| dc.contributor.advisor | 姜堯民 | zh_TW |
| dc.contributor.author (作者) | 劉恩廷 | zh_TW |
| dc.creator (作者) | 劉恩廷 | zh_TW |
| dc.date (日期) | 2010 | en_US |
| dc.date.accessioned | 29-九月-2011 16:47:40 (UTC+8) | - |
| dc.date.available | 29-九月-2011 16:47:40 (UTC+8) | - |
| dc.date.issued (上傳時間) | 29-九月-2011 16:47:40 (UTC+8) | - |
| dc.identifier (其他 識別碼) | G0097357014 | en_US |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/50815 | - |
| dc.description (描述) | 碩士 | zh_TW |
| dc.description (描述) | 國立政治大學 | zh_TW |
| dc.description (描述) | 財務管理研究所 | zh_TW |
| dc.description (描述) | 97357014 | zh_TW |
| dc.description (描述) | 99 | zh_TW |
| dc.description.abstract (摘要) | 本研究以承銷新制實施並取消首五日漲跌幅限制後，2005年10月至2010年9月的初次上市(櫃)公司共185間公司為樣本點，探討價格穩定機制於台灣IPO市場的實證研究。 本文實證研究結果發現，在承銷新制實施價格穩定機制後，初次上市(櫃)的首日及首五日仍然存在顯著的超額報酬。在本研究的五年研究期間，185間初次上市(櫃)樣本公司中，共有28家公司於初次上市(櫃)的首五日內跌破承銷價，但跌破承銷價發生的時間點相當集中，若承銷商要避免跌破承銷價的情形，應慎選發行時點。 此外，本研究的實證結果也發現，公司提撥過額配售的比率愈高，初次上市(櫃)的報酬率表現會愈差，過額配售的提撥比率具有資訊內涵。最後，承銷商進場進行價格穩定操作並無法發揮價格支撐的功能。 | zh_TW |
| dc.description.tableofcontents | 第一章 緒論 第一節 研究動機與背景……………………………………………………………1 第二節 研究目的與架構……………………………………………………………4 第二章 文獻探討 第一節 初次公開發行折價因素相關研究…………………………………………6 第二節 國外與台灣價格穩定機制比較……………………………………………8 第三節 國內外文獻實證結果…………………………………………………… 12 第三章 研究設計 第一節 研究假說………………………………………………………………… 13 第二節 研究設計………………………………………………………………… 16 第三節 研究方法………………………………………………………………… 21 第四章 實證結果分析 第一節 敘述統計分析…………………………………………………………… 24 第二節 複迴歸模型分析………………………………………………………… 33 第五章 結論與建議 第一節 結論……………………………………………………………………… 44 第二節 研究限制………………………………………………………………… 45 第三節 建議……………………………………………………………………… 45 參考文獻…………………………………………………………………………… 47 附錄………………………………………………………………………………… 50 | zh_TW |
| dc.language.iso | en_US | - |
| dc.source.uri (資料來源) | http://thesis.lib.nccu.edu.tw/record/#G0097357014 | en_US |
| dc.subject (關鍵詞) | 價格穩定 | zh_TW |
| dc.subject (關鍵詞) | 過額配售 | zh_TW |
| dc.subject (關鍵詞) | price stabilization | en_US |
| dc.subject (關鍵詞) | over allotment option | en_US |
| dc.title (題名) | IPO價格穩定機制之實證研究 | zh_TW |
| dc.title (題名) | A study of price stabilization in Taiwan`s IPO market | en_US |
| dc.type (資料類型) | thesis | en |
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