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| DC 欄位 | 值 | 語言 |
|---|---|---|
| dc.contributor.advisor | 陳坤志 | |
| dc.contributor.author | Yen-Ju Lin | en |
| dc.contributor.author | 林晏如 | zh_TW |
| dc.date.accessioned | 2021-06-17T03:21:42Z | - |
| dc.date.available | 2028-12-31 | |
| dc.date.copyright | 2018-06-29 | |
| dc.date.issued | 2018 | |
| dc.date.submitted | 2018-06-21 | |
| dc.identifier.citation | Allen, F., & Faulhaber, G. R. (1989). Signalling by underpricing in the IPO market. Journal of Financial Economics, 23(2), 303-323.
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| dc.identifier.uri | http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/69630 | - |
| dc.description.abstract | 本研究探討首次公開發行市場常見的折價現象，該現象是否受公司與承銷商間協議之閉鎖期影響。據文獻指出，首日公開發行折價與閉鎖期長度呈正相關，但卻未曾將閉鎖期本身是否存在連結至首日公開發行折價，亦未曾測試閉鎖期分類對首日公開發行折價之影響。因此，本研究主要探討公司在首次公開發行時，閉鎖期及閉鎖期類型是否影響首日折價幅度。
本研究結果發現，閉鎖期之存在與否並不影響首日折價幅度，原因為高達99%的樣本均具有閉鎖期，因此在市場中投資人未能藉此區分公司品質並給予對應的反應。而在閉鎖期類型中，當出售股東受閉鎖期限制時，首日折價幅度隨之提升6.56%。 | zh_TW |
| dc.description.abstract | The objective of the research is to investigate whether the various types of lock-up agreement between underwriter and the issuing company will affect the IPO underpricing. Empirical results show the existence of lockup in general have no influence on IPO underpricing. It is because up to 99% IPO companies have lock-up agreement thus make it a weak signal. As for the lockup type, if the IPO comes with lock-up agreement with selling shareholder, the IPO underpricing increase 6.56%. | en |
| dc.description.provenance | Made available in DSpace on 2021-06-17T03:21:42Z (GMT). No. of bitstreams: 1 ntu-107-R05722005-1.pdf: 3127188 bytes, checksum: 3a0dacd701e93cf8fab9d4c8ccbd822c (MD5) Previous issue date: 2018 | en |
| dc.description.tableofcontents | 謝辭 I
中文摘要 III ABSTRACT IV 目錄 V 第一章 緒論 1 第一節 研究背景與動機 1 第二節 研究目的 2 第二章 文獻回顧 3 第一節 首次公開發行的首日折價現象 3 第二節 閉鎖期與首次公開發行 5 第三節 研究假說 9 第三章 研究設計 11 第一節 樣本選取與資料來源 11 第二節 實證模型 13 第四章 實證結果 20 第一節 敘述性統計分析 20 第二節 相關係數分析 24 第三節 實證結果分析 27 第四節 額外測試 33 第五章 研究結論、限制與建議 35 第一節 研究結論 35 第二節 研究限制及建議 36 參考文獻 37 附錄 41 | |
| dc.language.iso | zh-TW | |
| dc.subject | 閉鎖期類型 | zh_TW |
| dc.subject | 閉鎖期 | zh_TW |
| dc.subject | 首次公開發行首日折價 | zh_TW |
| dc.subject | 出售股東 | zh_TW |
| dc.subject | 資訊不對稱 | zh_TW |
| dc.subject | 閉鎖期類型 | zh_TW |
| dc.subject | 閉鎖期 | zh_TW |
| dc.subject | 首次公開發行首日折價 | zh_TW |
| dc.subject | 資訊不對稱 | zh_TW |
| dc.subject | 出售股東 | zh_TW |
| dc.subject | Selling shareholder | en |
| dc.subject | IPO underpricing | en |
| dc.subject | Lock-up agreement | en |
| dc.subject | Lockup type | en |
| dc.subject | Information asymmetry | en |
| dc.subject | Selling shareholder | en |
| dc.subject | IPO underpricing | en |
| dc.subject | Lock-up agreement | en |
| dc.subject | Lockup type | en |
| dc.subject | Information asymmetry | en |
| dc.title | 閉鎖期及閉鎖期類型對首次公開發行折價之影響 | zh_TW |
| dc.title | The Effect of Lockup and Lockup Type on IPO Underpricing | en |
| dc.type | Thesis | |
| dc.date.schoolyear | 106-2 | |
| dc.description.degree | 碩士 | |
| dc.contributor.oralexamcommittee | 王全三,郭俐君 | |
| dc.subject.keyword | 首次公開發行首日折價,閉鎖期,閉鎖期類型,資訊不對稱,出售股東, | zh_TW |
| dc.subject.keyword | IPO underpricing,Lock-up agreement,Lockup type,Information asymmetry,Selling shareholder, | en |
| dc.relation.page | 41 | |
| dc.identifier.doi | 10.6342/NTU201801031 | |
| dc.rights.note | 有償授權 | |
| dc.date.accepted | 2018-06-21 | |
| dc.contributor.author-college | 管理學院 | zh_TW |
| dc.contributor.author-dept | 會計學研究所 | zh_TW |
| 顯示於系所單位： | 會計學系 | |
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