IPOs and venture backed IPOs: a theoretical and practical code of practice plus implication
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Baden-Baden
Nomos
2012
|
| Ausgabe: | 1. ed. |
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | 190 S. |
| ISBN: | 9783832971663 3832971661 |
Internformat
MARC
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Datensatz im Suchindex
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|---|---|
| adam_text | IMAGE 1
CONTENTS
LIST O F FIGURES 13
LIST O F TABLES 15
ACRONYMS 15
ABSTRACT 17
1 INTRODUCTION 21
1.1 PROCEEDING 28
2 LITERATURE REVIEW 31
2.1 IPO LITERATURE 31
2.1.1 THE COMPANY S PERSPECTIVE 31
2.1.2 THE MARKET PERSPECTIVE 32
2.1.3 THE UNDERPRICING PERSPECTIVE 35
2.1.4 VENTURE BACKED IPOS 36
2.2 GAME THEORETICAL LITERATURE 4 0
2.3 CONCLUSIONS 43
3 IPO FUNDAMENTALS 45
3.1 IPO PROCESS OVERVIEW - 45
3.2 TECHNICAL FUNDAMENTALS GERMANY 50
3.3 TECHNICAL FUNDAMENTALS USA 54
3.4 MOST IMPORTANT FUNDAMENTALS 59
3.4.1 MOTIVES FOR GOING PUBLIC 59
3.4.1.1 FINANCING 60
3.4.1.2 INCREASE IN PUBLICITY 61
3.4.1.3 SHARES AS CURRENCY 61
3.4.1.4 POSSIBLE DISADVANTAGES 62
3.4.2 DISINVESTMENT OF PARTNERS 62
3.5 IS THE COMPANY MATURE ENOUGH FOR THE MARKETS? 65
3.5.1 CORPORATE GOVERNANCE 67
3.5.2 EXTERNAL REPORTING 68
3.5.3 INTERNAL REPORTING 69
3.5.4 PROSPECTUS 69
9
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IMAGE 2
3.5.5 RELATED COSTS 71
3.6 THE EMISSION PROCESS 72
3.6.1 TIMING OF THE EMISSION 73
3.6.2 ORIGIN OF THE STOCK 74
3.6.3 MARKET-SEGMENT AND EXCHANGE 74
3.6.4 FINDING AN UNDERWRITER 75
3.6.5 PLACEMENT 78
3.6.6 VALUATION AND EMISSION PRICE 79
3.6.6.1 RELATIVE VALUATION - MULTIPLES 80
3.6.6.2 ABSOLUTE VALUATION - DISCOUNTED CASH FLOW 83 3.6.6.3 EQUITY
COSTS - THE CAPM 85
3.6.6.4 SHAREHOLDER VALUE 86
3.6.6.5 CONSTRAINTS OF VALUATION MODELS 87
3.6.7 FINAL PRICE DETERMINATION 88
3.6.7.1 FIXED PRICE METHOD 89
3.6.7.2 BOOKBUILDING 90
3.6.7.3 AUCTION 91
4 SIGNALLING STRUCTURE O F AN IPO 93
4.1 INTRODUCING UNCERTAINTY 93
4.2 THE COMPANY S SIGNALLING 95
4.3 INFORMATION FEEDBACK 96
4.4 THE EQUILIBRIUM STATE 96
4.5 THE WELFARE PERSPECTIVE 102
4.6 IMPLICATIONS 105
5 IPOS AND UNDERPRICING - THE TRANSACTION FROM A GAME THEORETICAL,
BEHAVIORAL AND LITERATURE PERSPECTIVE 111
5.1 MISPRICING FROM A GAME THEORETICAL PERSPECTIVE 111
5.1.1 FUNDAMENTAL VALUES AND PRICES 112
5.1.2 HIGHER ORDER BELIEFS 114
5.1.2.1 FINITE BUBBLES WITH SHORT SALE CONSTRAINTS AND ASYMMETRIC
INFORMATION 116
5.1.2.2 SHORT OVERVIEW OF VARIABLES AND FORMULAS 116 5.1.2.3 THE MODEL
117
5.1.2.4 NECESSARY BUBBLE/OVERVALUATION CONDITIONS 120 5.1.2.5 AN EXAMPLE
WITH HETEROGENEOUS BELIEFS 121 5.1.2.6 CONCLUSIONS 128
5.1.3 SIMPLE FINITE HORIZON BUBBLES ROBUST TO HIGHER ORDER KNOWLEDGE 129
5.1.4 NOISE TRADERS AND HERDING 131
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5.1.4.1 SHORT OVERVIEW O F VARIABLES AND FORMULAS 133
5.1.4.2 HERD BEHAVIOR, BUBBLES AND CRASHES 134
5.1.4.3 CONCLUSION 141
5.1.5 SUMMARY 142
5.1.6 OUTLOOK 143
5.2 BEHAVIORAL FINANCE 144
5.2.1 REDEFINING UTILITIES - PROSPECT THEORY 144
5.2.2 OVERCONFIDENCE AND HIGH ATTENTION 146
5.3 CONCLUSIONS 147
6 PRACTICAL FINDINGS AND OUTLOOK 149
6.1 OUTLOOK 153
7 IPOS - JUST MOMENTUM OR AN ASSET CLASS? 157
8 CONCLUSIONS AND CRITICAL REMARKS 167
9 HYPOTHESES 173
A APPENDIX 183
11
|
| any_adam_object | 1 |
| author | Ghadri, F. Philipp 1978- |
| author_GND | (DE-588)1020385510 |
| author_facet | Ghadri, F. Philipp 1978- |
| author_role | aut |
