IPO anomaly and idiosyncratic risk
Project/Area Number |
21730363
|
Research Category |
Grant-in-Aid for Young Scientists (B)
|
Allocation Type | Single-year Grants |
Research Field |
Accounting
|
Research Institution | Tokyo Institute of Technology |
Principal Investigator |
NAGATA Kyoko 東京工業大学, 大学院・社会理工学研究科, 准教授 (10345366)
|
Project Period (FY) |
2009 – 2011
|
Project Status |
Completed (Fiscal Year 2011)
|
Budget Amount *help |
¥4,160,000 (Direct Cost: ¥3,200,000、Indirect Cost: ¥960,000)
Fiscal Year 2011: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2010: ¥1,560,000 (Direct Cost: ¥1,200,000、Indirect Cost: ¥360,000)
Fiscal Year 2009: ¥1,950,000 (Direct Cost: ¥1,500,000、Indirect Cost: ¥450,000)
|
Keywords | 新規株式公開 / 利益調整行動 / IPOアノマリー / 株主構成 / 株式売出 / IPO / 親子上場 / ガバナンス / 所有構造 / アンダープライシング / 利益調整 / 系列(Keiretsu) / 初期収益率 / 価値評価 / 長期株価パフォーマンス |
Research Abstract |
This study examines the relationship between idiosyncratic risk and IPO(initial public offerings) anomalies, focusing on the unique factors in Japanese IPO market. The results reveal indicate that pre-IPO ownership structure has a significant impact on IPO share offering and underpricing.
|
Report
(4 results)
Research Products
(12 results)