Normal view MARC view ISBD view

Outperforming markets: IC and the long-term performance of Japanese IPOs / by Christian Nielsen

By:

Nielsen, Christian

Contributor(s):

Material type:

Continuing resourceSeries: Accounting Forum | ; Volume 39, issue 2 (June 2015)Publication details: ---Amsterdam: Elsevier Ltd. 2015.Description: pages 83-96ISSN:

0155-9982

Subject(s):

DDC classification:

BPer. 657.05 Ac27

Abstract: 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.

Tags from this library: No tags from this library for this title. Log in to add tags.

Average rating: 0.0 (0 votes)

Holdings
Item type	Home library	Call number	Status	Date due	Barcode
Bansalan Periodicals	UM Bansalan College LIC	BPer. 657 Ac27 (Browse shelf(Opens below))	Not For Loan

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.

There are no comments on this title.

to post a comment.