --- TEST OF FACTORS ON IPO UNDERPRICING --- p.35 === Regression Outcomes --- p.35 === Significance of Factors --- p.40 === Advising Agents --- p.40 === Market Enviroment --- p.40 === Internal Factors --- p.40 === Chapter VI. --- CONCLUSION --- p.42 === APPENDIX --- p.44 === BIBILOGRAPHY --- p.65