Outperforming markets:
Nielsen, Christian.
Outperforming markets: IC and the long-term performance of Japanese IPOs / by Christian Nielsen - Amsterdam: Elsevier Ltd. 2015. - pages 83-96. - Quarterly - Volume 39, issue 2 (June 2015) - Accounting Forum. . - Volume 39, issue 2 (June 2015) 0155-9982 .
Include references.
This article studies the effects of disclosure practices of Japanese IPO propectuses on long-teram stock performance and bid-ask spread, as a proxy for cost of capital, after a company is admitted to the stock exchange. A disclosure index methodology is applied to 120 IPO prospectuses from 2003. Intellectual capital information leads to significantly better long-tearm performance against a reference portfolio, and is thus important to the capital market. Further, superior disclosures are important in an IPO setting. Analysts and investors can attain higher long-tearm returns by understanding IC.
0155-9982
Stock Exchange
Intellectual capital
Capital markets
BPer. 657.05 / Ac27
Outperforming markets: IC and the long-term performance of Japanese IPOs / by Christian Nielsen - Amsterdam: Elsevier Ltd. 2015. - pages 83-96. - Quarterly - Volume 39, issue 2 (June 2015) - Accounting Forum. . - Volume 39, issue 2 (June 2015) 0155-9982 .
Include references.
This article studies the effects of disclosure practices of Japanese IPO propectuses on long-teram stock performance and bid-ask spread, as a proxy for cost of capital, after a company is admitted to the stock exchange. A disclosure index methodology is applied to 120 IPO prospectuses from 2003. Intellectual capital information leads to significantly better long-tearm performance against a reference portfolio, and is thus important to the capital market. Further, superior disclosures are important in an IPO setting. Analysts and investors can attain higher long-tearm returns by understanding IC.
0155-9982
Stock Exchange
Intellectual capital
Capital markets
BPer. 657.05 / Ac27