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  1. Review of Quantitative Finance and Accounting
  2. Review of Quantitative Finance and Accounting : Volume 29
  3. Review of Quantitative Finance and Accounting : Volume 29, Issue 3, October 2007
  4. Valuation of global IPOs: a stochastic frontier approach
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Review of Quantitative Finance and Accounting : Volume 48
Review of Quantitative Finance and Accounting : Volume 47
Review of Quantitative Finance and Accounting : Volume 46
Review of Quantitative Finance and Accounting : Volume 45
Review of Quantitative Finance and Accounting : Volume 44
Review of Quantitative Finance and Accounting : Volume 43
Review of Quantitative Finance and Accounting : Volume 42
Review of Quantitative Finance and Accounting : Volume 41
Review of Quantitative Finance and Accounting : Volume 40
Review of Quantitative Finance and Accounting : Volume 39
Review of Quantitative Finance and Accounting : Volume 38
Review of Quantitative Finance and Accounting : Volume 37
Review of Quantitative Finance and Accounting : Volume 36
Review of Quantitative Finance and Accounting : Volume 35
Review of Quantitative Finance and Accounting : Volume 34
Review of Quantitative Finance and Accounting : Volume 33
Review of Quantitative Finance and Accounting : Volume 32
Review of Quantitative Finance and Accounting : Volume 31
Review of Quantitative Finance and Accounting : Volume 30
Review of Quantitative Finance and Accounting : Volume 29
Review of Quantitative Finance and Accounting : Volume 29, Issue 4, November 2007
Review of Quantitative Finance and Accounting : Volume 29, Issue 3, October 2007
Valuation and classification of company issued cash and share-puts
Modeling exposure to losses on automobile leases
Valuation of global IPOs: a stochastic frontier approach
Accounting Ph.D. program graduates: affiliation performance and publication performance
Changes in CEO compensation structure and the impact on firm performance following CEO turnover
Review of Quantitative Finance and Accounting : Volume 29, Issue 2, August 2007
Review of Quantitative Finance and Accounting : Volume 29, Issue 1, July 2007
Review of Quantitative Finance and Accounting : Volume 28
Review of Quantitative Finance and Accounting : Volume 27
Review of Quantitative Finance and Accounting : Volume 26
Review of Quantitative Finance and Accounting : Volume 25
Review of Quantitative Finance and Accounting : Volume 24
Review of Quantitative Finance and Accounting : Volume 23
Review of Quantitative Finance and Accounting : Volume 22
Review of Quantitative Finance and Accounting : Volume 21
Review of Quantitative Finance and Accounting : Volume 20
Review of Quantitative Finance and Accounting : Volume 19
Review of Quantitative Finance and Accounting : Volume 18
Review of Quantitative Finance and Accounting : Volume 17
Review of Quantitative Finance and Accounting : Volume 16
Review of Quantitative Finance and Accounting : Volume 15
Review of Quantitative Finance and Accounting : Volume 14
Review of Quantitative Finance and Accounting : Volume 13
Review of Quantitative Finance and Accounting : Volume 12
Review of Quantitative Finance and Accounting : Volume 11
Review of Quantitative Finance and Accounting : Volume 10
Review of Quantitative Finance and Accounting : Volume 9
Review of Quantitative Finance and Accounting : Volume 8

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Valuation of global IPOs: a stochastic frontier approach

Content Provider Springer Nature Link
Author Chan, Yue Cheong Wu, Congsheng Kwok, Chuck C. Y.
Copyright Year 2007
Abstract This paper studies the impact of global offerings on US IPO firms’ offer price using the stochastic frontier approach. We find that the offer price valuation efficiency for global IPOs exceeds that of IPOs with purely domestic offers by 3.1%. In particular, the global offering approach is most appropriate to those IPO firms, which offer larger proportion of new shares to international investors, underwritten by less prestigious investment banks and with larger firm-specific return variance. Our findings are consistent with the demand inelasticity, certification effect and investor recognition arguments that account for the benefits of global offering.
Starting Page 267
Ending Page 284
Page Count 18
File Format PDF
ISSN 0924865X
Journal Review of Quantitative Finance and Accounting
Volume Number 29
Issue Number 3
e-ISSN 15737179
Language English
Publisher Springer US
Publisher Date 2007-08-16
Publisher Place Boston
Access Restriction One Nation One Subscription (ONOS)
Subject Keyword Global offerings Stochastic frontier estimation Valuation efficiency Operations Research/Decision Theory Econometrics Accounting/Auditing Finance /Banking
Content Type Text
Resource Type Article
Subject Finance Accounting
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