Underpricing, Long-Run Performance, and Valuation of Initial Public Offerings
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| Preise | 2015 | 2018 | 2019 |
|---|---|---|---|
| Schnitt | € 52,21 | € 39,95 | € 42,07 |
| Nachfrage |
1
Underpricing, Long-Run Performance, and Valuation of Initial Public Offerings (2011)
~EN NWISBN: 9783631604052 bzw. 363160405X, vermutlich in Englisch, Lang, neu.
Lieferung aus: Österreich, Versandfertig innerhalb 48 Stunden.
This thesis empirically analyses three individual research questions around initial day returns, long-run performance and valuation of initial public offerings of European Property Companies. The first question examines whether IPO signals such as underpricing reveal proprietary information about the prospects of an issuing firm’s underlying industry such as the performance of direct real estate investments. The results in fact show a positive relation between underpricing and average property yields of the issuing companies’ target investment area twelve months after the IPO. The second question tries to rationalise why previous real estate IPO studies document no long-run underperformance, a phenomenon commonly observed for industrial issuings. It could be shown that with a decreasing degree of the transparency of the underlying real estate markets, investor over-optimism is more likely to develop which is assumed to be one of the main factors for IPO firms to perform worse in the long run than established firms. The last research question sheds further light on the contradicting evidence found for the impact of corporate governance on valuation. Main findings show that concentrated ownership, both inside and outside, negatively affects IPO valuation while higher debt levels have a positive impact, implying that the market favorably recognises the existence of control mechanisms. gebundene Ausgabe, 15.03.2011.
This thesis empirically analyses three individual research questions around initial day returns, long-run performance and valuation of initial public offerings of European Property Companies. The first question examines whether IPO signals such as underpricing reveal proprietary information about the prospects of an issuing firm’s underlying industry such as the performance of direct real estate investments. The results in fact show a positive relation between underpricing and average property yields of the issuing companies’ target investment area twelve months after the IPO. The second question tries to rationalise why previous real estate IPO studies document no long-run underperformance, a phenomenon commonly observed for industrial issuings. It could be shown that with a decreasing degree of the transparency of the underlying real estate markets, investor over-optimism is more likely to develop which is assumed to be one of the main factors for IPO firms to perform worse in the long run than established firms. The last research question sheds further light on the contradicting evidence found for the impact of corporate governance on valuation. Main findings show that concentrated ownership, both inside and outside, negatively affects IPO valuation while higher debt levels have a positive impact, implying that the market favorably recognises the existence of control mechanisms. gebundene Ausgabe, 15.03.2011.
2
Underpricing, Long-Run Performance, and Valuation of Initial Public Offerings
~EN HC NWISBN: 9783631604052 bzw. 363160405X, vermutlich in Englisch, Peter Gmbh Lang, gebundenes Buch, neu.
Lieferung aus: Deutschland, Versandkostenfrei.
Underpricing, Long-Run Performance, and Valuation of Initial Public Offerings: This thesis empirically analyses three individual research questions around initial day returns, long-run performance and valuation of initial public offerings of European Property Companies. The first question examines whether IPO signals such as underpricing reveal proprietary information about the prospects of an issuing firm`s underlying industry such as the performance of direct real estate investments. The results in fact show a positive relation between underpricing and average property yields of the issuing companies` target investment area twelve months after the IPO. The second question tries to rationalise why previous real estate IPO studies document no long-run underperformance, a phenomenon commonly observed for industrial issuings. It could be shown that with a decreasing degree of the transparency of the underlying real estate markets, investor over-optimism is more likely to develop which is assumed to be one of the main factors for IPO firms to perform worse in the long run than established firms. The last research question sheds further light on the contradicting evidence found for the impact of corporate governance on valuation. Main findings show that concentrated ownership, both inside and outside, negatively affects IPO valuation while higher debt levels have a positive impact, implying that the market favorably recognises the existence of control mechanisms. Englisch, Buch.
