Going public the theory and evidence on how companies raise equity finance
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| Hauptverfasser: | , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Oxford [u.a]
Oxford Univ. Press
2001
|
| Ausgabe: | 2. ed. |
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
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| 245 | 1 | 0 | |a Going public |b the theory and evidence on how companies raise equity finance |c Tim Jenkinson; Alexander Ljungqvist |
| 250 | |a 2. ed. | ||
| 264 | 1 | |a Oxford [u.a] |b Oxford Univ. Press |c 2001 | |
| 300 | |a XII, 241 S. |b graph. Darst. | ||
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Datensatz im Suchindex
| DE-473_call_number | 31/QK 650 WU 6712(2) |
|---|---|
| DE-473_location | 3 |
| DE-BY-UBG_katkey | 1782203 |
| DE-BY-UBG_media_number | 013105762735 |
| _version_ | 1811358740926955521 |
| adam_text | Contents
Part I The IPO Market
1 Introduction 3
1.1 How to Go Public 9
1.2 IPO Methods 23
1.3 The Costs of Going Public 25
1.4 Summary 28
2 Stylized Facts 29
2.1 Introduction 29
2.2 Underpricing 37
2.3 Cycles in IPO Volume and Initial Returns 43
2.4 Long Rim Performance and the New Issues Puzzle 51
2.5 Summary 58
Part II Theory and Evidence
3 Asymmetric Information 63
3.1 Adverse Selection Models: Vie Winner s Curse 63
3.2 Underpricing as a Signal of Firm Quality 75
3.3 Principal Agent Models 86
3.4 Information Revelation Theories , ? v . lo. c . v 88
3.5 Summary 106
4 Institutional Explanations H)8
4.1 legal Liability 109
4.2 Price Support y^y ,itv v 114
5 Ownership and Control 127
5.1 Underpricing as a Means to Retain Control 128
5.2 Underpricing as a Means to Reduce Agency Costs 136
5.3 Discussion 138
xii Contents
6 Long Run Performance 139
6.1 Long Run Underperformance in Theories of Underpricing 140
6.2 Behavioural Explanations of Long Run Underperformance 149
6.3 Measurement Problems 161
Part III Policy Implications
7 Privatization 169
7.1 Privatization Objectives 170
7.2 Privatization Techniques 176
7.3 Case Study: The UK Privatization Programme 187
8 Conclusions and Future Developments 193
8.1 An Assessment of the Theoretical Literature 194
8.2 Possible Future Developments 199
References 207
Index 223
|
| any_adam_object | 1 |
| author | Jenkinson, Tim 1961- Ljungqvist, Alexander |
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| callnumber-subject | HG - Finance |
| classification_rvk | QK 650 QP 442 |
| ctrlnum | (OCoLC)845216078 (DE-599)BVBBV013537329 |
| dewey-full | 658.15/22421 658.15224 |
| dewey-hundreds | 600 - Technology (Applied sciences) |
| dewey-ones | 658 - General management |
| dewey-raw | 658.15/224 21 658.15224 |
| dewey-search | 658.15/224 21 658.15224 |
| dewey-sort | 3658.15 3224 221 |
| dewey-tens | 650 - Management and auxiliary services |
| discipline | Wirtschaftswissenschaften |
| edition | 2. ed. |
| format | Book |
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| id | DE-604.BV013537329 |
| illustrated | Illustrated |
| index_date | 2024-09-19T15:08:40Z |
| indexdate | 2024-09-27T16:08:09Z |
| institution | BVB |
| isbn | 0198295995 |
| language | English |
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| physical | XII, 241 S. graph. Darst. |
| publishDate | 2001 |
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| publisher | Oxford Univ. Press |
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| spellingShingle | Jenkinson, Tim 1961- Ljungqvist, Alexander Going public the theory and evidence on how companies raise equity finance Going public (Securities) Going Public (DE-588)4219438-6 gnd |
| subject_GND | (DE-588)4219438-6 (DE-588)4022153-2 (DE-588)4078704-7 |
| title | Going public the theory and evidence on how companies raise equity finance |
| title_auth | Going public the theory and evidence on how companies raise equity finance |
| title_exact_search | Going public the theory and evidence on how companies raise equity finance |
| title_full | Going public the theory and evidence on how companies raise equity finance Tim Jenkinson; Alexander Ljungqvist |
| title_fullStr | Going public the theory and evidence on how companies raise equity finance Tim Jenkinson; Alexander Ljungqvist |
| title_full_unstemmed | Going public the theory and evidence on how companies raise equity finance Tim Jenkinson; Alexander Ljungqvist |
| title_short | Going public |
| title_sort | going public the theory and evidence on how companies raise equity finance |
| title_sub | the theory and evidence on how companies raise equity finance |
| topic | Going public (Securities) Going Public (DE-588)4219438-6 gnd |
| topic_facet | Going public (Securities) Going Public Großbritannien USA |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=009241942&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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