Title page for etd-0613101-133656


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URN etd-0613101-133656
Author Shih-Che Lin
Author's Email Address m8641645@student.nsysu.edu.tw
Statistics This thesis had been viewed 5351 times. Download 2996 times.
Department Business Management
Year 2000
Semester 2
Degree Master
Type of Document
Language zh-TW.Big5 Chinese
Title A study of the factors influence
underwriter IPOs market share
Date of Defense 2001-06-11
Page Count 53
Keyword
  • age
  • underpricing
  • asset
  • auditor reputation
  • market share
  • initial return
  • proceed
  • underwriter
  • initial public offering
  • Abstract   Underwriter need to participate in the process of new issue
    firms going public. Related reference about Taiwan's underwriter 
    IPOs market share haven't appear. In this study, we expect to find
    out the relationship between Taiwan's underwriter IPOs market share
    and some related factors. Then offer issuer, underwriter and investor
    the conclusion as reference. The IPOs samples are selected during
    the period 1991 through 2000 in Taiwan. There are 475 newly issued
    firms in this period. We subtract some incomplete data samples and
    bank samples.There are 247 IPOs samples in our regression model.
      
      Although underwriter IPOs market share is less significantly
    impacted by IPOs offer price , results imply that when offer price
    is too low,this would damage issuer's benefit and lead to underwriter
    IPOs market share decrease. When offer price is too high, this
    would damage investor's benefit and just lightly lead to underwriter
    IPOs market share decrease. Results show that there is no industry
    specialization in Taiwan's underwriter industry. Although underwriter
    IPOs market share is less significantly impacted by IPOs one year
    performance,results imply that when underwriter market higher one year
    return IPOs, this would attract more investors and lead to underwriter
    IPOs market share increase.Results show that underwriter IPOs 
    market share is significantly impacted by nderwriter's asset
    and age. The underwriter with larger asset and larger age gains more
    IPOs market share.
    Advisory Committee
  • Ruey-Dang Chang - chair
  • Y. Chris Liao - co-chair
  • Anlin Chen - advisor
  • Files
  • etd-0613101-133656.pdf
  • indicate in-campus access immediately and off_campus access in a year
    Date of Submission 2001-06-13

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