Realities in Tokyo Stock Exchange

Kirkulak, Berna

Economic journal of Hokkaido University, 2003, 32, 151-159

Permalink : https://hdl.handle.net/2115/5384

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アクセス権	open access
URI	https://hdl.handle.net/2115/5384
タイトル	Realities in Tokyo Stock Exchange
著者	著者名 Kirkulak, Berna
言語	英語
キーワード	IPO,TokyoStock Exchange
発行日	2003-07
出版者	Faculty of Economics, Hokkaido University
収録物名	Economic journal of Hokkaido University
巻(号)	32
ページ	151-159
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)
資源タイプ	紀要論文
出版タイプ	Version of Record
PISSN	0916-4650
NCID	AA10772967