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Vol. 32 >

Realities in Tokyo Stock Exchange

EJHU_v32_p151-159.pdf119.87 kBPDF見る/開く

タイトル: Realities in Tokyo Stock Exchange
著者: Kirkulak, Berna 著作を一覧する
キーワード: IPO,TokyoStock Exchange
発行日: 2003年 7月
出版者: Faculty of Economics, Hokkaido University
誌名: Economic journal of Hokkaido University
巻: 32
開始ページ: 151
終了ページ: 159
抄録: 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)
資料タイプ: bulletin
出現コレクション:Vol. 32


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