The Signalling Process in Initial Public Offerings

• المؤلفون الرئيسيون: KOH, Francis, LIM, Young Sain, Joseph, Neo, Chin
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 1992
• الموضوعات: Business
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/lkcsb_research/1140; https://doi.org/10.1007/bf01732893
• المؤسسة: Singapore Management University

This study uses a sample of Singapore IPOs to examine the signalling process at the time of a new issue of shares. The multiple regression analysis results support three testable implications of the Grinblatt and Hwang model. We show that (1) the value of the firm is positively related to the fracti...