| author_sort | Ghadri, F. Philipp 1978- |
| author_variant | f p g fp fpg |
| building | Verbundindex |
| bvnumber | BV039993355 |
| classification_rvk | QK 650 QP 442 |
| ctrlnum | (OCoLC)782975566 (DE-599)DNB1018692118 |
| dewey-full | 332.6322 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 332 - Financial economics |
| dewey-raw | 332.6322 |
| dewey-search | 332.6322 |
| dewey-sort | 3332.6322 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| edition | 1. ed. |
| format | Book |
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| id | DE-604.BV039993355 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-10T00:15:48Z |
| institution | BVB |
| isbn | 9783832971663 3832971661 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-024850441 |
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| physical | 190 S. |
| publishDate | 2012 |
| publishDateSearch | 2012 |
| publishDateSort | 2012 |
| publisher | Nomos |
| record_format | marc |
| spelling | Ghadri, F. Philipp 1978- Verfasser (DE-588)1020385510 aut IPOs and venture backed IPOs a theoretical and practical code of practice plus implication F. Philipp Ghadri 1. ed. Baden-Baden Nomos 2012 190 S. txt rdacontent n rdamedia nc rdacarrier Going Public (DE-588)4219438-6 gnd rswk-swf Unterbewertung (DE-588)4186965-5 gnd rswk-swf Asymmetrische Information (DE-588)4120934-5 gnd rswk-swf Verhaltensökonomie (DE-588)7751254-6 gnd rswk-swf Going Public (DE-588)4219438-6 s Asymmetrische Information (DE-588)4120934-5 s Unterbewertung (DE-588)4186965-5 s Verhaltensökonomie (DE-588)7751254-6 s DE-604 DNB Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=024850441&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Ghadri, F. Philipp 1978- IPOs and venture backed IPOs a theoretical and practical code of practice plus implication Going Public (DE-588)4219438-6 gnd Unterbewertung (DE-588)4186965-5 gnd Asymmetrische Information (DE-588)4120934-5 gnd Verhaltensökonomie (DE-588)7751254-6 gnd |
| subject_GND | (DE-588)4219438-6 (DE-588)4186965-5 (DE-588)4120934-5 (DE-588)7751254-6 |
| title | IPOs and venture backed IPOs a theoretical and practical code of practice plus implication |
| title_auth | IPOs and venture backed IPOs a theoretical and practical code of practice plus implication |
| title_exact_search | IPOs and venture backed IPOs a theoretical and practical code of practice plus implication |
| title_full | IPOs and venture backed IPOs a theoretical and practical code of practice plus implication F. Philipp Ghadri |
| title_fullStr | IPOs and venture backed IPOs a theoretical and practical code of practice plus implication F. Philipp Ghadri |
| title_full_unstemmed | IPOs and venture backed IPOs a theoretical and practical code of practice plus implication F. Philipp Ghadri |
| title_short | IPOs and venture backed IPOs |
| title_sort | ipos and venture backed ipos a theoretical and practical code of practice plus implication |
| title_sub | a theoretical and practical code of practice plus implication |
| topic | Going Public (DE-588)4219438-6 gnd Unterbewertung (DE-588)4186965-5 gnd Asymmetrische Information (DE-588)4120934-5 gnd Verhaltensökonomie (DE-588)7751254-6 gnd |
| topic_facet | Going Public Unterbewertung Asymmetrische Information Verhaltensökonomie |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=024850441&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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