| dc.contributor | 財管系 | zh_TW |
| dc.creator (作者) | 陳聖賢 | zh_TW |
| dc.creator (作者) | Chen, Sheng-Syan | en_US |
| dc.creator (作者) | Lee, Cheng-Few | en_US |
| dc.creator (作者) | Yeo, Gillian H. H. | en_US |
| dc.creator (作者) | Ho, Kim Wai | en_US |
| dc.date (日期) | 2002 | |
| dc.date.accessioned | 11-Jun-2018 18:24:04 (UTC+8) | - |
| dc.date.available | 11-Jun-2018 18:24:04 (UTC+8) | - |
| dc.date.issued (上傳時間) | 11-Jun-2018 18:24:04 (UTC+8) | - |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/117577 | - |
| dc.description.abstract (摘要) | We find that Singapore listed firms which have conducted private placements subsequently experience long-run stock underperformance. The long-run underperformance is more severe for small firms and firms with a higher book-to-market ratio. This suggests that small firms and firms with poorer growth prospects are more likely to time the issue when the stock is temporarily overvalued. Further more, we find a positive relation between the long-run stock performance and the change in ownership concentration of the issuing firms, which is consistent with the alignment-of-interests hypothesis. We do not find evidence supporting the earnings-management hypothesis. | en_US |
| dc.format.extent | 257896 bytes | - |
| dc.format.mimetype | application/pdf | - |
| dc.relation (關聯) | Review of Pacific Basin Financial Markets and Policies, Vol.5, No.3, pp.417-438 | zh_TW |
| dc.subject (關鍵詞) | Long-run stock returns; Equity offerings; Private placements; Emerging markets | en_US |
| dc.title (題名) | Long-Run Stock Performance of Equity-Issuing Firms: The Case of Private Placements in Singapore | en_US |
| dc.type (資料類型) | article | |
| dc.identifier.doi (DOI) | 10.1142/S0219091502000766 | |
| dc.doi.uri (DOI) | http://dx.doi.org/10.1142/S0219091502000766 | |
