New Issues in Emerging Markets: Determinants, Effects, and Stock Market Performance of IPOs in Korea

Journal of Emerging Market Finance

Volumn 2, Issue 3, 2003, Pages 253-285

  Smith, Stephen C ^a   Chun, Hesuk ^b  

^a GEORGE WASHINGTON UNIVERSITY   (United States)

^b World Financial Center   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 85007699508     PISSN: 09726527     EISSN: None     Source Type: Journal    
DOI: 10.1177/097265270300200301     Document Type: Article

References (23)

1. Atje, R. and B. Javanovic (1993), ‘Stock Markets and Development’, European Economic Review, April, 37(2-3): 632-40.
2. Barber, B.M. and J.D. Lyon (1997), ‘Detecting Long-Run Abnormal Stock Returns: The Empirical Power and Specification of Test Statistics’, Journal of Financial Economics, March, 43(3): 341-72.
3. Chen, Hsuan-Chi and J.R. Ritter (2000), ‘The Seven Percent Solution’, Journal of Finance, June, 55(3): 1105-31.
4. Degeorge, F. and R. Zeckhauser (1993), ‘The Reverse LBO Decision and Firm Performance: Theory and Evidence’, Journal of Finance, 48(4): 1323-48.
5. Jain, B.A. and O. Kini (1994), ‘The Post-issue Operating Performance of IPO Firms’, Journal of Finance, December, 49(5): 1699-726.
6. Kiymaz, H. (1999), ‘Long Run IPOs Pricing: Evidence from an Emerging Market’, Journal of Emerging Markets, Fall-Winter, 4(3): 43-58.
7. Kothari, S.P. and J.B. Warner (1997), ‘Measuring Long-Horizon Security Price Performance ’. Journal of Financial Economics, March, 43(3): 301-39.
8. Lee, S. Kyu (1993), ‘A Study on the Underpricing of Initial Public Offerings in Korea’, Ph.D. dissertation, Yonsei University.
9. Levine, R. and S. Zervos (1998), ‘Stock Markets, Banks, and Economic Growth’, American Economic Review, 88(3): 537-58.
10. Levis, M. (1993), ‘The Long-run Performance of Initial Public Offerings: The UK Experience 1980-1988’, Financial Management, Spring(1): 28-41.
11. Loughran, T. and J.R. Ritter (1995), ‘The New Issues Puzzle’, The Journal of Finance, 50(1): 23-51.
12. Lyon, J.D., B.M. Barber and Chih-Ling Tsai (1999), ‘Methods for Tests of Long-Run Abnormal Stock Returns’, Journal of Finance, February, 54(1): 165-201.
13. Mikkelson, W.H., M.M. Partch and K. Shah (1997), ‘Ownership and Operating Performance of Companies that Go Public’, Journal of Financial Economics, 44(3): 281-307.
14. Pagano, M., F. Panetta and L. Zingales (1998), ‘Why Do Companies Go Public? An Empirical Analysis’, The Journal of Finance, February, 33(1): 27-63.
15. Park, H.J. (1990), ‘Survey on the Determinants for the Initial Public Offering’, mimeo, April.
16. Rajan, R.G. (1992), ‘Insiders and Outsiders: The Choice between Informed and Arms' Length Debt’, Journal of Finance, 47(3): 1367-400.
17. Ritter, J.R. (1984), ‘The Hot Issue Market of 1980’, Journal of Business, 32(2): 215-40.
18. Ritter, J.R. (1987), ‘The Cost of Going Public’, Journal of Financial Economics, 19, North-Holland, 269-81.
19. Ritter, J.R. (1991), ‘The Long-run Performance of Initial Public Offerings’, Journal of Finance, March, 46(1): 3-27.
20. Securities Supervisory Board (1988), ‘The Results of the Survey—The Factor which has Impact on the Decision for Listing’, Monthly Review (Korea), November.
21. Singh, A. (1995), ‘Corporate Financial Patterns in Industrializing Economies-A Comparative International Study’, IFC Technical Paper No. 2, Washington: IFC.
22. Singh, A. and J. Hamid (1992), ‘Corporate Financial Structures in Developing Countries’, IFC Technical Paper No. 1, Washington: IFC.
23. Unctad (1993), ‘Portfolio Equity Investment and New Financing Mechanisms: Foreign Portfolio Equity Investment in Developing Countries: Current Issues and Prospects’, New York: UNCTAD Secretariat.