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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP427 |
DP427 Initial Public Offerings in the UK, USA and Japan | |
Tim Jenkinson | |
发表日期 | 1990-07-01 |
出版年 | 1990 |
语种 | 英语 |
摘要 | When a firm makes an initial public offering (IPO) of its equity, the accuracy with which its shares are priced will be an important factor determining the cost of "going public". This paper compares the accuracy of IPO pricing in the United States, United Kingdom and Japan over the period 1985-88. It is found that IPOs are systematically priced at a discount relative to their subsequent trading price in each count. |
关键词 | Business finance Firm equity Initial public offerings |
URL | https://cepr.org/publications/dp427 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/529585 |
推荐引用方式 GB/T 7714 | Tim Jenkinson. DP427 Initial Public Offerings in the UK, USA and Japan. 1990. |
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