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dc.contributor.authorZe, Tianen_NZ
dc.identifier.citationZe, T. (2000). A comparison of IPOs from small and medium sized enterprises: China vs Australia (Thesis). Retrieved from
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.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
otago.schoolFinanceen_NZ of Otagoen_NZ Thesesen_NZ
otago.openaccessAbstract Only
dc.identifier.eprints659en_NZ & Quantitative Analysisen_NZ
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