Underpricing, Long-Run Performance, and Valuation of Initial Public Offerings: This thesis empirically analyses three individual research questions around initial day returns, long-run performance and valuation of initial public offerings of European Property Companies. The first question examines whether IPO signals such as underpricing reveal proprietary information about the prospects of an issuing firm`s underlying industry such as the performance of direct real estate investments. The results in fact show a positive relation between underpricing and average property yields of the issuing companies` target investment area twelve months after the IPO. The second question tries to rationalise why previous real estate IPO studies document no long-run underperformance, a phenomenon commonly observed for industrial issuings. It could be shown that with a decreasing degree of the transparency of the underlying real estate markets, investor over-optimism is more likely to develop which is assumed to be one of the main factors for IPO firms to perform worse in the long run than established firms. The last research question sheds further light on the contradicting evidence found for the impact of corporate governance on valuation. Main findings show that concentrated ownership, both inside and outside, negatively affects IPO valuation while higher debt levels have a positive impact, implying that the market favorably recognises the existence of control mechanisms. Englisch, Buch.
3
Underpricing, Long-Run Performance, and Valuation of Initial Public Offerings Fabian Braemisch Author
~EN HC NWISBN: 9783631604052 bzw. 363160405X, vermutlich in Englisch, Lang, Peter Publishing, Incorporated, gebundenes Buch, neu.
Lieferung aus: Vereinigte Staaten von Amerika, Lagernd, zzgl. Versandkosten.
This thesis empirically analyses three individual research questions around initial day returns, long-run performance and valuation of initial public offerings of European Property Companies. The first question examines whether IPO signals such as underpricing reveal proprietary information about the prospects of an issuing firm’s underlying industry such as the performance of direct real estate investments. The results in fact show a positive relation between underpricing and average property yields of the issuing companies’ target investment area twelve months after the IPO. The second question tries to rationalise why previous real estate IPO studies document no long-run underperformance, a phenomenon commonly observed for industrial issuings. It could be shown that with a decreasing degree of the transparency of the underlying real estate markets, investor over-optimism is more likely to develop which is assumed to be one of the main factors for IPO firms to perform worse in the long run than established firms. The last research question sheds further light on the contradicting evidence found for the impact of corporate governance on valuation. Main findings show that concentrated ownership, both inside and outside, negatively affects IPO valuation while higher debt levels have a positive impact, implying that the market favorably recognises the existence of control mechanisms.
This thesis empirically analyses three individual research questions around initial day returns, long-run performance and valuation of initial public offerings of European Property Companies. The first question examines whether IPO signals such as underpricing reveal proprietary information about the prospects of an issuing firm’s underlying industry such as the performance of direct real estate investments. The results in fact show a positive relation between underpricing and average property yields of the issuing companies’ target investment area twelve months after the IPO. The second question tries to rationalise why previous real estate IPO studies document no long-run underperformance, a phenomenon commonly observed for industrial issuings. It could be shown that with a decreasing degree of the transparency of the underlying real estate markets, investor over-optimism is more likely to develop which is assumed to be one of the main factors for IPO firms to perform worse in the long run than established firms. The last research question sheds further light on the contradicting evidence found for the impact of corporate governance on valuation. Main findings show that concentrated ownership, both inside and outside, negatively affects IPO valuation while higher debt levels have a positive impact, implying that the market favorably recognises the existence of control mechanisms.
4
Underpricing, Long-Run Performance, and Valuation of Initial Public Offerings
~EN NW ABISBN: 9783631604052 bzw. 363160405X, vermutlich in Englisch, Lang, Frankfurt am Main/Berlin/Bern/Bruxelles/New York/Oxford/Wien, Deutschland, neu, Hörbuch.
Lieferung aus: Österreich, Lieferzeit: 5 Tage, zzgl. Versandkosten.
