000			01538nas a22003017a 4500
999			_c3615 _d3615
003			OSt
005			20190425153242.0
008			170808b xxuqr|p| |||| 00| 0 eng d
022			_a0155-9982
040			_cUM Bansalan College LIC
082			_aBPer. 657.05 _bAc27
100			_95408 _aNielsen, Christian.
245			_aOutperforming markets: _bIC and the long-term performance of Japanese IPOs / _cby Christian Nielsen
260			_a---Amsterdam: _bElsevier Ltd. _c2015.
300			_apages 83-96.
310			_aQuarterly
362			_aVolume 39, issue 2 (June 2015)
440			_95407 _aAccounting Forum.
490			_vVolume 39, issue 2 (June 2015) _x0155-9982
500			_aInclude references.
520	3		_aThis 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.
650		0	_95589 _aStock Exchange
650		0	_95411 _aIntellectual capital
650		0	_95590 _aCapital markets
700			_95593 _aRimmel, Gunnar.
700			_95594 _aYosano, Tadanori.
942			_2ddc _cBPER.