A study on the influence of historical financial ratios towards the adjustment of filing price to final initial public offering offer price among selected publicly listed companies in the Philippines

The current research aims to determine whether the historical financial ratios significantly affect the adjustment in IPO offer price. A sample of 40 selected publicly listed companies in the Philippines was obtained through convenience sampling. The statistical analysis used was the hierarchical mu...

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Main Authors: Ang, Jennifer G., Cheng, Liezl Abigail S., Juan, Eleanna Mae R., Yu, Winnona Claire A.
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Language:English
Published: Animo Repository 2014
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Online Access:https://animorepository.dlsu.edu.ph/etd_bachelors/11454
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Institution: De La Salle University
Language: English
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spelling oai:animorepository.dlsu.edu.ph:etd_bachelors-120992022-08-03T09:07:37Z A study on the influence of historical financial ratios towards the adjustment of filing price to final initial public offering offer price among selected publicly listed companies in the Philippines Ang, Jennifer G. Cheng, Liezl Abigail S. Juan, Eleanna Mae R. Yu, Winnona Claire A. The current research aims to determine whether the historical financial ratios significantly affect the adjustment in IPO offer price. A sample of 40 selected publicly listed companies in the Philippines was obtained through convenience sampling. The statistical analysis used was the hierarchical multiple regression. The results showed that there was a significant relationship in terms of the return on equity (ROE), returns on asset (ROA) and total debt to equity ratios to the adjustment in offer price. However, earnings per share and total debt to asset ratio did not significantly affect the adjustment in offer price. Another aim of this study is to determine whether the trend in market condition alters the relationship between historical financial ratios and adjustment in IPO offer price. The results showed that only the earnings per share with the interaction of market condition significantly affected the adjustment to IPO offer price. On the other hand, the overall model indicated that there is a significant relationship between the historical financial ratios to the adjustment in IPO offer price, and also given the trend in the market condition, it showed that it significantly altered the association of historical financial ratios to the adjustment of IPO offer price. Understanding the determinants of adjustment in IPO price and the role of the trends in market condition is helpful for both management and investors alike. It may help the companies' management to find the right timing for initial public offering as well as the factors that help predict the adjustment in offer price in order to maximize the amount of capital that they can raise. Investors, on the other hand, would gain a better understanding to make informed decisions on the shares they are planning to invest in. 2014-01-01T08:00:00Z text https://animorepository.dlsu.edu.ph/etd_bachelors/11454 Bachelor's Theses English Animo Repository Accounting
institution De La Salle University
building De La Salle University Library
continent Asia
country Philippines
Philippines
content_provider De La Salle University Library
collection DLSU Institutional Repository
language English
topic Accounting
spellingShingle Accounting
Ang, Jennifer G.
Cheng, Liezl Abigail S.
Juan, Eleanna Mae R.
Yu, Winnona Claire A.
A study on the influence of historical financial ratios towards the adjustment of filing price to final initial public offering offer price among selected publicly listed companies in the Philippines
description The current research aims to determine whether the historical financial ratios significantly affect the adjustment in IPO offer price. A sample of 40 selected publicly listed companies in the Philippines was obtained through convenience sampling. The statistical analysis used was the hierarchical multiple regression. The results showed that there was a significant relationship in terms of the return on equity (ROE), returns on asset (ROA) and total debt to equity ratios to the adjustment in offer price. However, earnings per share and total debt to asset ratio did not significantly affect the adjustment in offer price. Another aim of this study is to determine whether the trend in market condition alters the relationship between historical financial ratios and adjustment in IPO offer price. The results showed that only the earnings per share with the interaction of market condition significantly affected the adjustment to IPO offer price. On the other hand, the overall model indicated that there is a significant relationship between the historical financial ratios to the adjustment in IPO offer price, and also given the trend in the market condition, it showed that it significantly altered the association of historical financial ratios to the adjustment of IPO offer price. Understanding the determinants of adjustment in IPO price and the role of the trends in market condition is helpful for both management and investors alike. It may help the companies' management to find the right timing for initial public offering as well as the factors that help predict the adjustment in offer price in order to maximize the amount of capital that they can raise. Investors, on the other hand, would gain a better understanding to make informed decisions on the shares they are planning to invest in.
format text
author Ang, Jennifer G.
Cheng, Liezl Abigail S.
Juan, Eleanna Mae R.
Yu, Winnona Claire A.
author_facet Ang, Jennifer G.
Cheng, Liezl Abigail S.
Juan, Eleanna Mae R.
Yu, Winnona Claire A.
author_sort Ang, Jennifer G.
title A study on the influence of historical financial ratios towards the adjustment of filing price to final initial public offering offer price among selected publicly listed companies in the Philippines
title_short A study on the influence of historical financial ratios towards the adjustment of filing price to final initial public offering offer price among selected publicly listed companies in the Philippines
title_full A study on the influence of historical financial ratios towards the adjustment of filing price to final initial public offering offer price among selected publicly listed companies in the Philippines
title_fullStr A study on the influence of historical financial ratios towards the adjustment of filing price to final initial public offering offer price among selected publicly listed companies in the Philippines
title_full_unstemmed A study on the influence of historical financial ratios towards the adjustment of filing price to final initial public offering offer price among selected publicly listed companies in the Philippines
title_sort study on the influence of historical financial ratios towards the adjustment of filing price to final initial public offering offer price among selected publicly listed companies in the philippines
publisher Animo Repository
publishDate 2014
url https://animorepository.dlsu.edu.ph/etd_bachelors/11454
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