This thesis empirically analyses three individual research questions around initial day returns, long-run performance and valuation of initial public offerings of European Property Companies. The first question examines whether IPO signals such as underpricing reveal proprietary information about the prospects of an issuing firm's underlying industry such as the performance of direct real estate investments. The results in fact show a positive relation between underpricing and average property yields of the issuing companies' target investment area twelve months after the IPO. The second question tries to rationalise why previous real estate IPO studies document no long-run underperformance, a phenomenon commonly observed for industrial issuings. It could be shown that with a decreasing degree of the transparency of the underlying real estate markets, investor over-optimism is more likely to develop which is assumed to be one of the main factors for IPO firms to perform worse in the long run than established firms. The last research question sheds further light on the contradicting evidence found for the impact of corporate governance on valuation. Main findings show that concentrated ownership, both inside and outside, negatively affects IPO valuation while higher debt levels have a positive impact, implying that the market favorably recognises the existence of control mechanisms.
This thesis empirically analyses three individual research questions around initial day returns, long-run performance and valuation of initial public offerings of European Property Companies. The first question examines whether IPO signals such as underpricing reveal proprietary information about the prospects of an issuing firm's underlying industry such as the performance of direct real estate investments. The results in fact show a positive relation between underpricing and average property yields of the issuing companies' target investment area twelve months after the IPO. The second question tries to rationalise why previous real estate IPO studies document no long-run underperformance, a phenomenon commonly observed for industrial issuings. It could be shown that with a decreasing degree of the transparency of the underlying real estate markets, investor over-optimism is more likely to develop which is assumed to be one of the main factors for IPO firms to perform worse in the long run than established firms. The last research question sheds further light on the contradicting evidence found for the impact of corporate governance on valuation. Main findings show that concentrated ownership, both inside and outside, negatively affects IPO valuation while higher debt levels have a positive impact, implying that the market favorably recognises the existence of control mechanisms.
5
Underpricing Long-Run Performance and Valuation of Initial Public Offerings
~EN HC NWISBN: 363160405X bzw. 9783631604052, vermutlich in Englisch, Lang Peter GmbH, gebundenes Buch, neu.
Die Beschreibung dieses Angebotes ist von geringer Qualität oder in einer Fremdsprache. Trotzdem anzeigen
6
Underpricing, Long-Run Performance, and Valuat (2011)
~EN HC NWISBN: 9783631604052 bzw. 363160405X, vermutlich in Englisch, Lang, Frankfurt am Main/Berlin/Bern/Bruxelles/New York/Oxford/Wien, Deutschland, gebundenes Buch, neu.
Lieferung aus: Deutschland, Next Day, Versandkostenfrei.
Die Beschreibung dieses Angebotes ist von geringer Qualität oder in einer Fremdsprache. Trotzdem anzeigen
Die Beschreibung dieses Angebotes ist von geringer Qualität oder in einer Fremdsprache. Trotzdem anzeigen
7
Underpricing Long-Run Performance and Valuation of Initial Public Offerings
~EN NWISBN: 363160405X bzw. 9783631604052, vermutlich in Englisch, Lang, Frankfurt am Main/Berlin/Bern/Bruxelles/New York/Oxford/Wien, Deutschland, neu.
Underpricing Long-Run Performance and Valuation of Initial Public Offerings ab 41.95 EURO New.
8
Underpricing, Long-Run Performance, and Valuation of Initial Public Offerings (2011)
DE NWISBN: 363160405X bzw. 9783631604052, in Deutsch, Lang, Peter GmbH; Peter Lang GmbH, Internationaler Verlag der Wissenschaften, neu.
Von Händler/Antiquariat, MARZIES.de Buch- und Medienhandel, 14621 Schönwalde-Glien.
Die Beschreibung dieses Angebotes ist von geringer Qualität oder in einer Fremdsprache. Trotzdem anzeigen
Die Beschreibung dieses Angebotes ist von geringer Qualität oder in einer Fremdsprache. Trotzdem anzeigen
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