The tender system - reduces underpricing and increases market efficiency

• المؤلفون الرئيسيون: How, Hee Teck, Ng, Ngee Cheng, Poh, Lee Lee
• مؤلفون آخرون: Kwok Chi Hing, Branson
• التنسيق: Final Year Project
• اللغة: English
• منشور في: 2015
• الموضوعات: DRNTU::Business::Finance
• الوصول للمادة أونلاين: http://hdl.handle.net/10356/63933
• المؤسسة: Nanyang Technological University

This report presents the empirical findings on the efficacy of the dual-tranche system of share flotation and/or the newly introduced "when-issued" market in increasing the proceed from new issues, reducing underpricing and improving market efficiency in Singapore. Results showed that i...