Divergence of Opinion and Long-Run Performance of Initial Public Offerings: A Reexamination in Taiwan
碩士 === 國立中正大學 === 財務金融所 === 95 === In the primary market, the value of initial public offerings (IPOs) is not easy to evaluate because of asymmetric information. Long-run performances are not consistent. Miller’s hypothesis (1977) posits that divergence of opinion can lead to asset overvaluation and...
| Main Authors: | , |
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| Other Authors: | |
| Format: | Others |
| Language: | zh-TW |
| Published: |
2007
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| Online Access: | http://ndltd.ncl.edu.tw/handle/34981201336655013700 |