Armed with only the prospectus, can a retail investor pick a good IPO?
This study investigates whether four financial ratios, namely ROE, ROA, NPM and P/E ratios, derived from information in the prospectus issued by IPO firms have any predictability on returns on the first day and returns for various holding periods.
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| Main Authors: | , , |
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| Other Authors: | |
| Format: | Final Year Project |
| Published: |
2008
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/9342 |
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| Institution: | Nanyang Technological University |