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完整後設資料紀錄
DC 欄位 | 值 | 語言 |
---|---|---|
dc.contributor.advisor | 吳學良(Hsueh-Liang Wu) | |
dc.contributor.author | Chia-Yi Liu | en |
dc.contributor.author | 劉佳怡 | zh_TW |
dc.date.accessioned | 2021-06-16T13:08:31Z | - |
dc.date.available | 2018-08-06 | |
dc.date.copyright | 2013-08-06 | |
dc.date.issued | 2013 | |
dc.date.submitted | 2013-08-01 | |
dc.identifier.citation | Alexander, B., Vergauwen, P., & Dao, M. 2009. Determinants of intellectual capital disclosure: evidence from Australia. Management Decision, 47(2): 233-245.
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dc.identifier.uri | http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/61652 | - |
dc.description.abstract | The IPO market has long been haunted by IPO anomaly on the first trading day. Although strategic alliance along with other strategic actions of IPO firms are viewed as a way to reveal growth potential, the literature wheels out few explanations for why IPO firms still fail to soften the information asymmetry problem by signaling to investors. In response to the recent calls for more sustained solution to both IPO anomaly and post-IPO performance, the study aims to firstly understand the effects of pre-IPO alliance experience on the incidence of IPO anomaly and post-IPO performance, and secondly investigate the repairing effect of alliance fit on post-IPO performance. In a sample of 305 biopharmaceutical IPOs during 1986-2011, this study shows that the pre-IPO alliance experience relates negatively to post-IPO performance due to signal misfit and IPO hidden information. The former is caused by the limited attention of investors to correctly interpreting all the signals from IPO firms, while the latter refers more to incomplete information about an IPO firm’s alliance experience available to the public. However, the study also evidences the contribution of alliance fit, in terms of the alignment among partner type, collaborative goal and governance modes, to enhancing post-IPO performance but softening the negative influence of IPO hidden information on post-IPO performance. | zh_TW |
dc.description.provenance | Made available in DSpace on 2021-06-16T13:08:31Z (GMT). No. of bitstreams: 1 ntu-102-D96724006-1.pdf: 547078 bytes, checksum: 10d26bae3cff6da60f01fe2ce8b0a855 (MD5) Previous issue date: 2013 | en |
dc.description.tableofcontents | The Authorization of Oral Members for Research Dissertation ……………..i
ABSTRACT………………………………………………………………………ii CHAPTER 1 INTRODUCTION………………………………………………..1 CHAPTER 2 LITERATURE REVIEW………………………………………..6 2.1 Attention Based Perspective of the IPO Market 2.2 Signaling Perspective of the IPO Market 2.3 The Conditions of Successful Signaling in IPO Market 2.4 Alliance Fit CHAPTER 3 HYPOTHESES DEVELOPMENT …………………………….16 3.1 Pre-IPO Alliance Experience and IPO anomaly 3.2 Signal Misfit and Post-IPO Performance 3.3 IPO Hidden Information and Post-IPO Performance 3.4 Alliance Fit, IPO Hidden Information, and Post-IPO Performance CHAPTER 4 SAMPLE, MEASURES AND METHOD…………………….22 4.1 Sample and Data Sources 4.2 Model Specification 4.3 Measures CHAPTER 5 RESULTS……………………………………………………….32 5.1 First-Stage in the Determinants of IPO Anomaly 5.2 Second-Stage in the Determinants of Post-IPO Performance CHAPTER 6 DISCUSSION AND CONCLUSION……………………….38 6.1 Contribution 6.2 Managerial Implication 6.3 Limitation and Future Research REFERENCE…………………………………………………………………42 | |
dc.language.iso | en | |
dc.title | IPO前策略聯盟如何減緩IPO異常現象?
以1986-2011年生技製藥IPO企業為例 | zh_TW |
dc.title | How does pre-IPO alliance experience reduce IPO anomaly?
Evidence of biopharmaceutical IPOs during 1986~2011 | en |
dc.type | Thesis | |
dc.date.schoolyear | 101-2 | |
dc.description.degree | 博士 | |
dc.contributor.oralexamcommittee | 陳世哲(shin-jhe chen),林博文(Bo- wen Lin),湯明哲(Ming-Je Tang),陳俊忠(Jun-zhong Chen) | |
dc.subject.keyword | 策略聯盟,訊號理論,IPO折價,IPO後績效, | zh_TW |
dc.subject.keyword | pre -IPO alliance,signaling theory,post IPO performance,under-pricing, | en |
dc.relation.page | 51 | |
dc.rights.note | 有償授權 | |
dc.date.accepted | 2013-08-01 | |
dc.contributor.author-college | 管理學院 | zh_TW |
dc.contributor.author-dept | 國際企業學研究所 | zh_TW |
顯示於系所單位: | 國際企業學系 |
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