(LUẬN văn THẠC sĩ) after market returns of initial public offering the case of viet nam
➤ Gửi thông báo lỗi ⚠️ Báo cáo tài liệu vi phạmNội dung chi tiết: (LUẬN văn THẠC sĩ) after market returns of initial public offering the case of viet nam
(LUẬN văn THẠC sĩ) after market returns of initial public offering the case of viet nam
UNIVERSITY OF ECONOMICSINSTITUTE OF SOCIAL STUDIESHO CHI MINH CITYTHE HAGUEVIET NAMTHE NETHERLANDSVIET N AM - NETHERLANDSPROGRAMME FOR M.A IN DEVELOPM (LUẬN văn THẠC sĩ) after market returns of initial public offering the case of viet nam MENT ECONOMICSAFTERMARKET RETT RNS OF INITIAL Pl BLIC OFFERINGTHE (ASF. OF VIETNAMBrNGUYEN LE NGOC KIIOAMASTER OF AR I S IN DEVELOPMENT ECONOMICSHo Chi Minh City, July 20141UNIVERSITY OF ECONOMICSHO CHI MINH CITYVIET NAMINSTITUTE OF SOCIAL STUDIESTHE HAGUETHE NETHERLANDSVIET NAM - NETHERLANDSPROGRAM (LUẬN văn THẠC sĩ) after market returns of initial public offering the case of viet nam ME FOR M.A IN DEVELOPMENT ECONOMICSAFTERMARKET REIT RNS OE INITIAL Pl BLIC OFFERINGTHE CASE OF VIET NAMA thesis submitted in partial fulfilment of the(LUẬN văn THẠC sĩ) after market returns of initial public offering the case of viet nam
requirements for the degree of MAS TER OF ARIS IN DEVELOPMENT ECONOMICS/Ạ-NGUYEN I E NGOC KHOAAcademic supervisorDr. TRUONG DANG TH I YHo Chi Minh CiUNIVERSITY OF ECONOMICSINSTITUTE OF SOCIAL STUDIESHO CHI MINH CITYTHE HAGUEVIET NAMTHE NETHERLANDSVIET N AM - NETHERLANDSPROGRAMME FOR M.A IN DEVELOPM (LUẬN văn THẠC sĩ) after market returns of initial public offering the case of viet nam ndirectly. First of all. I appreciate my supervisor Dr. Nguyen Dang Thuy so much for his enthusiastic assistance. He has not only given me intellectual guidance in academy but also encouraged me a lot through the analysis process. Il is so hard for me to complete this research without his profound a (LUẬN văn THẠC sĩ) after market returns of initial public offering the case of viet nam dvices. I am also thankful to Dr. Nguyen Trong Hoai and Dr. Pham Khanh Nam for sharing his knowledge and practice experiences in researching which are(LUẬN văn THẠC sĩ) after market returns of initial public offering the case of viet nam
very usetill for this study. I also thank my colleague. Ms. Ngo Thi Kim 1 hanh for sharing her suggestion on the ideas to this thesis as well as econUNIVERSITY OF ECONOMICSINSTITUTE OF SOCIAL STUDIESHO CHI MINH CITYTHE HAGUEVIET NAMTHE NETHERLANDSVIET N AM - NETHERLANDSPROGRAMME FOR M.A IN DEVELOPM (LUẬN văn THẠC sĩ) after market returns of initial public offering the case of viet nam r IPOs in short-run and long-run on Vietnam stock market by using abnormal returns to measure the slocks return. Market Efficiency hypothesis is applied to test the long-run performance. Furthermore, given a regression model, the thesis also aims to determine which factors most impact on the stock’s (LUẬN văn THẠC sĩ) after market returns of initial public offering the case of viet nam performance aftermarket. The thesis uses IPO price and trading price data from listed companies on Ho Chi Minh City Stock Exchange (HSX) and Hanoi St(LUẬN văn THẠC sĩ) after market returns of initial public offering the case of viet nam
ock Exchange (IINX) in the period 2001 - 2013. The results showed that most of these companies arc undervalued average of 63.5% in the first trading dUNIVERSITY OF ECONOMICSINSTITUTE OF SOCIAL STUDIESHO CHI MINH CITYTHE HAGUEVIET NAMTHE NETHERLANDSVIET N AM - NETHERLANDSPROGRAMME FOR M.A IN DEVELOPM (LUẬN văn THẠC sĩ) after market returns of initial public offering the case of viet nam an the Vietnam's benchmarks (VN - Index and IINX Index) within one year, two years and three years after the IPO. In addition, the study shows that in short-term. the abnormal return of IPO events in the first trading day affected by firm size, listing exchange and industry. But in the long-term, on (LUẬN văn THẠC sĩ) after market returns of initial public offering the case of viet nam e year, two years, and three years after the IPO. there arc no variables have statistical significance. It implies that the accumulated abnormal retur(LUẬN văn THẠC sĩ) after market returns of initial public offering the case of viet nam
ns were not affected by the model' factors.Keywords: Stock market, underpricing2UNIVERSITY OF ECONOMICSINSTITUTE OF SOCIAL STUDIESHO CHI MINH CITYTHE HAGUEVIET NAMTHE NETHERLANDSVIET N AM - NETHERLANDSPROGRAMME FOR M.A IN DEVELOPMUNIVERSITY OF ECONOMICSINSTITUTE OF SOCIAL STUDIESHO CHI MINH CITYTHE HAGUEVIET NAMTHE NETHERLANDSVIET N AM - NETHERLANDSPROGRAMME FOR M.A IN DEVELOPMGọi ngay
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