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    Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/48884


    Title: 集團企業與初次公開發行股票折價幅度之關係
    The relationship between business groups and initial public offering underpricing
    Authors: 呂文傑
    Contributors: 譚丹琪
    呂文傑
    Keywords: 集團企業
    初次公開發行
    折價幅度
    Date: 2009
    Issue Date: 2010-12-08 01:52:20 (UTC+8)
    Abstract: 過去有關集團企業之研究，多偏重在探討集團企業多角化與績效之間的關係，而本研究嘗試以新的觀點，探討在資訊不對稱下集團企業所帶來的好處。
    本研究提出若IPO的公司隸屬於集團企業，可降低承銷商與投資人的風險，使得IPO股票折價幅度降低之假設，並由台灣證券交易所網站，選取民國90年1月至民國98年12月底為止在台灣證券交易所掛牌上市之139家新上市公司為樣本，以做為分析之用。
    根據本研究實證結果，在控制公司規模、漲跌幅新舊制、產業類別、與成立年數等變數下，當上市公司隸屬於集團企業時，相較於非集團企業之上市公司，其折價幅度平均低了8.777%。
    而在把「電子業樣本」與「非電子業樣本」分開討論下，「電子業樣本」中，當上市公司隸屬於集團企業時，相較於非集團企業之上市公司，其折價幅度平均只低了1.055%；而「非電子業樣本」中，當上市公司隸屬於集團企業時，相較於非集團企業之上市公司，其折價幅度平均低了25.096%。
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    Description: 碩士
    國立政治大學
    國際經營與貿易研究所
    97351018
    98
    Source URI: http://thesis.lib.nccu.edu.tw/record/#G0097351018
    Data Type: thesis
    Appears in Collections:[Department of International Business] Theses

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