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dc.contributor.authorZe, Tianen_NZ
dc.date.available2011-04-07T03:14:46Z
dc.date.copyright2000en_NZ
dc.identifier.citationZe, T. (2000). A comparison of IPOs from small and medium sized enterprises: China vs Australia (Thesis). Retrieved from http://hdl.handle.net/10523/1346en
dc.identifier.urihttp://hdl.handle.net/10523/1346
dc.description.abstractThe general market behaviour of unseasoned new issues of Chinese A-shares and Australian common stock at the time of first day trading on respective stock exchanges is investigated, presenting a time-series analysis of the monthly volume and average initial returns on initial public offerings over a certain period of time. Also, the correlation of volume and underpricing among different groups of companies according to their size is studied. The underpricing of new stock issue defined as initial returns is widespread. The scale is extreme, especially on both the Shanghai Securities Exchange (SHSE) and Shenzhen Stock Exchange (SZSE) of China. The percentage of IPOs for small and medium sized enterprises is increasing in China and decreasing in Australia on average during the period presented in this paper. The results show that there is no significant difference in size between the companies listed on SHSE and SZSE in terms of total asset or revenue.en_NZ
dc.subjectIP0sen_NZ
dc.subjectSMEsen_NZ
dc.subjectChinaen_NZ
dc.subjectAustraliaen_NZ
dc.subject.lcshHF Commerceen_NZ
dc.subject.lcshHF5601 Accountingen_NZ
dc.subject.lcshHG Financeen_NZ
dc.titleA comparison of IPOs from small and medium sized enterprises: China vs Australiaen_NZ
dc.typeThesisen_NZ
dc.description.versionUnpublisheden_NZ
otago.bitstream.pages34en_NZ
otago.date.accession2007-04-23en_NZ
otago.schoolFinanceen_NZ
thesis.degree.disciplineFinanceen_NZ
thesis.degree.grantorUniversity of Otagoen_NZ
thesis.degree.levelMasters Thesesen_NZ
otago.interloanyesen_NZ
otago.openaccessAbstract Only
dc.identifier.eprints659en_NZ
otago.school.eprintsFinance & Quantitative Analysisen_NZ
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