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| DC 欄位 | 值 | 語言 |
|---|---|---|
| dc.contributor.advisor | 林建甫 | |
| dc.contributor.author | Chih-Hung Hsu | en |
| dc.contributor.author | 許志宏 | zh_TW |
| dc.date.accessioned | 2021-06-15T16:37:56Z | - |
| dc.date.available | 2015-08-16 | |
| dc.date.copyright | 2015-08-16 | |
| dc.date.issued | 2015 | |
| dc.date.submitted | 2015-08-11 | |
| dc.identifier.citation | 王淑以、簡威瑟（2015/03/30），「終結黑箱 IPO承銷將改競拍制」，經濟日報，A4版。
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| dc.identifier.uri | http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/52990 | - |
| dc.description.abstract | 本研究為探討不同類型投資人對於參與初次上市（櫃）詢價圈購之影響因素，以我國2011年至2015年3月前之初次上市（櫃）公司共227間為樣本。實證結果發現，台灣地區初次上市（櫃）圈購配售時，平均而言專業投資人所參與詢圈認購之股數較機構投資人為高，而機構投資人又相較零售投資人的股數多，這應與專業投資人相較機構投資人及零售投資人，與承銷商的關係更為密切，且資訊更為完整。至於其他影響因素而言，若發行公司之資本額越高，則投資人不論參與人數或是平均認購股數皆較高。另外，機構投資人較一般自然人的投資者的確更關注發行公司的財務相關品質，此結論與Neupane, Paudyal and Thapa（2014）的研究相符合，但市場熱度變數，實證結果則呈現不同之推論，一般自然人投資者並沒有較機構投資人更容易受市場交易熱度影響。 | zh_TW |
| dc.description.abstract | This study is to explore the influencing factors of different types of investors who participate in book building of initial public offerings (IPO). We collected 227 IPO companies from year 2011 to May of 2015 in Taiwan as research samples. The empirical results show that book building of IPO in Taiwan, in average subscription shares of the professional investors are higher that of institutional investors, of which greater than retail investors because they have closer relationship with underwriters and more comprehensive information compared with institutional investors and retail investors. As to other influencing factors, if the company capital is higher, the participants and the average number of shares subscribed of investors will also be greater. In addition, institutional investors indeed pay more attentions on IPO company’s quality of financial statement than retail investors do, which has the same conclusion in accordance with the research findings of Neupane, Paudyal and Thapa (2014). However, the empirical results of market hot issue show different inference that retail investors was less affected by degree of market hot issue show than institutional investors. | en |
| dc.description.provenance | Made available in DSpace on 2021-06-15T16:37:56Z (GMT). No. of bitstreams: 1 ntu-104-P01323028-1.pdf: 691251 bytes, checksum: a88db405cbbe73bbcde4412907c1ff08 (MD5) Previous issue date: 2015 | en |
| dc.description.tableofcontents | 目 錄
口試委員會審定書 i 誌謝 ii 中文摘要 ii 英文摘要 iv 目錄 v 表目錄 vi 圖目錄 vii 第一章 緒論 1 第一節 研究背景與動機 1 第二節 研究目的 3 第三節 研究架構 4 第二章 文獻回顧 6 第一節 我國初次上市(櫃)前詢價圈購配售制度 6 第二節 承銷方式比較相關文獻 11 第三節 詢價圈購行為相關文獻 14 第三章 研究方法 16 第一節 研究樣本 16 第二節 研究變數設定 17 第三節 實證模型與假說設立 19 第四章 實證分析 23 第一節 敘述統計 23 第二節 變異數分析 25 第三節 複迴歸分析 27 第四節 小結 30 第五章 結論與建議 31 表目錄 表1-1 2005-1014年IPO競拍案件數量表 3 表2-1 圈購人認購數量上限表 8 表2-2 初次上市（櫃）案件承銷案件時程表 9 表3-1 研究樣本分類表 16 表4-1 被解釋變數敘述統計表 23 表4-2 解釋變數敘述統計表 24 表4-3 參與認購人數(機構投資人與一般自然人)變異數分析表 25 表4-4 平均認購張數(機構投資人與一般自然人)變異數分析表 25 表4-5 參與認購人數(專業投資人與機構投資人)變異數分析表 26 表4-6 平均認購張數(專業投資人與機構投資人)變異數分析表 27 表4-7 參與認購人數迴歸分析表 28 表4-8 平均認購張數迴歸分析表 29 表4-9 解釋變數影響分析表 30 圖目錄 圖1-1 台灣地區2005~2015年累計上市上櫃企業家數 1 圖1-2 台灣地區2004~2014年新上市上櫃企業家數 2 圖1-3 本文研究流程圖 5 | |
| dc.language.iso | zh-TW | |
| dc.subject | 詢價圈購 | zh_TW |
| dc.subject | 初次上市(櫃) | zh_TW |
| dc.subject | 承銷 | zh_TW |
| dc.subject | 專業投資人 | zh_TW |
| dc.subject | Book Building | en |
| dc.subject | IPO | en |
| dc.subject | Underwriting | en |
| dc.subject | Professional Investor | en |
| dc.title | 投資人參與初次上市(櫃)詢價圈購影響因素之研究 | zh_TW |
| dc.title | Research on the Influencing Factors of Investors who Participate in Book Building of Initial Public Offerings | en |
| dc.type | Thesis | |
| dc.date.schoolyear | 103-2 | |
| dc.description.degree | 碩士 | |
| dc.contributor.oralexamcommittee | 郭平欣,莊慶達 | |
| dc.subject.keyword | 詢價圈購,初次上市(櫃),承銷,專業投資人, | zh_TW |
| dc.subject.keyword | Book Building,IPO,Underwriting,Professional Investor, | en |
| dc.relation.page | 36 | |
| dc.rights.note | 有償授權 | |
| dc.date.accepted | 2015-08-12 | |
| dc.contributor.author-college | 社會科學院 | zh_TW |
| dc.contributor.author-dept | 經濟學研究所 | zh_TW |
| 顯示於系所單位： | 經濟學系 | |
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