HUSCAP logo Hokkaido Univ. logo

Hokkaido University Collection of Scholarly and Academic Papers >
Graduate School of Economics and Business / Faculty of Economics and Business >
Economic Journal of Hokkaido University >
Vol. 32 >

Realities in Tokyo Stock Exchange

Files in This Item:
EJHU_v32_p151-159.pdf119.87 kBPDFView/Open
Please use this identifier to cite or link to this item:http://hdl.handle.net/2115/5384

Title: Realities in Tokyo Stock Exchange
Authors: Kirkulak, Berna Browse this author
Keywords: IPO,TokyoStock Exchange
Issue Date: Jul-2003
Publisher: Faculty of Economics, Hokkaido University
Journal Title: Economic journal of Hokkaido University
Volume: 32
Start Page: 151
End Page: 159
Abstract: This paper empirically examines the going public decision of 82 companies in Tokyo Stock Exchange (TSE) Market during 1997-2001 periods. In contrast to Jasdaq OTC market, most retail & wholesale and service companies, rather than IT companies prefer TSE. The empirical evidence of this paper shows that there is also bubble-underpricing phenomenon in TSE particularly in 1999. This study reports that IPO listed in TSE are generally old and high-sales firms. Moreover, it is remarkable to note that most of IPOs are managed with traditional style that major shareholder and CEO are same persons. (JEL G32, G24)
Type: bulletin (article)
URI: http://hdl.handle.net/2115/5384
Appears in Collections:Economic Journal of Hokkaido University > Vol. 32

Export metadata:

OAI-PMH ( junii2 , jpcoar_1.0 )

MathJax is now OFF:


 

 - Hokkaido University